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Zenith Minerals Limited ( (AU:ZNC) ) has shared an announcement.
Zenith Minerals has reported new deep diamond drill results from its 100%-owned Red Mountain Gold Project in Queensland, confirming a large, vertically extensive intrusion-related gold system extending beyond 700 metres. Recent holes ZRMCD067 and ZRMCD073 intersected broad zones of continuous gold mineralisation within a breccia corridor, with mineralisation remaining open at depth and along strike.
The company has used new 3D geochemical modelling to define vectors toward higher-grade, intrusion-proximal zones, refining its understanding of the rhyolite feeder and sill geometry. On the back of these results, Zenith is planning a ~3,000 metre reverse circulation drilling program to test lateral extensions of the breccia system, newly identified geochemical target zones, and priority geophysical anomalies, potentially enhancing the project’s scale and economic appeal for stakeholders.
The most recent analyst rating on (AU:ZNC) stock is a Hold with a A$0.07 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 mineral exploration company focused on gold assets, with its flagship Red Mountain Gold Project located in Queensland. The company targets large-scale intrusion-related gold systems in Tier-1 mining provinces, aiming to delineate significant gold resources through systematic drilling and advanced geological modelling.
Average Trading Volume: 554,905
Technical Sentiment Signal: Sell
Current Market Cap: A$40.2M
Find detailed analytics on ZNC stock on TipRanks’ Stock Analysis page.