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Tag: Flanagans

Copper gleam in Zenith eyes as exploration accelerates

Zenith Minerals executive chairman Peter Bird has described copper as the most underfunded input commodity in the green energy supply chain as the company steps up exploration at Develin Creek and Flanagans.

Outlining the work planned in coming weeks at the company's Queensland copper assets, Mr Bird highlighted the favourable supply-demand balance for red metal producers.

"Consumption has been growing at a compound level of approximately 2 per cent per annum for a number of years," he said.

“Copper is also the 'absolute green energy metal' and is projected to. . .

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Samples show promise for Flanagans project

Initial reconnaissance sampling has confirmed high-grade gold, silver and copper at surface at Zenith Minerals' Flanagans and Great Blackall prospects.

They are within the Flanagans project, which sits in the same region as Evolution Mining’s Cracow and Mount Rawdon mines in southern Queensland.

Rock sample results included:

  • Flanagans – gold to 5.3 g/t Au, silver to 100 g/t Ag and copper to 8.0 per cent Cu;
  • Great Blackall – gold to 3.4 g/t Au, silver to 273 g/t Ag and copper to 13.9 per cent Cu. 

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Zenith adds to Queensland gold assets

Zenith Minerals has secured its second gold project within the same region as Evolution Mining's Cracow and Mount Rawdon mines in southern Queensland.

The company has been granted a new exploration permit for the Flanagans project, 70km north-east of its Red Mountain gold project.

It says historical exploration activity in the area has demonstrated a very positive framework to build on.

There is evidence of a 1.5km long, 180m wide gold-rich quartz vein and the site has recorded rock chip results as high as 20g/t gold.

Zenith. . .

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