Dec 07, 2020

Copper-zinc rich massive sulphides intersection at CQ prospect

Copper-zinc rich massive sulphides intersection at CQ prospect

Drilling at Zenith Mineral’s Snook prospect in Central Queensland has intersected copper rich sulphides.

The maiden seven-hole drill program is part of the company’s Develin Creek volcanic hosted massive sulphide system (VMS) project.

The Snook prospect contained similar levels of copper, zinc, lead, silver and gold to those in Zenith’s existing JORC resource inventory 30km to the north said CEO Mick Clifford.

“VMS deposits commonly have very high in-ground values and generally occur in clusters,” said Mr Clifford.

“The discovery of massive sulphides at the Snook prospect validates the cluster theory and highlights the potential of the company’s land package at Develin Creek.

“The Company controls a 50km long lease holding containing the prospective host rocks.

“This massive sulphide intersection is an exciting development for the project area and elevates the Develin Creek copper-zinc project for high-priority follow-up.”

This program tested only 200m of strike with very encouraging results, including three metres of massive and semi-massive sulphides at 20m depth in the northern most drill hole, Mr Clifford said.

“Our strategy is focussed primarily on gold and copper,” he said. “With activity in Australia continuing at three of the Company’s wholly owned projects. “

The Snook prospect is located 30km south of Zenith’s current defined polymetallic JORC resources within the Company’s wholly owned Develin Creek Project.

This new ‘greenfields’ prospect result is the most significant massive sulphide intersection and best base metal interval recorded to date, within the project area, outside of the existing defined JORC resources.

Follow-up geophysical surveying and drilling is planned for early 2021 to better understand both the host rock and mineralisation orientations.