Zeus Resources Ltd. announced the Company has completed the drilling and sampling of its Wiluna Project (E53/1603 & ELA53/2197) in early September 2022. The Wiluna Project comprises one exploration licence (E53/1603) and one exploration licence application (ELA53/2197), covering part of the Kukkuburra Palaeochannel developed over granite and greenstone basement in proximity to the Lake Way SOP deposit of Salt Lake Potash Ltd. (ASX:SO4). The Company engaged Western Geophysics Pty Ltd. in WA to undertake the Phase 1 geophysical compilation and interpretation for gold targets in August 2021.

Based on the results of a desktop evaluation, this project is being re-positioned as a palaeochannel Sulphate of Potash (SOP (K2SO4)) project replacing the former uranium focus as well as a gold exploration project. The Company engaged Atlas Geophysics to complete a gravity survey (Phase 2), including gravity acquisition and processing (192 new gravity stations at 200m spacing on kilometre spaced lines) to cover the southern part of the Wiluna Project. Gravity data were acquired using Scintrex CG5 digital gravity meters and Hi Target differential GNSS receivers.

Expected accuracy of this gravity survey would be better than 0.02 mGal with recorded elevations accurate to better than 2cm. This gravity survey commenced on 14 November 2021 and lasted 4 days. The blue line is an interpretation of the Kukkuburra Palaeochannel axis which is approximately the deepest part of the channel.

The paleochannel extends southeast into the application area resulting in approximately 8 km lying within Zeus granted tenure and a further 15 km in pending tenure. This work has been used to define the two exploration aircore drilling locations (LWP001 and 002) in conjunction with historical drilling and rig access. Drill holes LWP001 and 002 were drilled using aircore techniques at 140mm diameter in early September by a multi-purpose water well rig.

The drill holes encountered a typical palaeovalley style sequence of quaternary alluvium, lacustrine clay and a basal channel sequence on top of granitic basement. LWP001 ended in granitic basement at 65m and appears to have slightly missed the basal channel. A mid-sequence sand and saprolite sand was encountered at 54m to 56m and from 63m to 65m respectively.

LWP002 encountered a basal channel sand and silcrete from 78m, with refusal in very competent silcrete at 85m still within the basal sand sequence. Figure 5 shows the sand and silcrete at 85m. The water table was encountered between 14 and 16m below ground level, water samples were obtained from the shallow quaternary alluvial sediments and the deep basal channel sediments and have been submitted for laboratory analysis.

Hypersaline brine was encountered in the basalchannel sequence however the chemical makeup of the brine is pending laboratory analysis. Airliftflow rates were measured within the basal channel aquifer of approximately 3L/s using a bucket and stopwatch from the cyclone discharge.