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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	ZNC
Latest Price:	0.40 (0.00%)
52-week High:	0.69
52-week Low:	0.29
Market Cap:	32.52M

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Zenith Minerals

Zenith Minerals (ASX: ZNC) is a Perth based company focused on the identification, exploration and development of base, industrial and precious metal deposits, principally in Australia.

Zenith Minerals has discovered significant magnetite iron at the Mount Alexander prospect and high grade manganese in the Earaheedy Basin, both in Western Australia. The company continues to explore for base and precious metals on its Conquistador/Snake Well and Cardinal's Projects.

Zenith Minerals owns 100% of all minerals at the Earaheedy and the Horse Spring projects, 100% of all minerals other than tungsten and molybdenum at Mount Alexander and has the right to earn up to 75% of the Conquistador and Cardinal's Projects from Giralia Resources NL.

On 11 March 2010, the company announced an Exploration Target at the Mount Alexander Prospect, within E08/1410, of 0.6 to 1.2 billion tonnes at between 25% and 35% iron.

Zinc Co reveals more results from Mount Alexander iron ore project in WA

Thursday, November 19, 2009

Zinc Co Australia (ASX: ZNC) has released further positive results from the company’s Mount Alexander iron ore project near the Port of Onslow in the West Pilbara region of Western Australia.

Further rock chip results from the project confirm extent of mineralisation, with an additional 324 surface rock chip assays received.

The average values from all 580 samples to date are 34.0% Fe 48.0% SiO2 0.6% Al2O3 0.1% P 0.0% S.

The sampling shows consistent iron grade and low penalty element content over the 6.5 kilometre of outcrop of the Mount Alexander BIF package, while sampling across strike showed the same consistency over widths up to 400 metres.

News of the results saw the share price of Zinc Co increase 4.3% to 12c.

Zinc co-chairman Gary Comb said the rock chip sampling program had demonstrated the consistent iron grade and low penalty element content over the 6.5 kilometre outcropping section of the Mount Alexander banded iron formation.

"Sampling across strike has shown the same consistency in widths up to 400 metres," Mr Comb said.

"This increases our confidence in that the project has potential for very large tonnages of magnetite iron ore.

"Permitting for drilling to confirm this potential is well advance, with an aboriginal heritage survey scheduled in around three weeks time."

The project is located near the port of Onslow, 260 kilometres south west of Karratha.

In October, the company announced the discovery of a 9.8 km long zone of banded iron formation (BIF) with widths up to 560 metres and reported 265 analyses of BIF rocks.

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