The recent high-grade rock chip assays from Leinster South have confirmed the presence of new gold discoveries that elevate the potential of the gold-critical region markedly. This exciting development is accredited to the efforts of Zenith Minerals Ltd (ASX: ZNC), an Australian company renowned for mineral exploration.
A team from Zenith Minerals recently carried out through an investigation in the Leinster South area. Restricted to six square kilometers of the primary landholding, this region spans a mammoth 150 square kilometers. The probe involved detailed ground check-up for the rock chips and was followed by an assay.
The assay revealed substantial multiple gold and nickel results, including an outstanding high grade 10.45 g/t gold. In addition, many elevated results, over 1g/t gold, were also noticed across a two square kilometer region. These high-grade results have sparked the interests of those in the mining industry and propelled Zenith Minerals to secure the project entirely.
Delving into the technicalities of the results, it’s noteworthy that the areas of higher gold grade correspond with ultramafic units in a greenstone belt. This correlation reflects the geological potential of the region for future extraction of gold deposits.
Apart from unlocking the possibilities of gold extraction, the rock chip samples also boasted rich contents of nickel. Assay results indicated values reaching up to 0.33% nickel and 0.94% copper in one of the samples. This discovery suggests extensive ultramafic bedrock, hinting at a substantial nickel sulfide mineralization footprint, which contributes to the enhanced potential of Leinster South.
Zenith Minerals shared the promising outcomes of the assay in an ASX announcement. It revealed intentions of geochemical soil sampling and ground geophysics, which will allow better understanding of the gold and nickel discoveries. The company seems convinced that these results can steer a buoyant shift and fuel systematic exploration in the coming months.
It’s indeed an exemplary display of collaborative effort. For instance, Zenith has liaised with Artemis Resources, whose Carlow Castle Co-Ni-Au Project in Western Australia serves as a roadmap for the future of Leinster South. Artemis, too, echos excitement about the significant gold discovery in the ultramafic setting and the development of another gold-copper-cobalt system.
In summary, the high-grade rock chip assays from Leinster South are not just an affirmation of new gold discoveries but also a testimony to the geological potential of the region. The assay results, highlighting the region with high-grade gold and elevated nickel content, have paved the way for further investments and explorations in mineral extraction. These revelations about Leinster South are more than welcome for Zenith Minerals and those looking at the broader aspect of mineral discovery in Australia.