Exploration and evaluation of the Kavaklitepe gold project is managed by Teck Anadolu Madencilik Sanayi v. Ticaret A.S. (“Teck”), a Turkish affiliate of Teck Resources Limited, Zenith holds a 23% interest in the Kavaklitepe project.  Drilling to date on two prospect areas has returned encouraging results.

Kuzey Zone drill intersections include:

  • 20m @ 15.6 g/t Au,
  • 16m @ 4.7 g/t Au,
  • 21m @ 3.29 g/t Au,
  • 14m @ 6.09 g/t Au,
  • 16m @ 4.7 g/t,
  • 9m @ 5.2g/t and
  • 8m @ 7.3g/t gold.

whilst continuous surface rock chip results include:

  • 0m @ 3.33 g/t gold,
  • 10m @ 12.2 g/t Au,
  • 44m @ 3.37 g/t Au,
  • 15m @ 10.10 g/t Au and 6.5m @ 5.18 g/t Au.

In addition, Discovery Zone drill results include: 8.0m @ 0.74 g/t Au, 8.0m @ 1.20 g/t Au and 8.0m @ 1.26 g/t Au.

Further drilling and surface sampling are planned for the second half of the calendar 2020 year.