Zenith Minerals Confirms Significant Gold Growth at Dulcie Far North

Drilling Success at Dulcie Far North

Zenith Minerals Limited (ASX: ZNC) has announced the successful completion of a 41-hole reverse circulation (RC) drilling program at its Dulcie Far North (DFN) Gold Project in Western Australia’s Southern Cross region. The campaign, comprising 5,676 metres of drilling, has delivered significant gold intercepts that reinforce the continuity of mineralisation and reveal new stacked lodes beneath the main shear zone.

Among the standout results are intercepts such as 6 metres at 2.76 grams per tonne (g/t) gold from 57 metres depth, and 9 metres at 1.46 g/t gold from 55 metres, including higher-grade intervals. These findings not only extend the strike length of the mineralised zone but also highlight the potential for further resource growth at depth and along strike.

Resource Expansion and Geological Insights

The drilling results have confirmed that the DFN gold system remains open to the north, east, and at depth, suggesting that the current resource base could expand significantly with further exploration. The identification of new stacked lodes, multiple mineralised zones occurring vertically beneath the main shear zone, adds a promising dimension to the project’s geology and resource potential.

Zenith’s Managing Director, Andrew Smith, emphasised the importance of these results in enhancing the geological model and underpinning the forthcoming Mineral Resource Estimate (MRE). He noted that the project’s proximity to established infrastructure, including sealed roads and nearby processing plants, positions DFN well for potential near-term commercialisation.

Regional Exploration and Next Steps

Beyond DFN, Zenith has also completed initial drilling at the nearby Fuego and Nieve prospects, which are considered analogous to the DFN system. Assay results from these regional targets are awaited and expected before the end of the quarter, potentially adding further value to Zenith’s Split Rocks tenure, which spans over 364 square kilometres.

The company is actively planning follow-up drilling campaigns to test extensions of mineralisation to the north and east at DFN, as well as to advance exploration across its broader regional portfolio. This strategy aligns with Zenith’s goal of transforming DFN from a modest inferred resource into a standalone development opportunity, leveraging its strategic location and infrastructure advantages.

Strategic Outlook

Zenith’s recent resource update in December 2024 saw a 40% increase in inferred gold ounces to 210,000 ounces at 1.3 g/t gold. The current drilling results are expected to further enhance this resource base. The company is also pursuing inorganic growth opportunities to scale its development ambitions within the Marvel Loch–Forrestania belt.

With open-pit mining studies indicating amenability to near-surface extraction and the recent sealing of Forrestania Road improving logistics, DFN is well positioned for potential rapid advancement towards production. The upcoming updated MRE will be a critical milestone in validating these prospects and guiding Zenith’s commercialisation strategy.