Zenith Minerals (ASX:ZNC) has released its quarterly activities report for the period ending June 30, highlighting progress made across the company’s portfolio of assets in Australia, the US and Mexico. At the Split Rocks project in WA, RC, RAB and aircore drill programs were carried out during the quarter to test lithium, gold and cobalt-nickel targets, while assay results from the maiden drill program at Burro Creek were received during the three months to June.
Split Rocks Lithium-Gold-Cobalt Project – WA
RC, RAB and aircore drill programs carried out during the quarter at Split Rocks to test lithium, gold and cobalt-nickel targets.
RC drilling of the Dulcie lithium pegmatite target to test anomalous lithium bearing pegmatites over 950m of strike (results up to 2m @ 0.12%Li2O intersected in Zenith’s maiden drill program), confirmed the presence of thick pegmatite bodies (up to 77m downhole widths). Dulcie prospect only 40 km north of Kidman Resources’ (ASX:KDR) Earl Grey lithium pegmatite deposit. Assay results for the 6 RC drill holes are still awaited.
Recent drilling at Dulcie South also confirmed the presence of gold within the surficial laterite horizon at Dulcie, returning 4m @ 1.16 g/t gold from surface. Potential exists for one or more modest scale, laterite gold, surface deposits of a similar style to that currently being mined and treated at the adjoining Dulcie Heap Leach gold operation.
Further significant cobalt drill results from initial composite samples from Dulcie South Prospect including: 8m @ 0.05% cobalt.
Two new high-tenor lithium soil anomalies defined taking the total number of lithium soil targets to be drill tested to seven.
American Lithium JV
Burro Creek Lithium Clay Project – Arizona USA
Assay results from the maiden drill program at Burro Creek were received during the quarter. Results show that the higher-grade portion of the lithium bearing clay zone is a near surface, flat lying horizon extending over 900m by 400m within the eastern project state leases. Mineral resource estimate and additional metallurgical testwork in progress.
Mapping and surface sampling in the new Burro Creek western claims identified further widespread, high-grade, flat-lying lithium clays at surface with two new areas identified each equal or greater in size to the zone of lithium mineralisation discovered in the current drill program. These two new areas will be the focus of future resource drilling.
Zacatecas Lithium Brine Project – Mexico
Geophysical surveys (MT) have been highly successful in outlining conductive zones beneath the strongly anomalous surface lithium anomalies at the Zacatecas project in Mexico, these conductive zones are considered compelling lithium brine drill targets. Permitting to drill test in progress.
Kavaklitepe Gold Project
All forestry permits received to allow drill testing to proceed. Zenith is currently discussing the forward program with Teck for the next round of drill testing.
Other Australian Projects
Over 3,000 surface samples were collected at the Develin Creek and Tate River projects in Queensland during the quarter, assay results awaited