Zenith Minerals' Red Mountain emerging as a potential Mt Wright-style deposit

February 19, 2025 11:00 AM AEDT | By Team Kalkine Media

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Zenith Minerals' Red Mountain emerging as a potential Mt Wright-style deposit — Image source: shutterstock

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Highlights

Zenith Minerals' Red Mountain project exhibits characteristics of an intrusion-related gold system, drawing comparisons to the Mt Wright deposit.

A geological review has identified significant mineralization, with breccia-hosted gold and deeper zones containing additional metal occurrences.

Ongoing exploration efforts include deep diamond drilling and geophysical studies, supported by a grant application to enhance discovery efforts.

The Red Mountain project, operated by Zenith Minerals (ASX:ZNC), is gaining attention within the mineral exploration sector. Located in Queensland, the project has geological characteristics aligned with known gold systems in the region. An independent technical review has outlined key geological markers indicative of extensive mineralization, drawing industry interest in its development.

Geological Review and Structural Analysis
An in-depth assessment by geological consultancy RSC has provided insights into the system's structure. The review indicates that Red Mountain contains features consistent with vertically extensive mineralized systems, typically associated with significant resource deposits. Detailed geochemical and geophysical evaluations support this assessment, emphasizing structural components linked to mineralized zones.

Exploration and Drilling Developments
Zenith Minerals has conducted comprehensive drilling, identifying mineralized breccia zones and deeper formations containing multiple metals. The findings highlight extensive mineralization from various depths, reinforcing the geological significance of the project. With a focus on deeper sections of the mineral system, exploration efforts continue to assess its extent.

Strategic Drilling Plans
Future exploration activities include deep diamond drilling along key breccia structures, with a focus on expanding knowledge of mineralization beyond previously explored depths. Additional geophysical studies aim to provide further clarity on the system’s characteristics. A grant application has been submitted to the Queensland Government to accelerate these studies and facilitate further discovery efforts.

Funding and Project Advancement
Securing external funding would enhance exploration efficiency by supporting technical studies and mineralization analysis. Optimizing expenditures while advancing the assessment of geological structures remains a priority in ongoing development strategies.

Expansion in Regional Projects
Alongside Red Mountain, Zenith Minerals continues to explore other assets, including the Dulcie Far North gold project. The company remains focused on further geological assessments across its portfolio to expand its understanding of mineral systems in the region.

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