Zenith Minerals Limited announced Visible Gold confirmed in Diamond Drilling at Red Mountain Gold Project. Diamond core drilling results from the most recent two holes at the Red Mountain gold project in Queensland have extended the high-grade gold zone to 180 vertical metres. Gold mineralisation still remains open at depth and will be the focus of further step-out drilling planned to recommence in February 2021. The newly intersected gold mineralisation is associated with base metal stringer veins with 5 separate occurrences of visible gold now confirmed in drill hole ZRMRD040, the last occurrence noted was at the end of the hole. Significance of these new assay results: Ongoing exploration activity at the 100% owned Red Mountain gold project located in Queensland is continuing to provide highly encouraging high-grade gold drill assay results. Drilling to date has outlined a discrete sub-vertical high-grade gold zone (Western Zone) to a vertical depth of 180m, with the zone remaining open at depth and will be the subject of ongoing drill testing. New assay results from 2 diamond core holes completed late in CY2020 have now been received extending high-grade gold mineralisation to a depth of 180m below surface. High-grade gold was intersected in both holes (ZRMRD038 and 040) with individual assays peaking at 34.2 g/t Au and 10.4 g/t Au respectively. Results were particularly strong in hole ZRMRD040 with zones of high-grade gold intersected from 111m down hole to the end of hole at 201.7m. The mineralisation appears to be associated with a stockwork of base metal stringer veins in altered diorite, granodiorite and granite with the 5 separate occurrences of visible gold now confirmed by assay results. An occurrence of visible gold was noted in core at the end of the hole, post drilling completion. Drill hole ZRMRD038 deviated south of its planned position and intersected a dolerite dyke in the predicted main gold target area. This dolerite dyke may have stoped out gold mineralisation at the intercept point. Red Mountain - Drill Program Rationale: Results from drilling to date at the Red Mountain Gold Project outline a zone of high-grade near surface gold mineralisation in a steep easterly dipping zone hosted by altered granitoid rocks, on the western margin of a sub-vertical felsic volcanic breccia pipe. The project is in south east Queensland, lying about halfway between two gold mines Cracow and Mount Rawdon. The current drill program has focus on the western part of the prospect area. This area is part of a larger total target zone extending some 2.2 km around the rim of the breccia pipe. Mineralisation at Red Mountain is considered by Zenith to be analogous to known gold deposits in Queensland. Evidence includes a zoned system with geochemistry like that documented at third party owned Queensland gold deposits such as Mt Wright which is located 65km east of Charters Towers and the nearby Mount Rawdon Gold Mine. Gold mineralisation at Mount Wright occurs within both brecciated rhyolite and granite close to the margin of a rhyolite breccia pipe in a geological setting very similar to that at Zenith's Red Mountain gold project. The form and shape of the Mt Wright ore body is that of a sub-vertical pencil like body with mineralisation having a strike length of only 200m but vertical extent of over 1.2km (Figure 6). The Mt Wright gold deposit was exploited by Resolute Mining Limited as an underground operation with combined production and reserves exceeding 0.9Moz Au within total resources of 1.1Moz Au.