08/12/2014 - 12:31

Enterprise, Zenith to receive government drilling support

08/12/2014 - 12:31

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Local resource explorers Enterprise Metals and Zenith Minerals have received state government co-funding for drilling exploration projects in Western Australia.

Enterprise, Zenith to receive government drilling support
Enterprise is funding drilling for copper and zinc prospects.

Local resource explorers Enterprise Metals and Zenith Minerals have received state government co-funding for drilling exploration projects in Western Australia.

Enterprise will garner up to $150,000 towards drilling at its Doolgunna copper and zinc project, with the government to match the company’s expenditure.

It follows a successful capital raising of nearly $1.2 million in June.

Zenith is receiving an $80,000 refund of drilling costs on its Earaheedy manganese targets, which it plans to test next year with a 100-hole drill program.

The company said rock chip sampling had provided high-grade manganese results.

Zenith also completed a capital raising of $1 million this year, in September.

Enterprise was unchanged on the news at 4 cents per share, while Zenith remained on 5.7 cents per share at the time of writing.

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