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Alta Zinc (ASX:AZI) - Managing Director, Geraint Harris
Managing Director, Geraint Harris
Source: Metal Bulletin
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  • Alta Zinc’s (AZI) recent drill program has stepped out known mineralisation at the Gorno Project in northern Italy
  • Two drill holes returned significant intersections which have extended the site’s Pian Bracca zone by a further 140 metres to the west
  • After combining these results with previous drill work at the site’s Zorzone area, the company now believes that mineralisation could extend further in multiple directions
  • In related news, Italy has lifted its COVID-19 operational restrictions, allowing the company to recommence exploration activities at the site
  • Alta Zinc shares are trading almost 16 per cent lower today, currently worth 0.5 cents each

Alta Zinc’s (AZI) recent drill program has stepped out known mineralisation at the Gorno Project in northern Italy.

Two drill holes returned significant intersections which have extended the site’s Pian Bracca Zone by a further 140 metres to the west.

The first hole intersected 3.7 metres at 12 per cent zinc, 6.4 per cent lead, and 78 grams per tonne of silver, beginning at 79 metres depth.

The second hole returned an assay of 2.4 metres at 27 per cent zinc, 6.4 per cent lead, and 59 grams per tonne of silver from 37.6 metres down.

The results have been combined with previous drill work from 2019, which targeted the site’s Zorzone area mineralisation. Consequently, the company now believes that high-grade thrust-style mineralisation now occurs around 30 metres higher than typically seen in the Zorzone area.

This suggests the known mineralisation in this area could be further extended.

In related news, Italy has lifted COVID-19 operational restrictions, allowing the company to recommence exploration activities at the site. All cores drilled before the shutdown came into effect are now ready to be shipped for analysis.

The company will release the assay results as they become available.

The Managing Director of Alta, Geraint Harris, said the recent work demonstrates how extensive the mineralisation at Gorno truly is.

“The drilling continues to show excellent continuity of all mineral horizons and this 140-metre step out is very material in defining additional metal in the ground,” Geraint explained.

“The exciting new discovery of thrust-style mineralisation lying above the previously drilled stratabound mineralisation at Zorzone clearly demonstrates the opportunity that exists for the company to make significant step-outs in all directions from the Pian Bracca area,” he said.

Despite yesterday’s news, Alta Zinc shares have lost 16.67 per cent today. At lunchtime AEST, shares are trading for 0.5 cents each in an $11.01 million market cap.

AZI by the numbers
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