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Staff Writer

Zenith Minerals Limited (ASX: ZNC) has identified 12 high-priority gold drill targets at its 100% owned Split Rocks project in Western Australia.

The 12 targets were uncovered targets in the north-eastern sector of the Split Rocks project during a major targeting exercise by the company’s geological team over the past six months.

The study involved integrating geological, geophysical and geochemical data sets from Zenith’s exploration activities as well as historic exploration programme that were generally conducted more than 20 years ago when the gold price was significantly lower than today.

The targeting study has identified several, large, high-order geochemical anomalies (defined by historic auger sampling max value 300ppb Au and a mix of Zenith and historic shallow RAB & aircore drilling) that have never been or were poorly drill tested.

The company said the anomalies are in several cases coincident with major fault structures and geological contacts that contain significant gold mineralisation along strike.

These eight targets require first pass aircore drill testing, whilst a further four targets (require follow-up RC drilling to test poorly explored open-ended gold zones such as 2m @ 6.5 g/t Au).

Planning for the larger scale programme of aircore drilling to test these targets is underway.

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