Zenith Minerals (ASX:ZNC) has commenced a maiden drill program, to test the size potential of high-grade near-surface cobalt and nickel mineralisation within its recently, granted, wholly owned Split Rocks project in WA. A recent review of previous exploration, as announced last month, highlighted historic drill results at the Dulcie Prospect.
A maiden drill program has commenced to test the size potential of high-grade near surface cobalt and nickel mineralisation within Zenith’s recently granted, 100% owned Split Rocks project in Western Australia. A recent review of previous exploration, as announced to the ASX on the 9 th January 2018 highlighted historic drill results at the Dulcie Prospect, including:
- 22m @ 0.06% cobalt and 0.70% nickel from 18m downhole, including: 8m @ 0.12% cobalt and 0.96% nickel;
- 21m @ 0.06% cobalt and 0.49% nickel from 25m downhole, including: 5m @ 0.13% cobalt and 1.78% nickel;
- 15m @ 0.06% cobalt and 0.54% nickel from 32m downhole plus a further 21m @ 0.05% cobalt and 0.59% nickel from 52m;
This historic drilling at Dulcie covers only 400m of strike of an ultramafic host unit with an additional up to 9km’s of untested potential within Zenith’s Split Rocks tenure. Drilling in this first phase program will test approximately 4.5km of the target area.
In addition follow-up infill and extension surface sampling has been completed over two of the three lithium surface geochemical anomalies defined to date at Split Rocks, in order to better define initial drill targets within these large soil anomalies. Zenith’s Split Rocks tenements are ~10km northwest of the Earl Grey lithium pegmatite deposit (ASX:KDR/SQM). Drill permits have already been received for the lithium targets, and drilling is planned to proceed after receipt of assay results for this additional surface sampling. Note sampling for lithium to date covers less than 10% of the Company’s 500km2 tenement area at Split Rocks. Z
enith Minerals Limited (“Zenith” or “the Company”) is very pleased to advise that cobaltnickel focused drilling has commenced on one of the recently granted exploration licences that makes up the Company’s 100% owned Split Rocks project in Western Australia.
Zenith’s Split Rocks exploration licences are located approximately 10km northwest of Kidman Resources Limited (ASX:KDR) Earl Grey lithium pegmatite deposit containing 128Mt @ 1.44% Li2O (KDR ASX Release 5th December 2016) and 15km northwest of the Bounty Gold mine (Figures 1 & 4). Zenith commenced exploration of the Split Rocks project in 2017 with active, ongoing programs focusing on the lithium, nickel-cobalt as well as the gold potential.
The key aim of this initial drill program is to assess the grade and continuity of cobalt-nickel mineralisation over a 4.5km zone north of the previously intersected near surface, high-grade results at the Dulcie Prospect, which include 22m @ 0.06% cobalt and 0.70% nickel (details of the cobalt-nickel target overleaf). A secondary target of the drill program is the gold potential within the cobalt-nickel ultramafic host unit. Previous drilling intersected significant gold mineralisation with results including: 34m @ 0.48g/t gold (Au), including 7m @ 1.57 g/t Au from 37m depth, open to the south west (as previously reported in ZNC – ASX Release 16th August 2016). Nine of the thirteen drill holes returned 1m intercepts greater than 0.5 g/t Au ranging up to 1m @ 8.6 g/t Au. All drill holes will be sampled and analysed for cobalt-nickel, gold as well as selected intervals for lithium and it associated indicator elements