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Tony Locantro highlights big resource boost for Alta Zinc and welcomes Pacgold listing Alto Capital s Tony Locantro discusses Alta Zinc Ltd s (ASX:AZI) resource update for its Gorno zinc-silver-lead deposit in northern Italy. It now hosts 3.3 times more contained zinc metal than previously thought, of which 60% lies in the indicated category. Locantro also talks Pacgold Ltd s (ASX:PGO) fully subscribed initial public offer which raised $6 million at 25 cents. The company is focused on progressing its key asset, the Alice River Gold Project in North Queensland. The Noosa Mining Conference also gets a mention as well as what he describes as a saturation of news announcements and the impact it s having on the market. ....
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. ....
S&P/ASX 200 trades near flatline as Sydney lockdown gets extended for another two weeks U.S. consumer prices have increased sharply amid supply constraints and a continued rebound in the costs of travel-related services. Spot gold was flat at US$1,806.07 per ounce on Wednesday. S&P/ASX 200 (INDEXASX:XJO) has gained 0.093% to 7,339 points by about 1.40 pm as Sydney’s current lockdown conditions were extended for at least another two weeks to July 30. Tech stocks were being dragged down by Afterpay (ASX:APT), which fell heavily after Bloomberg reported that Apple (NASDAQ:AAPL) plans to offer a competing buy-now pay-later product in partnership with Goldman Sachs (NYSE:GS). ....
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