- Alta Zinc (AZI) gets high-grade results from a new target area to the north of the Pian Bracca corridor which is part of the Gorno project in Italy
- Results from north of the corridor confirm the mineralisation is more widespread than initially thought
- Results from the Ponente area has intersected mineralisation 100 metres east and west of the mineral resource area
- Alta Zinc has paused drilling so it can focus on reconnaissance work to gain a better understanding of the area and collect more channel samples
- AZI’s shares are down 2.47 per cent to trade at 7.9 cents at 2:42 pm AEDT
Alta Zinc (AZI) has announced high-grade results from a new target area near the Pian Bracca corridor which is part of the Gorno project in Italy.
The company conducted drilling and channel sampling which targeted an area 320 metres north of Pian Bracca that was identified by a previous induced polarisation program.
Results include 2.4 metres at 39 per cent zinc, 2.8 per cent lead and 90 grams of silver per tonne (g/t), and 4.7 metres at 29 per cent zinc, 3.7 per cent lead and 90g/t silver.
The company believes these results confirm the mineralisation is far more widespread than previously thought.
Alta Zinc also received results from the Ponente area which intersected mineralisation 100 metres east and west of the mineral resource area and confirmed up to five metres of increased thickness of zinc sulphide mineralisation.
Results include 2.2 metres at seven per cent zinc, 2.2 per cent lead and 29g/t silver, 3.7 metres at 7.3 per cent zinc, 1.8 per cent lead and 19g/t silver, and 4.9 metres at 6.9 per cent zinc, 1.8 per cent lead and 9g/t silver.
Managing Director Geraint Harris commented on the results.
“We were very pleased that our recent drilling is already delivering results that support our exploration target assessment and we are expanding the known mineralisation outside of our JORC mineral resource area,” he said.
“We believe in this way Gorno will grow to be recognised as a tier one base metals asset.”
Alta Zinc has temporarily paused drilling so it can undertake reconnaissance work ahead of a step-out exploration program. This will aim to refine the structural understanding of the area and provide JORC-compliant channel samples for a potential future resource upgrade.
AZI’s shares were down 2.47 per cent to trade at 7.9 cents at 2:42 pm AEDT.