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.