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Zenith Minerals (ASX: $ZNC) plans drilling to test gold & nickel targets

Exploration activities update at Hayes Hill Project


Zenith Minerals Limited (ASX: $ZNC) is set to commence drilling to test large new gold targets and nickel sulphide targets at the Hayes Hill Project in Western Australia. The project, originally secured for its lithium potential, has revealed high conviction gold drill targets and nickel sulphide drill targets. The Company is finalizing plans to conduct drill programs for both the gold and nickel targets.

Executive Commentary on Exploration Activities


Following a detailed review of all the surface samples recently collected by our teams across the Hayes Hill project area, I am very pleased to advise of planned drill programs to test new gold targets. These gold targets lie within one of the premier gold regions in the world, with multi-million-ounce gold endowment both to the north and south of the project area and active open pit gold mining on our western boundary. Our deeper auger drilling has, we believe, provided more robust geochemical anomalies than the historic surface soil sampling, resulting in these new drill targets. We'll also take this opportunity, whilst we have a drill rig in the area, to complete an RC hole to test the Green Bananas nickel sulphide target. I look forward to keeping you updated as these drill programs advance.

Summary of Exploration Activities and Outlook


Zenith Minerals Limited (ASX: $ZNC) is gearing up to conduct drilling to test large new gold targets and nickel sulphide targets at the Hayes Hill Project in Western Australia. The project, initially secured for its lithium potential, has unveiled compelling gold and nickel drill targets. The Company's Managing Director, Michael Clifford, expressed enthusiasm for the planned drill programs and highlighted the robust geochemical anomalies discovered through deeper auger drilling. The gold targets are located within a highly prospective gold region, while the nickel sulphide target shows promising signs based on geophysical and geochemical data. Zenith Minerals aims to keep stakeholders updated as the drill programs progress, indicating a proactive approach to exploration and potential future developments in the region.

ZENITH MINERALS LIMITED
ZNC | ASX | Materials
0.0480.001(+2.13%)
At close 05/07 (AEDT)
Market cap
$16.6M
Volume
81,964
DY Yield
0
PE Ratio
0
52 Week Range
0.046 - 0.2
1YR Return
-48.387%

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