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Zenith Minerals (ASX:ZNC) reports high-grade Zn-Pb mineralisation at Earaheedy Project

Highlights 

  • Zenith Minerals has declared results from 51 RC holes and 2 sonic holes at the Chinook prospect of Earaheedy discovery.
  • Further high-grade results have been received, including high-grade Zn-Pb mineralisation at Sonic twin drill holes.
  • Drilling has been continuing at Navajoh and Magazine Prospects to define mineralisation limits.

Zenith Minerals Limited (ASX:ZNC) continues to receive excellent results at the Earaheedy Zinc Project, which it operates as a joint venture with partner Rumble Resources Limited (ASX:RTR).

A string of exploration activities at the project has resulted in a significant increase in the mineralisation envelope at the project. Continuing the successful run, RTR and ZNC have received another set of encouraging results from the exploration work at Earaheedy’s Chinook Prospect.

RELATED ARTICLE: Zenith Minerals (ASX:ZNC) intersects massive sulphides at Snook Target

Encouraging intercepts received at Chinook prospect

Lately, substantial new assay results have been received and compiled from the ongoing 40,000m drilling program at the quickly developing Chinook prospect. Results from 51 RC holes and 2 sonic holes have been received that are a part of the continuing drill scoping of the Chinook Zn–Pb Prospect.

The Zn–Pb mineralised zone at the Chinook Prospect has continued to grow with around 44% growth in size over the recently declared expansion. The zone is now 4.1km x 1.9km in size and remains open in all directions.

Recent RC and Sonic drilling results from Chinook Prospect (Source: ZNC Announcement 18/10/21)

Image Description: Recent RC and Sonic drilling results

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Some of the RC drill results (>2% Zn + Pb Cut Off) are:

Moreover, high-grade Zn-Pb mineralisation has been intersected in RC drilling at the Sonic twin drill holes, with drill results including the following:

  • 19m @ 6.10% Zn + Pb, 8.52 g/t Ag from 55m (EHS002)
  • 2m @ 4.32% Zn + Pb, 4 g/t Ag from 67m (EHS001)

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Ongoing drilling at Navajoh & Magazine

Besides this, drill scoping has been underway at the Navajoh and Magazine Prospects with an aim to define mineralisation limits and target new discoveries along 17km of open mineralised strike.

The exploration work has helped in confirming new styles of Zn-Pb mineralisation across several prospective mineralised horizons. Moreover, the proposed 40,000m drill program is likely to be increased with an expansion in the size of the mineralised footprint.

Prospect Location at Earaheedy and Simplified Geology Plan

Prospect Location and Simplified Geology Plan (Source: ZNC Announcement 18/10/21)

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In addition to the Earaheedy Joint Venture with RTR, ZNC controls around 100km of Zn-Pb prospective host rock sequences in the Earaheedy Basin through fully owned exploration licence applications.

Besides its holding in RTR, ZNC also has significant stakes in Bradda Head Holdings Limited, American Rare Earths and Nickel-X Limited.

Bottom Line

The Chinook discovery has continued to expand with additional high-grade Zn-Pb intercepts and a significant increase in the mineralised footprint. With work at the project continuing in full swing, all eyes remain on the upcoming developments and actions of ZNC and RTR.

VIDEO INTERVIEW: Expert Talks With Kalkine || Mr Peter Bird, Executive Chairman of Zenith Minerals 

ZNC stock was noted at AU$0.235 on 18 October 2021.

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