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ZNC 17.0¢

News: Zenith Minerals to reveal resource update at Develin Creek

  1. Zenith Minerals (ASX:ZNC) has been granted a trading halt by the ASX pending a resource update for the Develin Creek Project.

    Develin is located in Queensland, with Zenith owning 51% with the right to acquire 100%.

    Recent drilling results included:

    - 5 metres at 2.45% copper, 2.14% zinc, 0.4g/t gold and 30.7g/t silver (3.72% CuEq*); and
    - 3 metres at 2.63% copper, 0.88% zinc, 0.5g/t gold and 36.7g/t silver (3.58% CuEq).

    The halt will last until the opening of trade on Thursday 5th February 2015, or earlier if an announcement is made to the market.


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