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Zenith Minerals Limited ( (AU:ZNC) ) has provided an announcement.
Zenith Minerals has confirmed high-grade surface gold at its Auburn Gold Project in Queensland, with recent grab rock-chip samples returning grades of up to 7.96 g/t and earlier reconnaissance work yielding up to 23.3 g/t gold and defining multiple soil anomalies up to 600 metres in strike. The company plans infill soil sampling, further rock-chip work, mapping of historic workings, and an initial program of RC drilling within about six months, which could significantly advance understanding of what appears to be an intrusion-related gold system that remains largely untested at depth and may offer a broad, laterally extensive mineralised footprint.
The most recent analyst rating on (AU:ZNC) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Zenith Minerals Limited stock, see the AU:ZNC Stock Forecast page.
More about Zenith Minerals Limited
Zenith Minerals Limited is an Australian exploration company focused on gold projects, with a growing portfolio that includes the 100%-owned Auburn Gold Project in Queensland. The project lies within the underexplored Auburn Arc of the New England Orogen, an historic gold-producing district now being systematically reassessed using modern exploration techniques.
Average Trading Volume: 481,961
Technical Sentiment Signal: Hold
Current Market Cap: A$55.16M
For a thorough assessment of ZNC stock, go to TipRanks’ Stock Analysis page.