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- Zenith Minerals (ZNC) has commenced drilling at the new Snook copper prospect located at its Develin Creek project in Queensland
- The drilling program includes six reverse circulation holes and will only take one week to complete
- Deeper holes will be cased for future down hole electromagnetic geophysical surveying
- Once drilling has been completed, results of the program are expected in three weeks
- On market close, Zenith is in the grey and trading for 14 cents per share
Zenith Minerals (ZNC) has commenced drilling at the new Snook copper prospect located at its Develin Creek project in Queensland.
The drilling program includes six reverse circulation holes and will only take one week to complete.
Additionally, deeper holes will be cased for future downhole electromagnetic geophysical surveying.
The Snook prospect is located 30 kilometres south of Zenith’s current defined polymetallic JORC resources.
CEO Mick Clifford is pleased to commence drilling at Snook.
“We have been systematically assessing the Develin Creek project for additional volcanogenic massive sulphide (VMS) deposits to add to our existing JORC resource inventory,” he said.
“VMS deposits commonly have very high in-ground values and generally occur in clusters. The Snook prospect is a compelling target and any success there has the potential to add significant value to the project and the company,” he added.
Once drilling has been completed, results of the program are expected in three weeks.
Previous rock chip sampling at the prospect included 7.58 per cent copper, 0.48 g/t of gold, 7.8g/t silver, 0.16 per cent lead and 0.3 per cent zinc.
On market close, Zenith is in the grey and trading for 14 cents per share.
