The Credo Project is located 35km north west of Kalgoorlie and 5km to the east of the Paddington Gold Mine.
Credo discovered in the 1890’s was famous for its specimen gold and has numerous historical high-grade intersections some of which were successfully tested by Zuleika Gold in 2020, generating a maiden gold resource and a number of drill target zones for the 2021 exploration program.
The Credo Gold Project contains several key prospects with the Credo Well and Credo Well North being the most advanced of these. JORC resources totalling 12,250 oz at an average grade of 4.41 g/t gold were defined by Zuleika Gold in 2020. These resources fall at the intersection of north east structures with a north west trending anticline representing a high-grade gold corridor.
Exploration drilling, follow-up soil surveys undertaken in 2020 showed anomalous gold zones with an identical north east, south west orientation between the Credo Well North and Credo Well and also along the 3km “high grade corridor”.
These parallel and anomalous results demonstrate the potential for north east trending en-echelon mineralised gold structures.
Zuleika Gold’s target is to enhance the current resources and to define resources in several of these mineralised structures along the high-grade gold corridor with the aim to aggregate them into a substantial commercially viable JORC Compliant Resource.