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Zenith Minerals Limited ( (AU:ZNC) ) just unveiled an update.
Zenith Minerals Limited has announced that an independent technical review has identified its Red Mountain Gold Project in Queensland as a potential Mt Wright-style Intrusion-Related Gold System (IRGS), suggesting significant resource expansion potential at depth. This discovery, initially made by Zenith, is now revealing its true scale, indicating possible substantial mineralisation below current drilling depths. The company plans further drilling to explore deeper targets and has applied for a government grant to support these efforts, which could enhance its positioning in the gold mining sector.
More about Zenith Minerals Limited
Zenith Minerals Limited is a company operating in the mining industry, focusing on discovering and developing gold mineral resources. The company is engaged in exploring and expanding its mining projects, particularly in regions with high mineral potential.
YTD Price Performance: 5.00%
Average Trading Volume: 10,458
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €10.15M
See more insights into ZNC stock on TipRanks’ Stock Analysis page.
