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Zenith Minerals intersects thick high-grade gold in Kavaklitepe drilling

The new results of up to 16 metres at 5.2 g/t gold support previous high-grade assays.

The Kavaklitepe Gold Project is in western Turkey

Zenith Minerals Ltd (ASX:ZNC) has intersected thick high-grade gold mineralisation in a 15-hole reverse circulation (RC) drilling program at its Kavaklitepe Gold Project in Turkey.

Results from the initial 4-metre composite assays have defined gold mineralisation over the length of the 900-metre-long Kuzey prospect, one of three gold-mineralised zones within the project.

High-grade gold assays

Highlighted intercepts are: 24 metres at 4.15 g/t gold, including 16 metres at 5.2 g/t; 28 metres at 2.78 g/t, including 8 metres at 6.01 g/t; 32 metres at 1.28 g/t, including 4 metres at 3.2 g/t; and 8 metres at 2.45 g/t, including 4 metres at 3.33 g/t.

Continuous surface rock samples taken along access tracks constructed for the RC program also returned substantial gold mineralisation.

Rock sample assays include: 10 metres at 12.2 g/t; 44 metres at 3.37 g/t; 15 metres at 10.10 g/t; and 6.5 metres at 5.18 g/t.

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Individual 1-metre samples of the 4-metre composite intervals have been submitted for analysis with results expected by mid-January.

Zenith anticipates the mineralised intervals from the 1-metre samples may be higher in gold grade but narrower than those reported in the broader 4-metre composites.

Exploration and evaluation of Kavaklitepe is managed by Teck Anadolu Madencilik Sanayi v. Ticaret AS (Teck).

Teck is a Turkish affiliate of Teck Resources Ltd (NYSE:TECK) through the Turkish joint venture company Kavak Madencilik AS which is 30%-owned by Zenith.

Both Teck and Zenith have agreed to contribute their respective 70% and 30% shares of joint venture funds towards the drill program to maintain their project interests.

Quick facts: Zenith Minerals Ltd

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Market: ASX
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