Zenith Minerals has estimated a maiden gold resource at its Dulcie Far North Prospect, within the company’s Split Rocks Gold Project, located in the Southern Cross-Forrestania Greenstone Belt of Western Australia.
The Maiden Inferred Mineral Resource estimate for the Dulcie Far North Project at a 0.5 g/t gold cut-off is 3.4 million tonnes at 1.4 g/t gold for 150,000oz.
Zenith acquired the granted Dulcie Far North Mining Lease in January 2023 and owns 100 per cent of the gold rights below six metres and all other mineral rights, including lithium from surface.
The mineral resource has the potential for expansion within identified drill section gaps, along strike to the north and at depth along with potential for parallel structures within Zenith’s tenure.
Zenith said it is planning to expand the resource with further infill and step out reverse circulation drilling and is actively engaging with various parties to assist in pit optimisation studies plus Ore Reserves calculations within the granted Dulcie Far North Mining Lease.
Zenith Executive Chair, David Ledger, said, “We are excited to report this maiden Mineral Resource within our 100 per cent owned land, in line with our expectations, scheduled timeline and budget that now allows us to look at monetising this strategic gold asset for the benefit of Zenith shareholders.”
