Red Mountain Expansion Hinges on Pending Assays and Next Drilling Phase

Drilling Milestone at Red Mountain

Zenith Minerals Limited has successfully completed its 2025 deep diamond drilling program at the Red Mountain Gold Project, located in Queensland’s prolific Auburn Arch. The final hole, ZRMDD066, reached a depth of 584.2 metres, with a priority core interval already dispatched for expedited assay analysis. This drilling phase was designed to clarify the geometry of mineralisation previously intersected, providing critical data to guide future exploration efforts.

Earlier in the campaign, hole ZRMDD064 delivered a standout intercept of 139.4 metres grading 1.05 grams per tonne gold, including several high-grade zones exceeding 20 grams per tonne. These results have heightened expectations for Red Mountain’s potential as a large-scale intrusion-related gold system, a style known for hosting significant deposits in Australia.

Expanding the Exploration Footprint

In a strategic move to capitalize on the geological setting, Zenith has lodged applications for additional tenure adjoining the existing Red Mountain project area. This expansion aims to cover a prominent structural boundary believed to control mineral emplacement, potentially unlocking further mineralisation along strike. Complementing this, the company plans a district-wide soil sampling program to identify new targets with similar characteristics to Red Mountain’s mineralising system.

These initiatives underscore Zenith’s commitment to advancing Red Mountain from a promising discovery toward a district-scale gold project, leveraging both geological insights and systematic exploration techniques.

Consolidated Dulcie Drilling Campaign Set to Accelerate

While awaiting assay results from Red Mountain, Zenith is gearing up for a significant Phase 2 reverse circulation drilling campaign at its Consolidated Dulcie Gold Project in Western Australia. Scheduled to commence in late September, this program will test an Exploration Target ranging from 0.3 to 0.8 million ounces of gold. The campaign aims to convert this target into a JORC-compliant resource and explore extensions along strike and at depth.

This drilling phase is supported by recent approvals and a strong financial position following a rights issue, positioning Zenith to rapidly advance its Western Australian gold assets alongside its Queensland projects.

Broader Queensland Gold Prospects

Beyond Red Mountain, Zenith continues to explore other Queensland prospects such as Auburn and Privateer. Early sampling at Auburn has returned rock chips grading up to 23.3 grams per tonne gold, while historic drilling at Privateer revealed high-grade gold and silver intercepts that have yet to be systematically followed up. These projects add depth to Zenith’s portfolio and offer additional avenues for growth in a region with a rich gold mining heritage.

Metallurgical test work at Red Mountain has also been encouraging, indicating that much of the gold is free-milling with high recovery rates, suggesting a straightforward processing path that could enhance project economics.

Looking Ahead

With assay results from the recent drilling expected over the coming weeks, Zenith is poised to refine its geological models and plan the next phase of exploration before the Queensland wet season temporarily halts drilling activities. Investors and analysts will be watching closely as these results could significantly influence the valuation and development trajectory of the Red Mountain project and the broader portfolio.