Zuleika Gold (ASX:ZAG) advances drilling at namesake project

Zuleika Gold (ASX:ZAG) advances drilling at namesake project

  • Zuleika Gold (ZAG) has completed 115 aircore holes at the Paradigm East and Browns Dam prospects, which are part of its namesake project in WA
  • Drilling at Paradigm East tested the continuity of mineralisation over a 2.4-kilometre strike, whereas drilling at Browns Dam aimed to follow up on previous high-grade results
  • In addition, the company will target the Little T, Carnage Shear and Breakaway Dam prospects
  • This drilling is part of Zuleika’s broader 30,000-metre program to refine reverse circulation drilling targets
  • Company shares are down 2.33 per cent and shares are trading at 4.2 cents

Zuleika Gold (ZAG) has completed 115 aircore holes at the Paradigm East and Browns Dam prospects, which are part of its namesake project in WA.

Sixty eight aircore holes were drilled at Paradigm East to test secondary structures and the continuity of mineralisation over 2.4 kilometres.

Zuleika, formerly called Dampier Gold, hoped the program would confirm the presence of hydrothermal activity and identify zones of higher fluid flow with the potential for gold mineralisation.

The other 47 holes were drilled at the Browns Dam prospect to follow up on the high-grade drill results from late last year. Zuleika hoped this drilling would expand and define mineralisation controls to assist with refining future drill targets.

After drilling wrapped up at these prospects, the drill rig moved to the Little T prospect to test bedrock lithology and geochemistry. Depending on the results, Zuleika will conduct more extensive reverse circulation (RC) drilling.

Overall, this drilling is part of a broader 30,000-metre drilling program to refine anomalous targets for follow-up RC drilling.

“We are well into our +30,000 metre aircore and RC drilling program. Zuleika Gold’s directors and exploration team are continuously working on delivering value-added results for all shareholders,” Managing Director Annie Guo said.

Drilling is also targeting the Carnage Shear and Breakaway Dam prospects.

Jessica De Freitas