Zenith grows Dulcie gold project resource by 41%
Tue June 24 2025
Zenith Minerals (ASX: ZNC) says contained gold at its Dulcie Far North (DFN) project in Western Australia jumped 41% compared with the previous resource in December.
The resource — all in the inferred category — is now estimated at 8.2 million tonnes grading 1.15 grams gold per tonne, for 302,000 oz. of gold. The upgrade, Zenith said, was driven by extension and infill drilling of previously defined lodes, as well as the identification of new ones. It follows the recent completion of 37 reverse circulation holes completed between February and April.
“This mineral resource upgrade marks a turning point for Zenith at Dulcie,” managing director Andrew Smith said, because the company “confirmed the potential for a much larger system through the identification of new footwall lodes and stacked structures.”
The next step for the DFN project, he added, is to conduct follow-up drilling in the third quarter to test open extensions along strike and at depth, and to further delineate the newly identified gold-bearing footwall lodes.
Consolidated project
Located 400 km east of Perth, the Dulcie property comprises a contiguous group of mining leases spanning over 6 km. Zenith initially obtained the DFN mining lease in January 2023. Since then, it has more than doubled the gold resource from 150,000 oz. to over 300,000 oz.
This month, the Australian explorer acquired additional subsurface rights that represent a 3-km southern extension to DFN. The new mining rights, it says, grant Zenith the exclusive rights to explore and develop mineralization from more than 8 metres below surface across the 3 km strike, directly along trend from DFN.
This ground, which was partially drill-tested by Zenith in 2020–21, enhances the company’s strategic landholding, permitting framework, and development potential, the company added.
Shares in Zenith Minerals gained 14% on Tuesday to A$4.1¢ apiece, valuing the company at A$19.5 million (C$17.4 million).
Source: https://www.northernminer.com/