Results received to date have confirmed continuity and scale across the corridor, with multiple mineralised zones showing consistent widths.
The grades also appear to line up with the company’s July 2025 exploration target of between 0.3 and 0.8 million ounces of gold. That target was extrapolated from an estimated resource ranging between 10 and 24 million tonnes at an average grade in the range of 0.9 to 1.1g/t gold.
Zenith Minerals managing director Andrew Smith said: “Dulcie is rapidly shaping up as a district-scale gold system in one of Western Australia’s hottest gold belts at Forrestania. Results to date continue to confirm scale, continuity and predictable geometry across the corridor, reinforcing our confidence in the Exploration Target and the broader growth potential of the system.”
The latest intercepts, along with new mineralisation associated with a western banded iron formation (BIF) horizon, appear to have validated Zenith’s targeting model and point to further upside beyond the current target envelope.
At Dulcie North, drilling has confirmed a southward continuation of the stacked, shallow-dipping lode system first recognised at Dulcie Far North, pushing mineralisation roughly 400 metres beyond the current northern resource boundary and underscoring the system’s potential to grow.
With the existing Dulcie Far North inferred resource currently standing at 8.2 million tonnes grading 1.2g/t gold for 302,000 ounces, the new extension builds on a solid base first announced last year and provides a strong platform for ongoing expansion across the broader project footprint.
Zenith also shored up its war chest in September last year, locking in a A$7.65 million strategic placement with Ida Metal Investments to fast-track drilling across its Consolidated Dulcie gold project and to advance work at the company’s Red Mountain gold project in Queensland
The funding runway has put the company in a strong position to deliver a maiden JORC-compliant mineral resource estimate at Consolidated Dulcie, slated for next month. Meanwhile, the drill bit will be kept turning across untested spots within the exploration area. A planned diamond program will also be set in motion to gather critical structural, geotechnical, density and metallurgical data.
With the balance of assays due to land in the coming weeks, the results so far are already underscoring the district-scale promise of the more than 6km-long Dulcie corridor and sharpening the case for Consolidated Dulcie to emerge as a standout new gold asset in one of Western Australia’s fastest-growing gold belts.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
