RE: RNS Great News25 Apr 2025 08:40
From 2022 RNS - Added Bonus Gold
Gold mineralization on the Project is almost certainly related to gold mineralization which occurs on the Pietersburg Greenstone Belt, which hosts the historical Eersteling Gold Mine.
The presence of gold mineralization on both the northern and southern portions of the Project area means that the gold mineralization is a lot more prevalent than initially thought; and improves the chances of the Project hosting an economic gold deposit that may be independent of the known nickel and platinum group element mineralization as documented in the Company's NI43-101, available on the Company's website.
Wayne Isaacs, Chief Executive Officer and Director of Zeb Nickel, commented "The presence of SIGNIFICANT gold values found in drill core on the northern part of the Project area is especially significant when combined with the FANTASTIC gold discovery in drillholes Z027 and Z029, located more than 2 km to the southeast. This means that a considerable portion of the project area is generally enriched in gold mineralization.
The spacing between the drillholes bearing gold is around 450 m in the south and over 800 m in the north, with no drilling between these intersections. As a consequence, the potential for further significant gold intersections by drilling in and around these gold bearing zones is ENORMOUS. The location of these gold bearing zones in close proximity to the nickel-copper-PGE bearing Critical Zone rocks means that drilling will coincidently test for both gold mineralization and nickel-copper-PGE mineralization once Critical Zone rocks are intersected.
The Company's technical team are currently finalising the proposed locations of the next phase of drilling, and we look forward to commencing the next phase of exploration to advance the Project and simultaneously provide more confidence in Targets 1, the historical nickel resource, Target 2, the nickel-copper-PGE bearing Critical Zone mineralization and now Target 4, the gold mineralization".