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.
Listed on the Australian Securities Exchange (ASX) in May 2007 (ASX Code ZNC) under the name Zinc Co Australia Limited, the Company subsequently changed its name to Zenith Minerals Limited in November 2010 after the discovery of significant magnetite iron at the Mount Alexander prospect and high-grade manganese in the Earaheedy Basin, both in Western Australia.
The Company’s main focus is advancing its project portfolio of high-quality, gold, base metals and manganese projects whilst extracting value from the Mount Alexander magnetite iron deposit.
Key gold and base metal projects include:
- 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, drill results include: 13.2 metres @ 3.3% copper, 4.0% zinc, 30g/t silver and 0.4g/t gold
- Kavaklitepe Gold Project, Turkey (ZNC earning 70%) - Recent (2013) grass roots gold discovery, 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
- Mt Minnie Gold Project, WA (ZNC 100%) - 75km strike of major regional fault - rock samples to 64.2 and 21.5 g/t Au
The management and board of Zenith Minerals Limited have extensive experience in exploration and development of base metal deposits.