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Alta Zinc (ASX:AZI) up 20pc after strong results from Italy

Mining
ASX:AZI      MCAP $17.55M
21 July 2020 17:00 (AEST)
Alta Zinc (ASX:AZI) - Managing Director, Geraint Harris

Source: The Market Herald

Alta Zinc (AZI) has reported further high-grade drilling results from Pian Bracca which is part of the Gorno Zinc Project in northern Italy.

Results from drill hole PBD17 returned multiple intersections of zinc, lead and silver mineralisation. These results support high-grade intersections that were previously reported in neighbouring holes.

Best results came from hole PBD17 and these include 7.6 metres at 8.2 per cent zinc, 3.4 per cent lead and 17g/t silver from 34.2 metres, and 0.7 metres at 12.5 per cent zinc, 15.5 per cent lead and 144g/t silver with the hole starting in mineralisation.

“It is marvellous to be back to report solid drill results after the pause in drilling and PBD17 has not disappointed,” Managing Director Geraint Harris said.

“Now that life has returned to normal for us at Gorno we have been able to dispatch the samples for a quick assay turnaround from the ALS laboratory in Romania, demonstrating the seamless cross-border logistics are functioning as efficiently as ever,” he said.

Mineralisation at Pian Bracca remains open to the north and south and also along strike to the east and west.

Alta Zinc recently announced it would restart its 18-hole, for 1500 metres, drilling program.

The drilling is currently stepping out to the west and is aimed at infilling the unexplored corridor that connects Pian Bracca and the defined JORC Mineral Resource at Zorzone which is 260 metres away.

Alta Zinc ended the day up a healthy 20 per cent with shares closing at 0.6 cents each.

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