Zuleika Gold says promising results from campaigns at its namesake Zuleika project near Kalgoorlie in Western Australia and its nearby Credo project with joint venture partner Torian Resources have delivered a solid platform to launch its next round of drilling.
In the past year the company has sunk approximately 23,000m of air core and RC drilling at the ventures and is now looking to plunge a further 20,000m to advance exploration and test new prospect areas identified in earlier work.
Last year, Zuleika and Torian completed a 31-hole AC and RC drilling operation at Credo totalling 2233m. The campaign was aimed at targeting down dip mineralisation and assessing the region’s potential for shallow mineralisation previously emphasised through historical drilling.
The duo has to-date received the preliminary results for 29 holes at Credo and expects to get its hands on the remaining two later this month.
Notable intersections from the Credo campaign include a 9m strike going 1.93 grams per tonne gold from 114m with a higher grade 5m component at 3.32 g/t gold from 114m.
AC drilling at the nearby Credo East prospect include a 12m section running 0.52 g/t gold from 45m with a richer 3m inclusion grading 1.69 g/t gold from 46m.
The joint venture operation with ASX-listed Torian Resources and is operated and managed by Zuleika. The project is 5km west of Norton Goldfield's Paddington Gold Mine.
Work at the Zuleika gold project was intended to follow “outstanding” 2021 results including 4m at 4.93 g/t gold from 71m with a richer 1m hit grading 18.48 g/t gold from 72m and a 10m strike going 2.53 g/t gold from 51m with a 1m section at 9.8 g/t gold from 52m.
The explorer's flagship Zuleika gold project is located in the gold-rich Kundana-Ora Banda district of the Kalgoorlie Goldfield and takes in a 223- square kilometre land package.
The operation sits amongst a suite of major regional structures within a highly prospective region that has churned out more than 20 million ounces of gold in the past 30 years.
The company is now putting the finishing touches on a comprehensive follow-up campaign that will look to test a suite of compelling prospects and is set to hit the go button on a drill program once it collects the necessary permits and heritage surveys.
The company is well stocked to bankroll its plan of attack following the recent conclusion of a $3 million share placement by high-profile investor Mark Creasy.
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