Zenith Minerals (ASX: ZNC) spent the December 2018 quarter conducting aircore drill programs and soil sampling at its Split Rocks lithium and gold project to test targets, with first-pass surface samples taken to-date covering about 20 per cent of the company’s tenements. Upon drilling, the results returned significant bedrock lithium mineralisation in several instances.
Kavaklitepe Gold Project – Turkey
During the quarter a 2,276 metre (15 hole) RC drill program was completed at the Kuzey Prospect, one of 3 gold mineralised zones within the Kavaklitepe Gold Project. Initial 4m composite assays outlined thick high-grade gold mineralisation with highlight intersections including: 24 m @ 4.15 g/t and 28m @ 2.78 g/t Au. Subsequently, 1-metre samples through the mineralised zones were assayed and confirm and refine the distribution of the gold mineralisation. Significant intersections from 1m sampling include; 26 m @ 2.89 g/t, including 21 m@ 3.29 g/t Au, 14 m@ 6.09 g/t Au and 8 m @ 2.29 g/t Au. New rock traverse sampling along access tracks returned 10m @ 12.2 g/t Au and 15m @ 10.1 g/t Au.
Split Rocks Lithium-Gold Project – Western Australia
Aircore drill programs were completed during the quarter at Split Rocks to test five lithium soil targets (Anomalies 1, 3, 4, 5 and 6). Drilling confirmed the presence of numerous pegmatite bodies beneath each of the soil anomalies, but assay results did not indicate lithium fertile geochemistry in the pegmatites intersected in the shallow wide spaced drilling, and no clear source for the lithium anomalies has been identified to date.
Infill and extensional soil sampling completed at Anomaly 2 returned strong lithium as well as very high tantalum and niobium results, elements typically associated with lithium bearing pegmatites. Further field follow-up required before drill testing.
Infill drilling was also completed to test the potential 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. Results are encouraging but further drilling is required to define a mineral resource.
American Lithium JV
Burro Creek Lithium Clay Project – Arizona USA
Maiden Mineral Resource Estimate pending for the Burro Creek project.
The partners have identified new lithium opportunities and are in the final stages of completion, to add these to the project portfolio. Bradda Head Holdings Ltd (“Bradda Head”) intends to seek the admission of its shares to London’s AIM Market (AIM). In this regard, Bradda Head has appointed Allenby Capital, as its Nominated Advisor and are working on the requisite documentation for this transaction.
Other Australian Projects
Analysis completed of 2,300 surface samples from the Develin Creek copper-zinc project in Queensland. Two new strong zinc anomalies (max 296ppm Zn) defined within the Rookwood Volcanic sequence, which is host to the Company’s existing massive sulphide copper-zinc deposits located 20km and 40km respectively to the north. Field follow-up planned.