Zuleika Gold’s Menzies Gold Project is situated 120km north of Kalgoorlie and immediately to the west of the million-ounce Menzies Goldfield. The Project consists exploration license E29/1052 and three Prospecting Licenses, P29/2574, P29/2575, P29/2576 covering of 182km2.
The Menzies Gold Project is largely under transported sands, soils and lake sediments and was selected as a gold exploration target based on interpreted structures from the magnetics, which are near to the Menzies granite and greenstone contact representing previously untested hard rock (greenstone) and paleo-channel gold targets.
The project also has potential stratigraphic targets at the base of the Menzies greenstone, represented as at Leonora.
In 2020 Auger samples on a wide spaced nominal 400x200m drill grid were collected by Zuleika Gold over ~40 km2 of the tenements. Over 40% of the samples collected, assayed above background gold of 5ppb demonstrating notwithstanding the difficult sampling environment (transported soil and lake sediments) that there are strong gold anomalies over a large proportion of the tenements.
The auger soil program on E29/1052 was separated into a northern and southern areas.
Highlights of the program included the highly anomalous and coherent results from P29/2576 with peak values up to 70ppb gold and the broad coherent gold anomalism returned from the southern area of E29/1052 with peak values up to 46ppb gold.
Exploration at Menzies in 2020 generated exciting results from an early-stage wide spaced auger program. The results generated numerous gold anomalies which warrant further investigation in the 2021 exploration programs. The fact Zuleika Gold’s exploration team discovered strong persistent gold anomalism in transported soils and lake sediments and in proximity to the granite / Menzies greenstone contact, shows the potential for a gold discovery on our Menzies asset.
The Company is confident that with further exploration to test the extent and depth of the gold anomalies, we will unveil the potential of Menzies and add value to our growing Menzies/Kalgoorlie gold asset portfolio.