Alta Zinc Limited (ASX:AZI) (FRA:8EE) is pleased to announce high-grade drill intercepts and channel samples from a newly identified target area located 320m north of the high-grade Pian Bracca corridor.
The results are from areas inside one of the 13 exploration target areas, but significantly outside of the recently announced mineral resource estimate.
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Alta Zinc higher on recording three-fold increase in Gorno’s contained zinc with updated mineral resource
Alta recently completed extensive diamond drilling and channel sampling at the Italian deposit, adding an additional 4.5 million tonnes in mineral resource to Gorno’s existing estimates. Alta Zinc has significantly boosted the contained zinc resource at its Gorno deposit.
Alta Zinc Ltd (ASX:AZI) (FRA:8EE) has been as much as 25% higher in early trading on updating the mineral resource at its Gorno zinc-silver-lead deposit in northern Italy with the asset’s contained resources increased.
Overall, the project’s total mineral resource tonnage is now 2.4 times greater than previous estimates, while the zinc grade is 40% higher than Alta’s 2017 mineral resource estimate.