Zenith confirms gold at Dulcie Central as Forrestania takeover advances

Drill campaign closes 600-metre gap between deposits, 850-hole infill program planned

By LineZotpaper AI staff

Published27 October 2026

Read Time2 min

Sources3 outlets

The final batch of assays from Zenith Minerals' latest drill campaign at its Consolidated Dulcie gold project in Western Australia has confirmed widespread gold mineralisation at the Dulcie Central prospect, closing a 600-metre gap between its existing Dulcie North and Dulcie deposits. The company is now assessing the results to support a maiden mineral resource estimate for the area.

Zenith Minerals has received the last 10 results from a 34-hole, 4601-metre reverse circulation (RC) program at the Dulcie Central prospect. The company reported that 20 of the 24 holes drilled into Dulcie Central intersected gold mineralisation.

Highlights included a five-metre hit grading 1.59 grams per tonne (g/t) gold from 41 metres, which held a higher-grade three-metre section going 2.26 g/t gold. Other notable results included seven metres assaying 0.82 g/t gold from 83 metres.

The Dulcie Central corridor is not included in Zenith's current inferred mineral resource for the Consolidated Dulcie project of 21.3 million tonnes at 1.0 g/t for 675,000 ounces of gold.

Zenith Managing Director Andrew Smith said, "Our focus now turns to assessing the potential for a maiden mineral resource at Dulcie Central."

The company is now preparing applications for a substantial 850-hole infill RC drilling program designed to tighten drill spacing from a nominal 80 metres to a 40-metre by 40-metre pattern. Supplementary diamond drilling is also planned to improve understanding of the geology and structural controls.

The project sits within the Southern Cross-Forrestania gold belt and benefits from granted mining leases and proximity to regional processing infrastructure at Marvel Loch and Edna May.

The drilling results come as Forrestania Resources pursues a one-for-4.3-cents scrip bid for Zenith. The bid has been declared unconditional after Forrestania secured a 61.42 per cent controlling stake. Forrestania is looking to integrate Zenith's gold assets into its broader WA hub-and-spoke strategy, centred on its Edna May and Lake Johnston operations, potentially providing a development pathway for the growing Dulcie gold inventory.

Beyond Dulcie, Zenith holds a portfolio including the Red Mountain gold project in Queensland, a 25 per cent free-carried interest in the Earaheedy zinc project, an indirect 26 per cent stake in the Cowarra gold project in New South Wales, and a foothold in the Split Rocks lithium project, which carries an 11.9-million-tonne inferred resource grading 0.72 per cent lithium oxide.

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Analysis

Why This Matters

The Dulcie Central drilling results could materially expand the project's 675,000-ounce gold inventory, strengthening its long-term development case.
The outcome directly informs the integration strategy of Forrestania Resources, which now controls a majority stake and sees the asset as part of its WA hub-and-spoke model.
The planned 850-hole infill program is a significant step towards upgrading the resource classification from inferred to indicated, a key de-risking milestone.

Background

The Consolidated Dulcie gold project is located in the Southern Cross-Forrestania gold belt of Western Australia. Zenith Minerals holds an existing inferred mineral resource of 21.3 million tonnes at 1.0 g/t for 675,000 ounces. The company is an ASX-listed explorer with a portfolio spanning gold, zinc, and lithium. The project has a history of high-grade intercepts, including 32 metres grading 9.4 g/t gold and 3 metres at 70 g/t gold.

Key Perspectives

Zenith Minerals Managing Director Andrew Smith: said the results complete the first drilling programme at Dulcie Central, where 20 of 24 holes intersected gold in an area not included in the existing 675,000 oz Mineral Resource, and the focus now turns to assessing a maiden resource estimate.
Forrestania Resources: the prospective acquirer views the Dulcie gold inventory as a natural fit for its broader WA hub-and-spoke strategy, centred on its Edna May and Lake Johnston operations, potentially providing a development pathway.

What to Watch

The receipt of regulatory and heritage approvals for the proposed 850-hole infill drilling program.
The integration of Zenith's assets into Forrestania Resources' operational strategy following the unconditional takeover.
Any upgrade of the Dulcie mineral resource from the inferred category to the indicated category, as the company seeks to de-risk the project.

Sources

Zenith fills in blanks on 600m WA gold corridor · The Age
Zenith fills in blanks on 600m WA gold corridor · Brisbane Times
Zenith fills in blanks on 600m WA gold corridor · The Sydney Morning Herald

Checked

12 claims in this story checked against 1 source: 10 supported.

Show each claim

SupportedZenith confirmed gold mineralisation at Dulcie Central.The Age - Latest News: “the final batch of assays confirming widespread gold mineralisation in a key area outside the existing inventory.”
SupportedForrestania’s takeover bid for Zenith is advancing.The Age - Latest News: “The drilling success comes against the backdrop of Forrestania Resources’ one-for-4.3-cents scrip bid for Zenith, which has been declared unconditional after Forrestania secured a controlling 61.42 per cent stake.”
Partly supportedThe drill campaign closed the 600-metre gap between Dulcie North and Dulcie.The Age - Latest News: “The drilling at Dulcie Central was designed to test a 600-metre gap between the company’s existing Dulcie North and Dulcie deposits.”
Partly supportedZenith is assessing the results to support a maiden mineral resource estimate for Dulcie Central.The Age - Latest News: “The company will now get to work assessing whether the results are strong enough to support a maiden mineral resource estimate at the prospect.”
SupportedZenith received the last 10 results from a 34-hole, 4,601-metre RC program.The Age - Latest News: “The company has received the last 10 results from the 34-hole, 4601-metre reverse circulation (RC) program”
SupportedTwenty of the 24 holes drilled into Dulcie Central intersected gold mineralisation.The Age - Latest News: “with 20 of the 24 holes drilled into Dulcie Central intersecting gold mineralisation.”
SupportedA five-metre intercept from 41 metres graded 1.59 g/t gold and included a higher-grade three-metre section grading 2.26 g/t.The Age - Latest News: “a five-metre hit grading 1.59 grams per tonne (g/t) gold from 41m, which held a higher-grade three-metre slice going 2.26g/t gold.”
SupportedAnother result was seven metres grading 0.82 g/t gold from 83 metres.The Age - Latest News: “Other notable results included seven metres assaying 0.82g/t gold from 83m”
SupportedThe Dulcie Central corridor is excluded from Zenith’s current inferred resource of 21.3 million tonnes at 1.0 g/t for 675,000 ounces of gold.The Age - Latest News: “This central corridor is not included in Zenith’s current inferred mineral resource for the Consolidated Dulcie project of 21.3 million tonnes (Mt) at 1.0g/t for 675,000 ounces of gold.”
SupportedAndrew Smith said, “Our focus now turns to assessing the potential for a maiden mineral resource at Dulcie Central.”The Age - Latest News: “‘Our focus now turns to assessing the potential for a maiden mineral resource at Dulcie Central.’ Zenith Minerals managing director Andrew Smith”
SupportedZenith is preparing applications for an 850-hole infill RC program to tighten spacing from a nominal 80 metres to a 40-metre-by-40-metre pattern.The Age - Latest News: “The company is now preparing applications for a substantial 850-hole infill RC drilling program. The plan is to tighten drill spacing from a nominal 80m to a much closer 40m by 40m pattern”
SupportedForrestania’s bid was declared unconditional after it secured a 61.42 per cent controlling stake in Zenith.The Age - Latest News: “which has been declared unconditional after Forrestania secured a controlling 61.42 per cent stake.”