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ZENITH MINERALS LIMITED

ASX: ZNC

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Zenith Minerals Limited is a Perth based company focused on increasing shareholder value by the identification, exploration and development of base, industrial and precious metal deposits, principally in Australia.

At Mount Alexander in the west Pilbara, Zenith has defined a magnetite iron JORC reportable Inferred Mineral Resource estimate of 393Mt @ 29.5 Fe% and completed a positive scoping study on developing a mining and processing operation.

In the Earaheedy Basin, Zenith is exploring for high grade stratiform manganese in what could develop into a new manganese province.

The Cardinals Projects cover volcanic rocks with exploration potential for high grade base and precious metal volcanogenic massive sulphide deposits.

The Mt Minnie project, consists of two exploration licences, is situated approximately 240 km northeast of Carnarvon in Western Australia. The project has 7 existing gold prospects

The Develin Creek base metals project is located 70km north-west of Rockhampton in Central Queensland. It hosts several copper-zinc-gold-silver volcanic hosted massive sulphide (VHMS) deposits and covers an extensive belt of underexplored prospective volcanic rocks.

Kavaklitepe Gold Project - Turkey Zenith’s wholly owned subsidiary S2M2 Coal Pty Ltd has an exclusive option to earn up to a 70% interest in Canadian TSX listed Columbus Copper’s Kavaklitepe Gold Project located in western Turkey



Update: 11/09/2014

Zenith is advancing its project portfolio of high-quality, gold, base metal and manganese projects whilst building a superior project base of high-quality advanced exploration assets:

Kavaklitepe Gold Project, Turkey (ZNC earning 70%)

  • Recent (2013) grass roots gold discovery in Tethyan Belt – (“elephant” terrain)
  • Large, virtually drill-ready, high order gold soil / IP anomaly >1km strike
  • Rock chip traverses to 54m @ 3.33g/t gold, including 21.5m @ 7.2 g/t gold
  • Trenching and drilling (permitting in progress)

Develin Creek Copper-Zinc-Silver-Gold, QLD (ZNC initial 51%, option for 100%)

  • 3 known VHMS massive sulphide deposits with JORC resources, 50km of strike of host volcanics
  • 2011 drilling outside resource; 13.2 metres @ 3.3% copper, 4.0% zinc, 30g/t silver and 0.4g/t gold
  • Drilling to extend known deposits, geophysics, geochemistry to detect new targets

Mt Minnie Gold Project, WA (ZNC 100%)

  • 75km strike of major regional fault. Alteration, geochemistry, rock samples 64.2 and 21.5 g/t Au
  • Initial field assessment to follow-up and extend known prospects

Earaheedy Manganese (and Pb,Zn) Project, WA (ZNC 100%)

  • New manganese province discovered by ZNC, potential DSO drill intersections (+40%Mn)
  • Target area doubled with new acquisitions (RIO tenements, Blue Cliffs).
  • Mapping, sampling, drilling new ground, beneficiation tests, assess geophysical techniques

Mt Alexander Iron Ore, WA (ZNC 100%)

  • JORC magnetite Resource 535 Mt @ 30.0% Fe close to West Pilbara coast, 50% of target untested.
  • Seeking development partner/ buyer for project

Other

  • Divesting Indonesian coal project – Conditional offer received, US$500K +royalty US$1/t
  • Evaluating new project opportunities (acquire at bottom of the cycle)

Mine For

copper, zinc, gold, silver, magnesium, iron

Location of operation(s)

Western Australia, Queensland, Turkey

Australian Basins

Earaheedy

Address

PO BOX 1426
WEST PERTH, WA, AUSTRALIA

Phone

(08) 9226 1110

Email

Website


Last Updated

4/9/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.