The Company secured a new highly prospective gold project in south east Queensland within a known mineralised geographical region (ZNC ASX Release 15th April 2020).
Based on a detailed review of historical exploration activity the Flanagans project contains a compelling high-order gold target that requires validation sampling.
The project is located 70 km NE of Zenith’s 100% owned Red Mountain Gold Project, which is fully permitted for drilling (refer ZNC ASX release 25th Nov 2019). Both Zenith gold projects are situated within ~100km of Evolution’s operating gold mines at Cracow and Mount Rawdon (Figure 1).
Initial reconnaissance sampling by Zenith confirms high-grade gold, silver and copper at surface at the Flanagans prospect and nearby Great Blackall copper prospect. Rock sample results included:
- Flanagans – gold to 5.3 g/t Au, silver to 100 g/t Ag and copper to 8.0% Cu
- Great Blackall – gold to 3.4 g/t Au, silver to 273 g/t Ag and copper to 13.9% Cu
Surface sampling confirms the historically reported local high tenor of gold, silver and copper mineralisation at both the Flanagans and Great Blackall prospects and endorses requirement for further exploration activity (Figure 2).