Latest News

Split Rocks Lithium Update
Exploration Update
17 April 2018
Split Rocks Drilling Intersects Co-Ni-Au & Li
Exploration Update
12 April 2018
ZNC Presentation - Master Investor London
Investor Presentation
19 March 2018

The Company

Zenith Minerals Limited is a Western Australian based company focused on increasing shareholder value by the identification, exploration and development of base, industrial and precious metal depositsListed 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.

The management and board of Zenith Minerals Limited have extensive experience in exploration and development of metal deposits. The Company’s main focus is advancing its project portfolio of high-quality lithium, gold and base metals projects which are summarised below, with further information to be found under the “Projects” menu TAB.

 
 
Key lithium, gold and base metal projects include:
 

USA/Mexico Lithium JV (ZNC 45% - subject to JV partner meeting funding obligations) - The company anticipates strong news flow as drilling occurs on multiple projects at Zenith's American Lithium JV, which is being fully funded by joint venture partner Bradda Head Limited, backed by UK billionaire Jim Mellon. Bradda Head holds an initial 55% equity in the American Lithium JV subject to spending US$5 million on the projects. Bradda Head is aiming to list on the London Alternative Investment Market (AIM) once the projects are more advanced. Projects include 3 lithium brine targets in Nevada, USA and Mexico, as well as a lithium pegmatite and a lithium clay project in Arizone, USA:

• Zacatecas Lithium Brine Project, Mexico - New tenure (26,000 acres) staked over extensive system of salt lakes within an emerging lithium brine district at Zacatecas in central Mexico. Lithium brines to 2.1% lithium reported in regional water and surface sediment sampling program conducted by the Mexican Federal Government from solar evaporation ponds for salt production on adjacent salt lake (10km west of Zenith’s tenure).  Shallow auger holes at San Juan Salar show strong lithium in salt lake sediments up to 874ppm Li.  Lithium and total salinity in brine samples increase with depth in all holes pointing to deeper target. MT geophysical survey planned to assess deeper brine targets prior to drill testing. 

San Domingo Lithium Project, Arizona, USA– 9km x 1.5km lithium pegmatite field, initial surface sampling returned: 5m @ 1.97%Li2O including 2.4m @ 2.49% Li2O. Further sampling to the west returned high-grade lithium from pegmatite dykes with results including grab samples of 5.8% and 8.0% Li2O. Systematic sampling of more strongly weathered spodumene rich pegmatite returned: 2.9m @ 0.86% Li2O, 2.8m @ 0.69% Li2O, plus a near true width zone of 12.7m @ 0.45% Li2O. Drilling planned.

Spencer & Wilson Salt Flat Lithium Brine Projects, Nevada USA - Two lithium brine targets in producing lithium region.  MT geophysics completed by Zenith at Wilson Salt Flat highlights a strong conductive target similar to a nearby, new lithium brine discovery.  The lithium brine discovery by a competitor adds strong endorsement to the Company’s lithium brine targeting methodology, and prospectivity of Zenith’s projects. Drilling planned.

• Burro Creek Lithium Project, Arizona USA - Large scale lithium (Li) clay target under exclusive option. Trench and resource drilling is the next step in evaluation process.  In addition, metallurgical testwork returned further positive results on Burro Creek clay samples, with lithium recoveries to 89% from calcine-water leaching and up to 90% using a simple acid leach approach.

 

♦ Split Rocks Lithium & Gold Project, WA (ZNC 100%) - Exploration Licences and applications covering 500km2 in the emerging Forrestania lithium district around 10km northwest of the major new Earl Grey lithium discovery. Also highly prospective for gold and cobalt-nickel mineralisation. 

 
♦ Kavaklitepe Gold Project, Turkey (ZNC 30%) - Recent (2013) grass roots gold discovery in Tethyan Belt.  Large, high order gold soil / IP anomaly >1km strike. Continuous rock chip sampling to: 54m @ 3.33g/t gold, including 21.5m @ 7.2 g/t gold. Initial drill results include: 9 m @ 5.2 g/t Au from surface, 7.8 m @ 7.3 g/t Au from 3.3 m and 16.4m @ 4.7 g/t Au from 82.1m depth. 24 drill holes completed in 2016 drill campaign. Drilling planned in 2018.
 
 
♦ Develin Creek Copper-Zinc-Silver-Gold Project, QLD (ZNC 100%) -  3 known VHMS massive sulphide deposits with JORC resources,  50km of strike of host volcanic rocks, drill results include: 13.2 metres @ 3.3% copper, 4.0% zinc, 30g/t silver and 0.4g/t gold.
 
 
♦ Earaheedy Manganese Project, WA (ZNC 100%) -  New manganese province discovered by ZNC; JORC resources and potential DSO drill intersections (+40%Mn).
 
 
♦ Mt Alexander Iron Ore Project, WA (ZNC 100%) -  JORC magnetite Resource 566 Mt @ 30.0% Fe close to West Pilbara coast, 50% of target untested - Seeking development partner/ buyer for iron project.

 

Contact Us

Zenith Minerals Limited

Level 2, 33 Ord Street

WEST PERTH WA 6005

 

Telephone: (08) 9226 1110

Facsimile: (08) 9481 0411

Email: info@zenithminerals.com.au