GOLD MINERALISATION EXTENDED AT DULCIE FAR NORTH PROJECT

Zenith intersects 13.46 g/t gold and identifies second stacked lode at WA project

Zenith Minerals Limited (ASX:ZNC) has provided an update on drilling at its Dulcie Far North (DFN) Gold Project in Western Australia, confirming extensions to gold mineralisation and new geological targets following a 40-hole RC drill campaign.

To date, 31 of the 40 planned holes have been completed, with the program on schedule for completion by mid-April 2025. The standout intercept to date is 1m @ 13.46 g/t Au from 88m in hole SRRC042.

Key intercepts include:

SRRC042:
- 5m @ 1.28 g/t Au from 43m (6.40 gm)*, including 2m @ 1.97 g/t Au from 45m
- 7m @ 2.82 g/t Au from 85m (19.74 gm)*, including 1m @ 1.66 g/t Au from 86m and 3m @ 5.28 g/t Au from 88m, including 1m @ 13.46 g/t Au from 88m
SRRC048:
- 4m @ 1.44 g/t Au from 123m (5.76 gm)*, including 1m @ 1.88 g/t Au from 123m and 1m @ 2.69 g/t Au from 126m
SRRC043:
- 9m @ 0.71 g/t Au from 67m (6.38 gm)*, including 1m @ 1.46 g/t Au from 72m
SRRC046:
- 4m @ 1.18 g/t Au from 83m (4.72 gm)*, including 1m @ 2.04 g/t Au from 83m and 1m @ 1.80 g/t Au from 86m
SRRC051:
- 3m @ 1.54 g/t Au from 103m (4.62 gm)*, including 1m @ 3.13 g/t Au from 104m

Zenith also confirmed a second stacked lode beneath the main shear zone in SRRC048, suggesting additional footwall-hosted gold potential. Southern mineralisation has been extended by approximately 50 metres, further highlighting strike and depth growth potential.

Infill drilling is enhancing confidence in lower-confidence zones of the Inferred Resource, while step-out drilling is targeting mineralisation beyond the current model. Regional drilling at Fuego and Nieve is also underway, supported by recent permitting approvals.

Andrew Smith, Managing Director at Zenith Minerals, commented:

We’re very encouraged by the progress of drilling at DFN. The early results have confirmed our geological model and, importantly, intersected new footwall lodes that could represent a second horizon of mineralisation below the main shear. With 31 holes now complete, we’re building strong momentum — both in terms of growing the resource and advancing toward development. At the same time, we’re preparing to test high-priority regional targets at Fuego, 3km north of DFN, and Nieve, 5km south of DFN, as part of our broader strategy to unlock the full potential of Split Rocks as a scalable gold project.