Zenith Minerals (ASX:ZNC)has commenced drilling has commenced at the Hayes Hill Project, located in the Norseman – Widgiemooltha area of Western Australia to test both gold and nickel targets.
The project, originally secured for its lithium potential, delivered new high conviction gold drill targets and as well as nickel sulphide drill targets. The nickel sulphide RC drill test is an obligation of the Hayes Hill project - option agreement. The market will be updated once assay results are received.
“I’m pleased to announce that drilling has now commenced to test gold and nickel targets on the Hayes Hill project in Western Australia. This large-scale gold drill target is located between the major active gold mining districts of Norseman and Higginsville in the Eastern Goldfields. We are pleased to be conducting this drill campaign during a period of a strong gold price," Managing Director Michael Clifford said.
"We will also undertake an RC drill test of the Green Bananas nickel sulphide target. This is at a time where the nickel market has shown significant resilience with a rapid rebound in the nickel price. Both the nickel and gold targets are highly compelling and we look forward to keeping you updated as these drill programmes advance.”
The Hayes Hill Project is situated between the multi-million-ounce gold districts of Central Norseman (ASX:PNR) and Higginsville, with Karora Resources Limited actively mining gold at the Pioneer open pit just outside the western boundary of the project area. Gold ore from the Pioneer pit is being hauled to Karora’s processing plant at Higginsville, via a haul road that cuts through the northwest corner of the Hayes Hill project tenure.
Two new gold drill targets were announced by Zenith that show surface geochemical sampling, by the company, outlined new large high-order anomalies, each approximately 2.5km in length. The anomalies contain both strong gold and associated pathfinder elements including: silver, arsenic, molybdenum, antimony, bismuth, tellurium and tungsten. The new anomalies have come about due to recent auger drilling by the Company that is deemed a more suitable technique for geochemical screening in the project area, than historical soil sampling, due to parts of the project area containing transported surficial cover not suited to soil sampling.
