Zenith Minerals Limited (ASX: ZNC) has reported highly encouraging results from its recent reverse circulation drilling at the Red Mountain Gold Project in Queensland. A total of 1,809 meters were drilled across 11 holes, uncovering significant gold intercepts, including 23m @ 1.49 g/t Au and 4m @ 4.45 g/t Au. The program also confirmed the reliability of geophysical IP modeling as a targeting tool and highlighted geochemical pathfinders consistent with an intrusion-related gold system.
Key findings include anomalous molybdenum and other elements suggesting proximity to the magma source driving the system. Zenith plans to advance exploration with a deep diamond drilling program in 2025 to test the breccia system further. Managing Director Andrew Smith expressed optimism about the strong mineralisation and geochemical pathfinders, positioning the project for significant discoveries analogous to nearby gold systems such as Mt Wright and Mt Rawdon.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
