Zenith Minerals MD on advancing Red Mountain and Dulcie projects following A$7.6m raise

Zenith Minerals Ltd (ASX:ZNC) managing director Andrew Smith talked with Proactive's Stephen Gunnion about ongoing drilling at the company's Red Mountain and Consolidated Dulcie gold projects in Australia. Smith said the company currently has three drill rigs active, with one RC rig at Red Mountain in Queensland and two rigs at Dulcie in Western Australia. “I think there's going to be a flurry of intercepts and announcements coming through as we expedite both projects,” he told Proactive. Red Mountain is described as a virgin discovery made in 2018, and recent deep diamond drilling has confirmed it as an intrusion-related gold system, potentially on the scale of nearby large deposits such as Mount Wright. A new RC drilling campaign is underway to map the extent of near-surface mineralisation, with results expected soon. At Consolidated Dulcie, the company is focused on fast-tracking a low-CapEx development. The project sits on existing mining licences with near-surface gold and access to nearby infrastructure. Dulcie already hosts a resource of 300,000 ounces, with an exploration target of up to 800,000 ounces. Zenith recently raised A$7.6 million from Ida Metal Investments, adding to a A$3.6 million raise in July, providing funding to advance both projects. For more interviews, visit Proactive's YouTube channel. Don’t forget to like this video, subscribe, and enable notifications for future updates. https://www.zenithminerals.com.au #ZenithMinerals #GoldExploration #RedMountain #DulcieGoldProject #MiningNews #IntrusionRelatedGold #RCDrilling #AustralianMining #GoldInvesting #ExplorationUpdate #ProactiveInvestors #ASXGold