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Zenith Minerals (ASX:ZNC) - CEO, Michael Clifford
CEO, Michael Clifford
Source: Master Investor
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  • Zenith Minerals (ZNC) new drilling results have extended and confirmed new gold zones at the Split Rocks gold project in Western Australia
  • The results are from the second phase of reverse circulation drilling program, which included 32 holes for 2793 metres
  • Drilling results include four metres at 9.3 g/t of gold
  • Zenith is now in progress of planning an additional follow-up drilling and is attempting to secure an aircore rig
  • On the market this afternoon, Zenith is up 12.5 per cent and is trading at 13.5 cents per share

Zenith Minerals (ZNC) new drilling results have extended and confirmed new gold zones at the Split Rocks gold project in Western Australia.

The drilling results are from the second phase of reverse circulation (RC) drilling program, which included 32 holes for 2793 metres.

Drilling results include 4 metres at 9.3 g/t of gold and 12 metres at 2.5 g/t of gold, including four metres at 5.6 g/t of gold.

Split Rocks is located within the Southern Cross region in the Forrestania greenstone belt, halfway between Perth and Kalgoorlie.

“We have now validated a number of real mineralised prospects on the Split Rocks
property, firstly there is a very extensive mineralised zone extending for at
least 2 kilometres and down to approximately 140 metres in depth at the Dulcie Laterite Pit shear zone area,”Chairman Peter Bird said.

“Secondly this is now supported by some great new drill results to the north (Dulcie North) and to the west (Water Bore area),” he added.

Zenith is now in progress of planning an additional follow-up drilling and is attempting to secure an aircore rig.

“Drilling activity is set to continue on this property, and we feel optimistic that we will now be able to develop a resource,” Peter told the market.

On the market this afternoon, Zenith is up 12.5 per cent and is trading at 13.5 cents per share at 1:45pm AEDT.

ZNC by the numbers
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