Zenith Minerals has revealed its plans for stepped up exploration activity at three keys sites this year – including two Queensland projects.
It plans more than 1500m of diamond drilling, 5000m of RC drilling,
6000m of aircore drilling and more than 5000 soil samples.
Most of this work is anticipated to occur in the first half of the year.
“Zenith is undertaking a multifaceted approach in evaluating its project portfolio,” executive chairman Peter Bird said.
“This work is heavily weighted toward our three more advanced wholly owned core projects where we believe that the probability of material commercial success is the greatest.
“In addition, there are a suite of feeder projects which provide very good follow-on opportunities.”
As an example of these “feeder” projects, he highlighted the Auburn zinc project.
The company has recently been granted a new exploration permit for minerals located about 80km south of its Red Mountain gold project.
It plans to take about 2000 soil samples at Auburn, with associated geological mapping and rock chip sampling.
Zenith said ongoing exploration activity at the Red Mountain project was continuing to provide highly encouraging high-grade gold drill assay results.
Meanwhile it views the Develin Creek project as a very high order VMS style copper–base metals target spanning over 50km strike length.
Develin Creek already has an inferred mineral resource (JORC 2012) of 2.57 million tonnes at 1.76 per cent copper, 2.01 per cent zinc, 0.24g/t gold and 9.6g/t silver.