- Alta Zinc (AZI) has announced pleasing results of four holes from its ongoing diamond drilling program in the Pian Bracca Zone of the Gorno Zinc Project
- Exploration began in November last year to target the mineralisation and geology in the east-central part of the zone
- Latest results have confirmed thick, high-grade intercepts of zinc, lead and silver mineralisation
- In addition, drilling expanded high-grade mineralisation 20 metres beneath the zone
- This phase of drilling will likely continue until the end of quarter 2 2020
- Alta Zinc’s shares remain flat this morning and are trading at 1 cent each
Alta Zinc (AZI) has announced pleasing results of four drill holes from its ongoing diamond drilling program in the Pian Bracca Zone of the Gorno Zinc Project.
The drill program commenced in November 2019 to target the mineralisation and geology in the east-central part of Pian Bracca.
Latest results have confirmed thick, high-grade intercepts of zinc, lead and silver mineralisation.
Best results include: 12.0m at 9.5 per cent zinc and 2.6 per cent lead (12.1 per cent zinc + lead) and 38g/t silver from 56.9m (PBD02), 10.7m at 11.8 per cent zinc and 3.0 per cent lead (14.8 per cent zinc + lead) and 52g/t silver from 58.0m, and 12.1m at 15.1 per cent zinc and 4.3 per cent lead (19.4 per cent zinc + lead) and 60g/t silver from 59.5m (PBD05).
“These results validate our team’s long held conviction that Pian Bracca is a top priority exploration target for significant thick and high-grade mineralisation, and demonstrates that the Gorno Project has further exploration upside beyond historically known zones of mineralisation,” Managing Director Geraint Harris said.
Additionally, drilling demonstrated the continuity and high-grade nature of a second layer of mineralisation which lies about 20 metres below the Pian Bracca Zone.
Results include: 8.5m at 17.0 per cent zinc and 2.0 per cent lead (19.1 per cent zinc + lead) and 19g/t silver from 23.4m (PBD02).
Significantly, a third zone of mineralisation has been intersected above the Pian Bracca thrust in an area which was previously thought to bare very little potential.
“This is especially exciting when one considers the great lateral extent of mineral prospectivity in the district as evidenced by prior mining,” Geraint added.
Drilling is currently progressing on budget and schedule. The company expects the next batch of core will be shipped for assaying early next month with results expected shortly after.
This phase of drilling is expected to continue until the end of the second quarter 2020.
Alta Zinc’s shares remain flat this morning and are trading at 1 cent each at 11:13 am AEDT.