Zenith Minerals has struck gold in all six of the first holes assayed in a drill campaign designed to bridge a 600-metre gap between two key deposits at its flagship consolidated Dulcie gold project in Western Australia.
asserted
Minerals → strike → Australia
The initial results from a recently completed program include a notable 3-metre intersection grading 2.48 grams per tonne (g/t) gold from 130m, with the promising results hinting at the potential to bridge the gap and link the deposits.
asserted
results → complete → deposits
The drilling targeted the previously untested ‘Dulcie Central’ corridor, a stretch of ground sitting between the company’s Dulcie North and Dulcie deposits.
asserted
drilling → target → deposits
Management says the early success supports its geological theory that the prospective host sequence and the gold-bearing Dulcie shear zone extend continuously through the project’s hefty six-kilometre corridor.
asserted
sequence → say → corridor
Other significant intercepts include 4m at 1.3g/t gold, 6m at 0.93 g/t gold and 2m at 2.42g/t gold.
asserted
intercepts → include → gold
‘First results confirm gold mineralisation within the gap and support our geological interpretation.’Zenith
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results → confirm → interpretation
The drill program is aimed at growing the project’s existing 675,000-ounce gold resource.
asserted
program → aim → resource
However, with historical hits at the broader project already delivering stunners such as 32m at 9.4 g/t gold and 3m at 70 g/t gold, any success in proving up a continuous mineralised system could significantly enhance the project’s overall scale and pit economics.
uncertain
success → deliver → scale
Zenith has now completed all holes in the 4601m reverse circulation (RC) program and is awaitingassays from the remaining 25 holes.
asserted
Zenith → complete → holes
The company says it expects those results to land sometime in October.
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results → say → October
Zenith Minerals managing director Andrew Smith said: “Gold mineralisation in all six of the first holes at Dulcie Central is an encouraging start to the programme.
asserted
mineralisation → say → programme
This is previously untested ground between the Dulcie North and Dulcie deposits and these first results confirm gold mineralisation within the gap and support our geological interpretation that the prospective host sequence and Dulcie shear extend through Dulcie Central.”
asserted
sequence → confirm → Central
The positive results, which appear to be proving up the ground, come as corporate machinations unfold in the background.
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machinations → appear → background
An off-market scrip takeover by Forrestania Resources to scoop up Zenith and its Dulcie gold project for a reported $93.5 million remains ongoing as the particulars of the takeover are ironed out and its largest shareholders are mollified.
asserted
shareholders → scoop → takeover
The Consolidated Dulcie project sits within the Southern Cross–Forrestania gold belt and benefits from granted mining leases, shallow open-pit style mineralisation and proximity to regional processing infrastructure at Marvel Loch and Edna May.
uncertain
project → sit → Loch
Elsewhere, Zenith’s promising Red Mountain gold project in Queensland remains a tantalising early-stage gold system.
asserted
project → remain → Queensland
The company’s refocused diamond drilling at the project has now traced gold mineralisation beyond 700 metres vertical depth, reinforcing the continuity of a broad breccia-hosted intrusion-related gold system (IRGS).
asserted
drilling → refocus → system
Once all results are in for Dulcie, management says it will assess whether the drilling warrants a maiden mineral resource estimate for the central corridor tenement and a potential update to the existing resource at the adjacent Dulcie South.
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drilling → say → South
While takeover talks continue, Zenith appears focused on the task at hand - systematically testing the ground and adding ounces at Dulcie.
asserted
Zenith → continue → Dulcie
Proving up gold mineralisation across the 600-metre gap would be a compelling step forward and with a flood of assays just around the corner, the full picture of what lies between the Dulcie deposits is about to get a whole lot clearer.
asserted
what → prove → deposits
Is your ASX-listed company doing something interesting?
asserted
company → list → something
The Aporia
