Sep 30, 2019

Positive results at Tate River gold project

Positive results at Tate River gold project

Zenith Minerals is reporting encouraging assay results from fieldwork at the Tate River project, south-west of Chillagoe in North Queensland.

The project is located close to two known intrusion related gold deposits, with the Mungana/Red Dome gold deposit and Mountain Maid gold deposit both lying within 50km to the north-east.

Zenith says recent mapping and sampling at the Far North prospect at Tate River outlined gold-rich quartz vein breccias and sheeted quartz vein zones over 1.2km of strike, and widths up to 13m – with individual spot samples grading up to 0.86 g/t gold.

In a report to the ASX, the company said sampling along strike from the historic Big Reef gold prospect defined gold-rich quartz veins over 4km of strike.

New gold and silver results from Zenith sampling returned up to 1.59 g/t gold and 74.3 g/t silver.

Full report HERE

Zenith has the opportunity to earn up to a 70 per cent interest in the Tate River gold project from private company Jumani.