- Zenith Minerals (ZNC) begins drilling at the Waratah Well lithium project in Western Australia
- The company will drill four reverse circulation (RC) holes to follow up on an initial drilling program which tested a zone of outcropping lithium-tantalum rich pegmatite dykes
- Up to 0.3 per cent lithium was intersected and the area is considered a priority for the new program to test for pegmatites
- Drilling is expected to take three weeks to complete with results expected four to six weeks after that
- Shares in Zenith are up 2.78 per cent and are trading at 37 cents at 1:38 pm AEST
Zenith Minerals (ZNC) has begun drilling at the Waratah Well lithium project in Western Australia.
The four-hole reverse circulation (RC) drilling program is following up on an initial RC program which included seven holes that tested a zone of outcropping lithium-tantalum rich pegmatite dykes.
The initial drilling confirmed the presence of widespread lithium-bearing pegmatite dykes over four-kilometre zone.
Individual holes intersected strongly anomalous lithium with results of 12 metres at 0.3 per cent lithium oxide and eight metres and 0.22 per cent lithium oxide.
The company considers this area to be a priority for testing and the follow-up RC drilling program will test a further two by 1.5-kilometre area for pegmatites.
Drilling is expected to take three weeks to complete with results expected four to six weeks after that.
“It is extremely pleasing to see another drilling program running at Waratah Well to
follow up the encouraging results that were delivered from the last campaign, undertaken in January of this year,” Executive Chairman David Ledger said.
“This, coupled with the planned program to accelerate exploration activity at Split Rocks, demonstrates the continued commitment of our joint venture partner, EV Metals Group, to extensively explore across both our lithium projects pursuant to the agreement executed in January 2022.”
Shares in Zenith were up 2.78 per cent and were trading at 37 cents at 1:38 pm AEST.