Business · Companies · 1 hr ago

Zenith finds gold across Dulcie Central corridor in Western Australia

Zenith finds gold across Dulcie Central corridor in Western Australia

Zenith Minerals found gold in 20 of 24 holes drilled at its Dulcie Central prospect in Western Australia.

The prospect lies in a 600-metre gap between the company’s Dulcie North and Dulcie deposits, and is outside the project's current 675,000-ounce resource.

Results included five metres grading 1.59 grams of gold per tonne, with a higher-grade section within that interval.

Zenith will assess whether the findings can support a first mineral resource estimate for Dulcie Central.

It is also preparing an 850-hole infill program to test several prospects and improve confidence in the geology, but the plan still needs approvals, funding and other arrangements.

Forrestania Resources now holds a 61.42 per cent stake in Zenith and aims to include its gold assets in a broader Western Australian mining strategy.

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Andrew SmithZenith Minerals managing director
These results complete our first drilling programme at Dulcie Central, where 20 of 24 holes intersected gold in an area not included in our existing 675,000 oz Mineral Resource.
via SMH
Our focus now turns to assessing the potential for a maiden mineral resource at Dulcie Central.
via SMH