Menzies Gold Project

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 of the exploration license E29/1052, two mining leases (M29/417-418) and thirteen Prospecting Licenses, (P29/2573-2576 and P29/2657-2665) covering 203km2.  The exploration license was acquired initially, and subsequent dealings have significantly increased the holding size particularly over greenstones.

The Menzies Gold Project covers granites and greenstones along the western margin of the Menzies Greenstone belt.  The granitic lithologies are largely covered by transported sands, soils and lake sediments and have the potential for paleo-channel and structurally emplaced stockwork gold mineralisation.  The greenstone lithologies have shear/vein hosted gold potential in hard rock and alluvial and supergene mineralisation potential in the weathered profile.

Historic workings are evident across the tenure, particularly over the greenstone belt.  On M29/418 in particular, a linear zone of workings and old shafts extends over 500m.  The workings appear focused on a series of quartz veins and have only been tested by shallow and wide-spaced previous drilling.  Across all the leases there has only patchy drill testing aimed at both gold and lateritic nickel targets.

A stage 1 auger soil sampling zone was completed in 2020 mainly testing the granitic lithologies.  Anomalies generated from this sampling were tested using aircore drilling in August 2022. The drilling campaign returned weakly anomalous results that indicated that the geochemical anomalism was reflecting transported cover.

Stage 2 soil sampling is planned (in late 2022) across all prospected areas that, along with geological mapping, will by used to assess the other prospective structures and greenstones lithologies over the leases.  Any anomalies generated are scheduled for drill testing in 2023.

The large holding at Menzies has been historically subjected to limited exploration for a number of reasons, but there is considered to be significant potential for gold mineralisation given the prospective lithologies, favourable structural setting and historic gold workings.  The Zuleika team will work towards revealing the potential over the coming year.