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 Australia commences drilling at Mount Alexander iron ore project
Perth-based explorer and developer Zinc Co Australia (ASX: ZNC) has kicked off diamond drilling at the Mount Alexander magnetite iron ore project in Western Australia.
Two 500 metre diamond drill holes are planned to determine the width, grade continuity, and metallurgical performance of the mineralization, with the programme scheduled to take three weeks to complete.
The design of the holes is based on recently completed detailed geological mapping, aeromagnetic data and the extensive rock chip sampling reported previously. The holes will be collared at the base of the steep north west face of the BIF magnetite unit and drilled southeast at a shallow angle to traverse the full width of the mineralization, which is estimated to be up to 560 metres at surface.
Permitting has been completed for an additional six holes to allow for follow up resource definition drilling.
In November, the Company announced encouraging metallurgical results from partially oxidized surface samples. DTR tests returned concentrate grades to 69.8% Fe, 2.6% SiO2, 0.03% Al2O3, 0.01% P, and 28.2% mass recovery.
A further 324 rock chip results were reported on 19 November, with a total of 580 rock chips now been assayed.
The sampling shows consistent iron grade and low penalty element content in partially oxidised surface samples over the 6.5 kilometre strike of the outcropping segment of the BIF package.
The project is near the port of Onslow, 260 kilometres south west of Karratha and well located with respect to infrastructure.
Zinc Co listed on the Australian Securities Exchange in May 2007 with five projects in Western Australia. All of the projects have significant drill intercepts of zinc mineralisation at relatively shallow depth.
