Zenith Minerals (ASX:ZNC) has identified a “major” new lithium geochemical target at the Split Rocks Lithium Project in Western Australia.
The Split Rocks Project is located approximately 40km south of the regional town of Marvel Loch in the Yilgarn Shire of Western Australia and is being explored as part of the Zenith Lithium Joint Venture with EV Metals Group.
During 2022 a total of 8,551 geochemical samples were collected across the Split Rocks project area comprised of both auger and soil samples with the sampling method determined by the regolith (nature of the materials present near surface). Assays have now been received for 6,076 samples, with a further 2,475 samples awaiting assays. To date, first pass sampling, has now covered approximately 25% to 30% of the project area with additional sampling planned for the 2023 field season.
The geochemical sampling programme has been successful in defining a major new geochemical anomaly that exceeds the size of the geochemical anomaly surrounding the Rio lithium pegmatite. The new anomaly (Cielo) presents a major new lithium target to be drill tested.
Drilling as part of an ongoing exploration campaign to scope the size of the host pegmatite and contained lithium mineralization at Rio has returned significant lithium mineralization. Pegmatite has now outlined over >2400m length and >2400m width (remaining open), with lithium mineralized zone (>0.1% Li2O) identified over >2100m by 1000m with an open-ended higher-grade (>0.3% Li2O) lithium zone >650m length. Better drill intersections reported to date include ZVCD039 26m @1.2% Li2O incl. 13m @1.9% Li2O (upper zone) and 23m @0.8% Li2O incl. 8m @1.3% Li2O (lower zone).
Substantial infill and extensional drill programmes are planned to commence shortly at Rio.
Next Steps
Planning is in progress for a substantial Air Core drill programme to test the new Cielo lithium geochemical target. An additional two lithium geochemical anomalies A1 & A2 require further assessment but are likely to represent future drill targets, whilst RC drilling of anomaly A3 is planned for early 2023.
“We are delighted to announce a major new lithium target at Split Rocks which has come about through 12 months of hard work from our soil geochemical teams. I look forward to providing further updates on this exciting new drill target – Cielo and the additional new lithium anomalies generated in 2022,” Executive Chair, David Ledger, said.
For further information please visit: https://www.zenithminerals.com.au/
