Zenith Minerals Limited ( (AU:ZNC) ) has issued an update.
Zenith Minerals Limited has secured a $275,000 grant from the Queensland Government’s Collaborative Exploration Initiative to fund deep diamond drilling at its Red Mountain Gold Project. This funding highlights the strategic importance of Red Mountain as a critical minerals target and will support efforts to explore the potential of a large-scale intrusion-related gold system with associated copper and molybdenum mineralization. The project has been independently assessed by RSC, confirming its potential as a vertically zoned IRGS/porphyry system, which could significantly enhance Zenith’s exploration capabilities and industry positioning.
More about Zenith Minerals Limited
Zenith Minerals Limited is an exploration company focused on discovering and developing mineral resources, primarily gold, copper, and molybdenum, with a strategic emphasis on critical minerals in Queensland, Australia.
YTD Price Performance: 15.00%
Average Trading Volume: 10,458
Technical Sentiment Signal: Strong Buy
Current Market Cap: €10.86M
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