- Alta Zinc (AZI) intersects high-grade zinc, lead and silver from drilling and channel sampling at the Gorno Mine in Italy
- Pleasingly, mineralisation extends a further 90 metres north at Pian Bracca and a further 180 metres north and 90 metres east at the Ponente West area
- Encouragingly, Alta Zinc identifies new mineralisation 260 metres east of where channel sampling returned high grades from Ponente Central
- Drilling is ongoing and will support an upcoming mineral resource estimate
- Alta Zinc ended the day 3.75 per cent in the red to close at 7.7 cents
Alta Zinc (AZI) has received results from nine drill holes and five channel samples from within the Gorno Mine in Italy.
Pleasingly, all these drill holes and samples returned multiple intersections of high-grade zinc, lead and silver, and extended the known mineralisation at the
Ponente West, Ponente Central and Pian Bracca South areas of the mine.
The company undertook channel sampling and drilling over three sites between Pian Bracca and Pian Bracca South.
This work extended the mineralisation by 90 metres north towards the Pian Bracca Central corridor. It also returned positive results including 2.4 metres at 26.8 per cent zinc, 6.5 per cent lead and 65g/t silver, and 2.4 metres at 21 per cent zinc, 6.6 per cent lead and 67g/t silver.
Ponente West and Ponente Central
Drilling also extended known mineralisation at the Ponente West area a further 180 metres north and 90 metres east.
Results from Ponente West include 2.6 metres at 8.6 per cent zinc, 1.4 per cent lead and 14g/t silver from 53 metres, and three metres at 12.4 per cent zinc, 2.2 per cent lead and 39g/t silver from 10.3 metres.
In addition, the company identified new mineralisation another 260 metres to the east where channel sampling returned high-grade mineralisation from Ponente Central.
Results from this area include two metres at 20.7 per cent zinc, 6.2 per cent lead and 50g/t silver, and two metres at 30.4 per cent zinc, 6.2 per cent lead and 38g/t silver.
“These results together with those from our last 18 months of successful exploration will support our upcoming mineral resource estimate (MRE), and build a platform for future project development,” Managing Director Geraint Harris said.
“Our drilling has now led us into several new areas to continue expanding the mineralisation footprint outside of and in addition to the upcoming MRE,” Mr Harris added.
The drilling effort is on going and the mineral resource update is expected early next month.
Alta Zinc ended the day 3.75 per cent in the red to close at 7.7 cents.