Zenith Minerals (ASX:ZNC) has updated the market on its activities over the three months to September 30. Sampling work at the San Domingo pegmatite field in Arizona returned high-grade lithium from pegmatite dykes, while metallurgical testwork at its Burro Creek lithium clay project returned further positive results. In Western Australia, two gold anomalies were defined at The Company’s Split Rocks lithium-gold project.
American Lithium JV
San Domingo Pegmatite field- Arizona USA
Sampling returned high-grade lithium from pegmatite dykes with results including grab samples of 5.8% and 8.0% Li2O. Systematic sampling of more strongly weathered spodumene rich pegmatite returned: 2.9m @ 0.86% Li2O, 2.8m @ 0.69% Li2O, plus a near true width zone of 12.7m @ 0.45% Li2O. Drilling planned.
Zacatecas Lithium Brine Project – Mexico
Shallow auger holes at San Juan Salar show strong lithium in salt lake sediments up to 874ppm Li. Lithium and total salinity in brine samples increase with depth in all holes pointing to deeper target. MT geophysical survey planned to assess deeper brine targets prior to drill testing.
Burro Creek Lithium Clay Project – Arizona USA
Permits for trench and resource drilling submitted to the Arizona State Lands Department – response expected mid-November. In addition, metallurgical testwork returned further positive results on Burro Creek clay samples, with lithium recoveries to 89% from calcine-water leaching and up to 90% using a simple acid leach approach.
Wilson Salt Flat Lithium Brine Project – Nevada USA
Recently completed MT geophysics at Wilson Salt Flat highlights a strong conductive target similar to new discovery. A new lithium brine discovery in Nevada by a competitor adds strong endorsement to the Company’s lithium brine targeting methodology, and prospectivity of Zenith’s projects. Permitting in progress for initial drilling.
Split Rocks Lithium-Gold Project – WA
Two gold anomalies defined by Zenith auger soil sampling. Mawson anomaly is 1.4km long with individual soil results up to 1g/t Au, coincident with major jog in regional shear zone. Casey anomaly is 3km long x 500m wide, with soil results up to 0.12g/t Au.
In addition, portable XRF analyses of sample pulps from gold assays have highlighted widespread, coherent zones of anomalous lithium indicator elements tantalum and rubidium surrounding granite bodies that may be potential source rocks for lithium bearing pegmatites. Lithium assays are in progress.
Tate River Gold Project – QLD
Widespread bedrock gold mineralisation confirmed by Zenith excavator trenching program: with results including: 5m @ 3.92g/t Au, 3m @ 1.72 g/t Au, 3m @ 1.09 g/t Au and 2m @ 0.82g/t Au. Wide zones of strongly anomalous gold i.e. Trench GT12 (entire length average 166m @ 0.14g/t Au) indicate large scale gold mineralised system.
Earaheedy Zinc Project – WA
Deal announced with ASX:RTR on Zenith’s 100% owned Earaheedy Zinc project
Kavaklitepe Gold JV (Turkey)
Drill programs and budgets finalised – awaiting availability of man-portable drill rig.
251,521 ZNCO options were exercised, converting to fully paid ordinary shares during the quarter raising a total of $25,152.
Option holders are reminded that the ZNCO options will expire on the 31st December 2017 and should they wish to exercise their rights they should contact the Company’s share registry on Phone: 1300 992 916 or from overseas +61 3 9628 2200 or e-mail: email@example.com or www.securitytransfer.com.au