Red Mountain’s Open Gold System Raises Stakes for Zenith’s Exploration Ambitions
Zenith Minerals has launched a significant reverse circulation drilling program at its Red Mountain Gold Project, revealing visible gold at depth and confirming a large, continuous gold system. The company is well-funded to accelerate exploration and aims to expand the mineralised footprint rapidly.
- 4,000–5,000 metre RC drilling program underway to test lateral and depth extensions
- Final assays confirm continuous gold mineralisation beyond 530 metres depth
- First visible gold observed at depth, indicating high-grade potential
- Elevated silver, zinc, and lead suggest valuable by-product credits
- A$7.65 million funding secured to support exploration through 2026
A New Chapter in Red Mountain Exploration
Zenith Minerals Limited has embarked on a pivotal phase of exploration at its 100%-owned Red Mountain Gold Project in Queensland. The company has commenced a 4,000 to 5,000 metre reverse circulation (RC) drilling program designed to rapidly delineate the shallow and lateral extensions of a substantial gold system. This initiative follows promising results from recent diamond drilling, which confirmed a continuous gold zone extending beyond 530 metres vertical depth and, notably, the first visible gold recorded at depth.
Visible Gold and Geological Continuity
The discovery of visible gold within the deeper parts of the system marks a significant milestone. In drill hole ZRMDD066, an interval of 0.5 metres assayed at 19.8 grams per tonne gold, providing compelling evidence of high-grade mineralisation potential. The gold system remains open in all directions, with increasing grades observed westward in the granitoid host rock, suggesting that the core of the mineralising system is yet to be fully explored.
Strategic Drilling and By-Product Potential
The ongoing RC drilling program is strategically designed to test the open lateral and depth extents of mineralisation, with holes drilled to maximum depth to fast-track discovery growth. Diamond tails are planned to follow up on the highest-grade zones identified. Additionally, elevated levels of silver, zinc, and lead detected in recent assays highlight the potential for valuable by-product credits, enhancing the project's economic prospects.
Robust Funding and Future Outlook
Zenith has strengthened its financial position with a A$7.65 million capital raise, providing the necessary resources to advance the current drilling campaign and exploration activities at its Dulcie Gold Project in Western Australia through 2026. Managing Director Andrew Smith emphasized the excitement around this phase, noting the rapid progress and the anticipation of regular assay updates as the program unfolds.
Geological Context and Processing Advantages
Red Mountain is situated within Queensland’s Auburn Arch, a region known for its rich mineral endowment and shares geological similarities with major Australian gold deposits such as Mt Wright and Mt Leyshon. Metallurgical testwork indicates that much of the gold is free-milling with high recovery rates, suggesting a straightforward and cost-effective processing route. This bodes well for the project's future development and potential production economics.
Expanding the Mineralised Footprint
The RC drilling aims to expand the known mineralised footprint closer to surface and into untested zones, systematically building on the strong continuity demonstrated by diamond drilling. The combination of broad mineralised zones and high-grade internal intervals underscores the scale and quality of the Red Mountain system, which remains open for further growth both laterally and at depth.
Bottom Line?
As Zenith Minerals accelerates drilling at Red Mountain, the discovery of visible gold and strong assay continuity signal a promising path toward defining a significant new gold resource.
Questions in the middle?
- How will ongoing RC drilling results refine the understanding of the high-grade core at Red Mountain?
- What are the implications of the elevated silver, zinc, and lead values for project economics?
- How soon can investors expect a resource update or feasibility study based on current drilling progress?
