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Zenith Minerals Limited ( (AU:ZNC) ) has provided an announcement.
Zenith Minerals has completed the acquisition and registration of Mining Lease M77/599, securing a central 600-metre untested strike zone within its Consolidated Dulcie Gold Project in Western Australia. The lease sits between the Dulcie North and Dulcie deposits, consolidating Zenith’s control over the six-kilometre Dulcie mineralised corridor for the first time.
By filling this strategic gap, Zenith believes it has one of its highest-priority near-resource growth targets, with potential to link existing mineralisation and materially increase the current 675,000-ounce gold resource. The company has advanced technical and permitting work and plans a 35-hole, 5,000-metre reverse circulation drilling program to test continuity of the shallow-dipping lode system across the corridor and support future resource growth.
More about Zenith Minerals Limited
Zenith Minerals Limited is an Australian gold exploration and development company listed on the ASX. The company is focused on advancing its Consolidated Dulcie Gold Project in Western Australia, where it is working to expand existing mineral resources along a six-kilometre mineralised corridor.
YTD Price Performance: -11.76%
Average Trading Volume: 494,438
Technical Sentiment Signal: Sell
Current Market Cap: A$45M
For detailed information about ZNC stock, go to TipRanks’ Stock Analysis page.