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Source: Zenith Minerals
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  • Zenith Minerals’ (ZNC) latest assay results have defined a ‘plunging high-grade’ shoot at its Red Mountain Gold Project in Queensland
  • The fresh finds come as the company undertakes ongoing exploration activities at its wholly-owned project
  • Notable results from two diamond drill holes include 21 metres at 1.9g/t gold including two metres at 10.8g/t gold, 1.3 metres at 5g/t gold and three metres 2.4g/t gold
  • ZNC said it will be bringing a drill currently stationed at its Creek Copper-Zinc Project to Red Mountain to commence follow-up drilling
  • Zenith Minerals shares closed the day in the grey at 27.5 cents

Zenith Minerals’ (ZNC) latest assay results have defined a ‘plunging high-grade’ shoot at its Red Mountain Gold Project in Queensland.

The fresh finds come as the company undertakes ongoing exploration activities at its wholly-owned project, with drilling to date said to have outlined a sub-vertical shallow north-east plunging high-grade gold zone to a vertical depth of 200 metres.

The explorer has received new gold assay results from two diamond core holes, yielding intercepts of 21 metres at 1.9g/t gold including two metres at 10.8g/t gold, 1.3 metres at 5g/t gold and three metres 2.4g/t gold.

According to Zenith, the gold mineralisation has been intersected 80 metres below the previous intersection of five metres at 10.4g/t gold, defining a shoot some
250 metres long and open.

Diamond drilling at the programme is ultimately hoped to fuel a potential resource definition, with a drill currently situated at the company’s Creek copper-zinc project to be returned to Red Mountain to commence follow-up testing.

Red Mountain Chairman Peter Bird commented on the results.

“Another solid high-grade drill intersection at Red Mountain on the north western flank in hole 042 firms up the location of the high-grade gold shoot which is now shown to be plunging to the northeast,” he commented.

Zenith Minerals shares closed the day in the grey at 27.5 cents.

ZNC by the numbers
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