Zenith Minerals (ASX:ZNC) announces that it has defined a new Ni-Cu-PGE drill target within the Waratah Well project in Western Australia, which is part of the Zenith Lithium Joint Venture with EV Metals Group.
A new Ni-Cu-PGE drill target has been identified by Zenith’s technical team as part of a holistic approach to exploration on the Waratah Well project area. The target is defined by a strong Ni-Cu-PGE surface soil anomaly with coincident EM bedrock conductors, hosted within a mafic-ultramafic intrusion.
The Australian-based battery minerals explorer reports that the intrusion is also the host to lithium rich pegmatites that are the focus of exploration at Waratah Well.
Addressing the results, Zenith Managing Director Michael Clifford said: “We are very pleased to provide initial details of a new Ni-Cu-PGE drill target within the Waratah Well project area. This robust Ni-Cu-PGE drill target has evolved from the recognition that the host rocks of lithium pegmatites at our Waratah Well project are equally prospective for Ni-Cu-PGEs.
“This robust Ni-Cu-PGE drill target has evolved from the recognition that the host rocks of lithium pegmatites at our Waratah Well project are equally prospective for Ni-Cu-PGEs”
Geochemical screening with subsequent EM geophysical follow-up has resulted in the definition of bedrock EM conductors that are now permitted for drill testing. The Ni-Cu-PGE target fits within our strategy of battery minerals leveraged to the increasing global demand for metals critical to the production processes of new energy industrial sectors.”
The Waratah Well Project is located about 20km northwest of the regional town of Yalgoo in the Murchison Region of Western Australia and is being explored as part of the Zenith Lithium Joint Venture with EV Metals Group.
Ni and Cu form part of the battery minerals suite that are included in the joint venture, with PGEs being retained 100% by Zenith.
The Waratah Well project area lies immediately adjacent to the West Yilgarn Ni-Cu-PGE province that is host to Chalice Mining Ltd (ASX:CHN) Gonneville PGE-Ni-Cu-Co-PGE deposit.
Zenith Minerals is leveraged to the increasing global demand for metals critical to the production processes of new energy industrial sectors and has three lithium projects all located in Western Australia.
Images: Zenith Minerals Ltd
