Zenith Minerals Limited (ASX:ZNC) has observed pegmatites during recent site reconnaissance at the Split Rocks Lithium Project in WA. The company is conducting ground reconnaissance and targeted rock chip and soil sampling in preparation for proposed gold and lithium RC drilling programs at its 100%-owned Split Rocks tenement package in Western Australia.
Zenith's Managing Director, Andrew Smith, highlighted the significance of the pegmatite observations, emphasizing the potential for additional exploration and resource growth adjacent to the existing Rio JORC Resource. The company's increased focus on gold exploration and development aligns with its strategy to position itself as a multi-project gold producer while maintaining strategic lithium assets for future market conditions.
The observation of pegmatites at the Split Rocks Lithium Project expands the potential footprint of known lithium mineralisation, offering new opportunities for additional exploration and resource growth. Zenith's portfolio, including the Dulcie Far North gold prospect and the Split Rocks Lithium Project, positions the company to benefit from both gold and lithium market dynamics. With over 80 identified lithium targets at Split Rocks, the company aims to maximize the value of its assets and capitalize on available resources across multiple commodity cycles.