Zeus Resources Ltd (ASX: ZEU) has provided an additional update and clarification regarding its exploration activities at the Mortimer Hills Project in Western Australia. The company has conducted two phases of drilling, namely Phase 1 and Phase 2, to assess the area's potential. During the phase 1 drill program, Zeus Resources completed an initial reconnaissance using shallow RC drills.
This program targeted the extensive pegmatite swarms, many visible at the surface, and spanned approximately 5 kilometers from the western side of the Mortimer Hills tenement to the southeast. The results of this phase were highly promising, leading the company to proceed with a more comprehensive phase 2 drill program, which has already received full permits. The upcoming phase 2 program will involve deeper drilling in areas identified as having significant lithium prospects based on the phase 1 drilling assay results.
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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.