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Zenith Minerals started drilling at its Western Australia gold project to boost reserves toward 1.1 million ounces, with results expected soon.
Zenith Minerals has begun a major drilling campaign at its Consolidated Dulcie gold project in Western Australia, using two rigs to drill 9,000 to 12,000 meters of reverse circulation holes.
The goal is to expand the project’s 302,000-ounce resource and grow it toward a target of 1.1 million ounces, focusing on near-surface mineralization 50 km south of Southern Cross.
The effort follows a $7.65 million capital raise and includes systematic drilling at Dulcie North and the southern extension, which now includes 6 km of acquired gold structures.
Metallurgical tests show up to 97% gold recovery with low reagent use.
First assay results are expected within weeks and will continue through December.
The company is also advancing a follow-up program at its Red Mountain discovery in Queensland, allocating $3 million to drill 10 to 15 holes by year-end, with early results suggesting a large-scale gold deposit may be possible.
Zenith Minerals comenzó a perforar en su proyecto de oro de Australia Occidental para aumentar las reservas a 1.1 millones de onzas, con resultados que se esperan pronto.