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Shares in Zenith Minerals Ltd (ASX:ZNC) have risen more than 13% as the company told investors it had sold its remaining 49% interest in the Develin Creek copper-zinc project in central Queensland to QMines Ltd (ASX:QML). The sale means that Zenith now holds a fairly large stake in QMines – with the sale delivering $687,500 worth of shares in the latter company (or 10,261,194 shares), as well as $975,000 in cash (plus GST). The two companies agreed to adjust the final consideration payable following a metallurgical test work program on the project, with the final payment forming the second par…

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