- Alta Zinc (AZI) reveals the exploration target for the area within and around the Gorno Mine in Northern Italy
- The target is between 17 and 22 million tonnes with highest grades at 10.4 per cent zinc, 2.4. per cent lead, and 23 grams per tonne silver
- AZI says the target confirms the geological potential to extend the size and scope of Gorno into a Tier 1 zinc asset in the coming years
- The company is focused on drilling at Ponente as it looks to expand the Mineral Resource Estimate for the project
- Shares in Alta Zinc ended Wednesday up 2.47 per cent at 8.3 cents per share
Alta Zinc (AZI) revealed its exploration target for the area within and around the Gorno Mine in Northern Italy.
The Gorno Project’s exploration target sits at between 17 million tonnes (Mt) and 22Mt with highest grades of 10.4 per cent zinc, 2.4. per cent lead, and 23 grams per tonne silver.
The target includes the 13 areas explored within AZI’s exploration licence, but it doesn’t take into account the prospective areas to the east and south or the historical Fortuna workings.
Commenting on the target, Managing Director Geraint Harris said it confirmed the geological potential to extend the size and scope of Gorno into a tier one zinc asset in the coming years.
“The development of our Exploration Target significantly leverages the knowledge synthesised during the last 18 months of exploration drilling and data analysis,” Mr Harris said.
“The fact our significant MRE upgrade is surrounded by evidence of continuing mineralisation gives great confidence that we have an opportunity to add considerable scale to our Gorno Project without the need for any additional permitting, land acquisition or extension of our current exploration licence.”
Beyond today’s exploration target, Alta remains focussed on drilling at Ponente as it looks to expand the mineral resource estimate for the Gorno Project.
The updated MRE, as well as further exploration work at Gorno, will be incorporated into a definitive feasibility study being produced by AZI next year.
Shares in Alta Zinc ended Wednesday up 2.47 per cent at 8.3 cents per share.