Zenith Minerals has fired up its biggest drilling campaign at the company’s Consolidated Dulcie gold project in Western Australia. It has two rigs set to run 9000 to 12,000 metres of reverse circulation drilling, targeting resource growth beyond the project’s existing 302,000-ounce resource base.
The drilling assault aims to convert Zenith’s 300,000 to 800,000-ounce exploration target into a massive 1.1 million ounces of resource within the project’s near-surface mineralisation, 50 kilometres south of Southern Cross.
Zenith Minerals’ reverse circulation drilling at its Consolidated Dulcie gold project, near Southern Cross in Western Australia.
Cashed up from a fresh $7.65 million strategic capital raise at a price premium, the drills are set to turn well beyond the extensive phase two program. Management is also accelerating follow-up programs at the company’s recent exciting Red Mountain intrusion-related gold system (IRGS) discovery.
At the Consolidated Dulcie ground an existing 8.2 million tonne resource grading 1.2 grams per tonne (g/t) gold for 302,000 ounces of open-pittable resource lies in the Dulcie Far North prospect.
The company’s recent exploration now targets expansions at the Dulcie, Dulcie North and the Dulcie Far North ground.
Zenith says first assays from drilling will flow within a few weeks’ time and continue through to December.
Zenith Minerals managing director Andrew Smith said: “The recently defined exploration target gave us the confidence to tackle this aggressively and that’s what we aim to do, with a second rig set to arrive on site in a couple of weeks’ time. This is another significant milestone for the company in what is shaping up to be a transformative year.”
Phase one drilling at Dulcie wrapped up in August, revealing a tenth footwall lode at the prospect’s Far North area. Rig issues cut some holes short, prompting the follow-up phase two campaign, in which Zenith brought in better gear to retest its northern structural targets.
Dulcie North and the project’s southern extension will get their first systematic drilling to date, following the consolidated acquisition of 6km of gold structures at Dulcie.
