Sign up Australia
Proactive Investors - Run By Investors For Investors

Zenith Minerals extends focus to cobalt at Split Rocks project

New mineralisation is identified in a review of previous exploration.
Table of elements
Zenith reached a 12-month high of $0.20 in morning trade

Zenith Minerals Ltd (ASX:ZNC) has extended its focus on lithium and gold to include cobalt at the Spilt Rocks project in Western Australia.

The company is planning a near-term exploration program to define the full extent and grade of cobalt-nickel mineralisation at the Dulcie prospect.

This will include drill testing, which is expected to begin in the early part of 2018.

Review reveals cobalt intersections

The mineralisation was revealed during an ongoing review of previous exploration on Zenith’s recently granted Split Rocks project.

Drilling by Forrestania Gold in 1998 returned strong cobalt and nickel intersections.

Best of these historical drill results was 22 metres at 0.06% cobalt and 0.7% nickel from 18 metres, including 8 metres at 0.12% cobalt and 0.96% nickel.

Other results were 21 metres at 0.06% cobalt and 0.49% nickel from 25 metres, including 5 metres at 0.13% cobalt and 1.78% nickel; and 15 metres at 0.06% cobalt and 0.54% nickel from 32 metres.

Ongoing lithium exploration

Zenith began exploration of the Split Rocks project in 2017 with ongoing programs focusing on the lithium and gold potential.

First pass surface samples covering less than 10% of the company’s tenements have defined three large, coherent zones of anomalous lithium.

These surround granite bodies that may be potential source rocks for lithium-bearing pegmatites.

As the lithium soil anomalies remain open ended in the north and central targets, additional extension and infill sampling will be completed in early 2018 before drill testing.

View full ZNC profile View Profile

Zenith Minerals Ltd Timeline

Related Articles

August 10 2018
An open‐cut strategy remains the current focus with a scoping study underway at Theta Hill.
Checking a Redmoor core sample
May 11 2018
The Redmoor project's inferred resource has 45,000 tonnes of contained tin equivalent.
cobalt on the periodic table
March 06 2018
Avondale is 13km from the company’s Fifield Project in New South Wales and previous exploration work focused on whether the deposit was rich in platinum group metals.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use