Aug 03, 2020

Silver adds value to Red Mountain project

Silver adds value to Red Mountain project

Zenith Minerals has reported high-grade gold and silver in resample results from the Red Mountain project in Central Queensland.

It comes as an RC drill rig works on site on a full-time basis, following up on positive results returned in the recent maiden drill program.

“Assay results from new 1m samples from the maiden drilling resample are very pleasing and confirm the high tenor of gold mineralisation at Red Mountain previously reported, whilst the new high-grade silver results add further value to this exciting project,” chief executive officer Mick Clifford said.

The new gold assays from 1m resampling of mineralised composites confirm high-grade near surface gold intersections, and multi-element assays return high silver grades from the maiden drill program including: 

  • 13m at 8.0 g/t gold and 3.2 g/t silver from surface (previously reported as 14m at 5.5g/t), including 6m at 16.7 g/t gold and 5.3g/t silver (previously reported as 6m at 12.3g/t)
  • 5m at 3.5 g/t gold and 54.3 g/t silver from 64m, including 2m at 8.0 g/t gold and 109.4 g/t silver.
  • High-grade gold assays peak at 58.3 g/t gold whilst silver results peak at 160 g/t silver for individual 1m samples.