May 11, 2020

Zenith gets drilling at ‘compelling’ gold target

Zenith gets drilling at ‘compelling’ gold target

Zenith Minerals has kicked off its maiden drill program at the Red Mountain gold project in Queensland.

The company says the 10 RC hole program will test compelling new gold target generated by Zenith’s exploration team.

The Red Mountain gold-silver project is located within about 100km of operating gold mines at Cracow and Mount Rawdon.

In relation to COVID-19, Zenith says the project area is located on a remote grazing property where Zenith’s crew and contractors will be isolated.

A zone of surface gold and silver mineralisation has been discovered at Red Mountain in a previously unrecognised felsic volcanic breccia complex.

It comprises flow banded rhyolite radial dykes, rhyolite ring breccia as well as granite and gabbro breccias, identified by Zenith’s field team during initial sampling which returned rock chip results up to 0.69 g/t gold and 114g/t silver.

Further field work returned highly encouraging gold and silver rock chip sample results of up to 2.01 g/t gold and 52.5 g/t silver about 800m north of the best results from initial sampling, Zenith says.

Systematic geochemical sampling outlined a large 2km by 1.5km zoned soil anomaly with peak soil gold result of 2.2 g/t gold.