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- Alta Zinc’s contractor has begun drilling at the Gorno Zinc Project in northern Italy
- The 30 hole program will target the high priority Pian Bracca zone
- The company will provide updates when they become available
- At market close Alta’s share price is up an even 20 per cent with shares trading for 0.6 cents apiece
Alta Zinc’s contractor Edilmac Srl has started drilling into the Pian Bracca exploration zone of the Gorno Zinc Project.
Establishing work and mobilisation has progressed both safely and on time with the first results expected in December.
Located in the Lombardia region in northern Italy, the Gorno Project is a lead-zinc-silver deposit of the Mississippi Valley Type (MVT) and is part of an extensive series of deposits that occur across the Alps and European Platform.
Historical production sits at 6 million tonnes at an average grade of 14.5 per cent zinc and lead. High quality zinc sulphide concentrates 55-60 per cent, and zinc oxide concentrates, 30-40 per cent, with low impurities, were also intersected.
Drilling will be targeting the previously reported, high priority PB Zone. This follows on from recent channel sampling from access points within the drilling target zone which returned high-grade assays over 16.4 per cent zinc, 4.5 per cent lead, and 62g/t silver.
Historical exploration and structural data have been used to generate and refine multiple drill targets and drill core from the PB Zone will be used to provide additional insight into the structural geology of the zone.
Results will also be used to progress the structural understanding of the other high priority drill targets in the district.
“The commencement of this maiden drilling campaign at Pian Bracca is our first step in delivering our expanded brownfields strategy,” Managing Director Geraint Harris said.
“We have selected Pian Bracca as the first of many drill-ready targets identified from our extensive historical data in conjunction with recent channel sampling. We look forward to the strong near-term news flow that this drilling will produce and importantly, how the new structural data will help delineate the true potential of the Gorno Project,” he added.
At market close, Alta Zinc’s share price is up an even 20 per cent with shares trading for 0.6 cents apiece,
