Zenith Minerals Launches Phase 1 Drilling at Dulcie Far North, Eyes Major Resource Growth

Phase 1 Drilling Kicks Off at Dulcie Far North

Zenith Minerals Limited has officially commenced its Phase 1 drilling program at the Dulcie Far North (DFN) prospect, part of the Consolidated Dulcie Gold Project in Western Australia. This initial campaign involves approximately 1,500 metres of reverse circulation drilling focused on testing high-grade structural positions and newly identified footwall lodes across the shear zone. The program aims to explore immediate strike and depth extensions, building on promising geological interpretations and recent drilling results.

A Prelude to a Larger Exploration Push

Phase 1 is designed as a precursor to a much larger Phase 2 drilling campaign planned for the second half of 2025. This follow-up program will involve between 9,000 and 12,000 metres of drilling, targeting the conversion of the recently declared Exploration Target, estimated between 0.3 and 0.8 million ounces of gold, into inferred mineral resources. The Phase 2 campaign will also explore untested prospective zones beyond the current target areas, aiming to expand the resource footprint significantly.

Strategic Consolidation and Funding Strength

Zenith’s exploration strategy is underpinned by a strong financial position, having recently completed a rights issue that fully funds the aggressive exploration plans through the remainder of 2025 and beyond. The company has also strategically consolidated its tenure by acquiring subsurface rights over an additional 3-kilometre strike extension south of DFN. This acquisition not only expands Zenith’s control over the Dulcie gold corridor but also includes active heap-leach mining operations, which de-risk the project and provide a clearer pathway toward production.

Geological Potential and Exploration Rationale

The Phase 1 drilling targets several key geological hypotheses – the presence of stacked lodes indicating a broader and deeper mineralised system; anomalous gold occurrences identified in shallow aircore drilling suggesting mineralisation at depth; and structural flexures within the foliation that may act as high-grade gold traps. These factors collectively support the potential for significant resource growth at DFN and the broader Consolidated Dulcie Project.

Looking Ahead

Following the completion and assay analysis of Phase 1 drilling, Zenith plans to rapidly transition into the more extensive Phase 2 program. This phased approach allows the company to refine targets and focus drilling efforts where the highest potential lies, aiming to convert conceptual Exploration Targets into JORC-compliant inferred resources. The project’s proximity to existing infrastructure and processing facilities further enhances its economic viability and accelerates the timeline toward potential production.