Zenith Minerals has started maiden RC drill testing at the Snook copper prospect in Central Queensland.
The target is part of its Develin Creek copper-zinc project, which has an inferred mineral resource 2.57 million tonnes at 1.76 per cent copper, 2.01 per cent zinc, 0.24g/t gold and 9.6g/t silver.
Zenith said an initial program of six RC holes would be completed at Snook, with the deeper holes being cased for future downhole electromagnetic (EM) geophysical surveying.
“We have been systematically assessing the Develin Creek project for additional volcanogenic massive sulphide (VMS) deposits to add to our existing JORC resource inventory,” chief executive officer Mick Clifford said.
“VMS deposits commonly have very high in-ground values and generally occur in clusters.
“The Snook prospect is a compelling target and any success there has the potential to add significant value to the project and the company.”
Mr Clifford said exploration drilling activity at the company’s core gold and copper projects in Australia was at an all-time high.
“In addition to the drilling at Snook (Devlin Creek), the Board recently approved a major reverse circulation (RC) drill campaign to test the newly outlined 2km long gold target at the company’s 100 per cent-owned Split Rocks gold project in Western Australia,” he said.
“Drilling is also continuing at the Red Mountain gold project in Queensland, with pre-collars recently completed for follow-up diamond drill testing of the newly discovered high-grade gold zone.”
The Snook surface rock geochemistry signature is typical of a volcanic hosted massive sulphide (VMS) system.
Base metal and precious metal results at surface included 7.58 per cent copper, 0.48g/t gold, 7.8g/t silver, 0.16 per cent lead and 0.3 per cent zinc, the company said.