- Alta Zinc (AZI) has confirmed thick and high-grade mineralisation at the Ponente area of the Italian Gorno mine
- Results from two holes drilled and sampled have returned pleasing grades of up to 13.1 per cent zinc, 7.5 per cent lead and 38g/t silver from collar
- Alta Zinc plans to follow up on these results and drill an untested 400-metre-wide zone that contains potential mineralisation
- Drilling is also ongoing at the Pian Bracca south zone
- Company shares are trading flat at 0.6 cents
Alta Zinc (AZI) has received pleasing results from drilling and channel sampling at the Ponente area of the Gorno mine in Italy.
Latest results from two holes have confirmed thick and high-grade mineralisation which extends in a southerly direction.
These first holes started in mineralisation that had been previously sampled in the sidewalls, and the company has now confirmed this mineralisation extends into the roof and floor which increases its thickness.
Best results include 11.6 metres at 7.5 per cent zinc, 1.6 per cent lead and 17g/t silver, 9.3 metres at 9.2 per cent zinc, 2.5 per cent lead and 26g/t silver from collar including 6.4 metres at 13.1 per cent zinc, 3.5 per cent lead and 38g/t silver from collar.
“It is excellent to report thick and high-grade mineralisation from our first drilling location on the extreme western edge of Ponente, where historical development work has indicated many areas of contiguous and flat-lying mineralisation,” Managing Director Geraint Harris said.
“We have two drilling campaigns well underway at Ponente and Pian Bracca, and a pipeline of prospective and significant drill targets ahead of us,” he added.
Alta Zinc plans to follow up on these results and test a 400-metre-wide zone at Ponente Central. This zone contains potential mineralisation that is largely untested.
Company shares are trading flat at 0.6 cents at 1:08 pm AEST.