Zenith Minerals reports gold intersect in all 14 Dulcie Central drill holes

Elsewhere, Zenith has a foothold on the promising Red Mountain gold project in Queensland, where previous drilling included a whopping 139.7m at 1.05g/t gold from 225m, which featured a richer 2-metre core assaying 21.03g/t gold within a broader 14.2m section grading 4.62g/t gold. Drilling has since traced gold mineralisation beyond 700m vertical depth, reinforcing the continuity of a broad intrusion-related gold system.

The company also holds a 25 per cent free-carried interest at the emerging Earaheedy zinc project north-east of Wiluna in WA, alongside an indirect 26 per cent stake in the historic Cowarra gold project south of Canberra in New South Wales. Rounding out the portfolio, its Split Rocks lithium project in WA showcases an inferred JORC resource of 11.9Mt grading 0.72 per cent lithium oxide.

With assays for 24 of the 34 holes back from the lab, attention is likely to turn to the final 10 holes, also all drilled within the promising 600-metre Dulcie Central corridor.

The company expects a batch of results in late October, completing the final piece of the puzzle needed to assess a potential maiden mineral resource for the target area. A positive outcome could see Zenith stitch together the Dulcie North and Dulcie deposits into one much bigger, continuous orebody.

With a 100 per cent hit rate so far in the critical gap zone and a history of high-grade hits in the area, the market will likely be keenly awaiting that final newsflow, which could potentially set the stage for Zenith to clock a significant resource upgrade at the already well-endowed project.

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