Zenith Minerals reports encouraging assay results from its Consolidated Dulcie drilling program in WA, confirming gold mineralisation consistent with its July 2025 Exploration Target and revealing high-grade intercepts. The company targets a maiden JORC Mineral Resource Estimate by late February 2026.
- Assay results support 0.3–0.8 million ounce Exploration Target
- Record intercept of 3m at 22.67 g/t gold at Dulcie Far North
- Additional lodes identified beyond current Exploration Target footprint
- Maiden JORC Mineral Resource Estimate targeted for late February 2026
- Recent $7.6 million capital raising funds ongoing exploration and development
Exploration Progress in a Premier Gold Belt
Zenith Minerals Limited (ASX – ZNC) has provided a significant update on its Consolidated Dulcie Gold Project in Western Australia’s Forrestania belt, one of the State’s fastest-emerging gold regions. The company’s recent reverse circulation (RC) drilling program, spanning over 12,600 metres, has delivered assay results that broadly confirm the scale and continuity of gold mineralisation anticipated in its July 2025 Exploration Target.
Approximately half of the assay results have been received, revealing multiple mineralised zones with grades and widths consistent with the Exploration Target of 0.3 to 0.8 million ounces of gold. Notably, the drilling has confirmed a district-scale gold system extending over a six-kilometre strike length, supported by granted mining leases and excellent infrastructure including sealed roads, power, and water access.
High-Grade Intercepts and Resource Upside
Among the standout results is a record intercept at the Dulcie Far North (DFN) prospect – 3 metres grading 22.67 grams per tonne (g/t) gold, including a 1-metre section at 56.76 g/t. This high-grade zone underscores the potential for localised rich shoots within the broader mineralised envelope and adds a compelling dimension to the project’s economic prospects.
Beyond confirming the Exploration Target, the drilling has identified additional lodes outside the previously defined footprint, particularly at Dulcie North and along a newly tested banded iron formation horizon. These findings suggest further resource growth potential beyond the current model, with mineralisation remaining open along strike and at depth.
Pathway to a Maiden Mineral Resource Estimate
Zenith is working closely with assay laboratories to expedite the remaining results, aiming to deliver a maiden JORC-compliant Mineral Resource Estimate (MRE) by late February 2026. The company plans to continue RC drilling in the first quarter of 2026 to test untested portions of the Exploration Target and to commence diamond drilling to provide critical structural, geotechnical, and metallurgical data.
Managing Director Andrew Smith emphasised the strategic consolidation of the Dulcie corridor, noting that much of the upside potential lies on ground acquired only recently in June 2025. He highlighted the predictable geometry and continuity of the mineralised system, reinforcing confidence in the Exploration Target and the broader growth prospects.
Strong Financial Position Supports Growth
Zenith recently completed a $7.6 million capital raising at 12.75 cents per share, providing a robust financial platform to advance exploration and development activities. This funding supports the completion of the maiden MRE, ongoing drilling programs, and the planned diamond drilling campaign.
The Consolidated Dulcie Gold Project now encompasses a contiguous six-kilometre strike length within the Southern Cross–Forrestania Greenstone Belt, consolidating Zenith’s control over a highly prospective gold corridor. The project benefits from granted mining leases and proximity to existing mining and processing infrastructure, positioning it as a key asset in Zenith’s portfolio.
Bottom Line?
With assays still pending and resource estimation underway, Zenith’s Consolidated Dulcie project is poised for a pivotal phase that could reshape its standing in WA’s gold sector.
Questions in the middle?
- How will the remaining assay results influence the final Mineral Resource Estimate?
- What is the potential impact of the newly identified lodes on project economics?
- How might the planned diamond drilling refine understanding of the high-grade zones?