Oct 13, 2020

Zenith outlines high-grade zone at Red Mountain

Zenith outlines high-grade zone at Red Mountain

Zenith Minerals says work completed at Red Mountain has outlined a discrete sub-vertical high-grade gold zone.

This high-grade gold zone remains open at depth and future programs will commence step-out drilling to assess size potential.

New 1m resample results include 15m at 3.5 g/t gold including 2m at 22.4 g/t gold.

“We are very pleased that our drilling to date has outlined a coherent high-grade gold zone on the western flank of the Red Mountain breccia pipe,” chief executive officer Mick Clifford said.

“The western high-grade zone provides a clear target for further follow-up work. “The next round of drilling commences step-out and infill drilling on the western zone.

“This work includes pre-collars for an initial two diamond drill holes that will give us a first look at the gold mineralisation in drill core, an important step in confirming the orientation and controls on the high-grade gold, before committing to future much deeper step-out drilling to test the size of the gold system.

“In addition, we will complete a further 4 RC drill holes as an initial test of the north eastern target zone”

The Red Mountain gold-silver project is located within about 100km of operating gold mines at Cracow and Mount Rawdon.