Alta Zinc progresses battery metal exploration campaign at Punta Corna Project in northern Italy
- Alta Zinc doubles down on large-scale exploration upside at Gorno Zinc Project
- Alta Zinc higher on recording three-fold increase in Gorno’s contained zinc with updated mineral resource
- Alta Zinc talks updated mineral resource and importance of Zinc in green revolution
Quick facts: Alta Zinc Ltd
Price: 0.085 AUD
Market Cap: $24.71 m
About the company
Alta Zinc Ltd (ASX:AZI) is an emerging exploration and development company focused on unlocking dormant value at the Gorno Zinc Project, a historic high-grade zinc mine in industrialised northern Italy, proximal to smelters and key infrastructure.
The company has one granted mining concession and three granted base metal exploration licences (consolidated) covering the Gorno Project in the Bergamo Province of the Lombardia region that has a long history of mining extending back to Pre-Roman (Celtic) times.
It also holds exploration licences in Piedmont, Italy, for the Punta Corna Cobalt Project and exploration properties in Australia.
How it is doing
The conceptual exploration target, which is thought to host between 17.4 million and 22 million tonnes of resource at anywhere from 8.5% to 10.4% zinc, includes 13 areas within AZI’s exploration licence and rubs shoulders with the historical Gorno zinc mine.
With an aim to increase the mineral resource estimate (MRE) at Gorno, Alta has started drill testing at two target areas, with drilling scheduled at three more in the coming months.
Ultimately, Alta hopes the target will support Gorno’s transition to a tier-one zinc asset in the years to come.
Alta Zinc Ltd (ASX:AZI) has discovered multiple mineralised veins with battery metals potential that extend into the company’s renewed Balme Exploration Licence (EL) from its adjacent and contiguous Ponta Corna Project in northern Italy.
Geological mapping and fieldwork have revealed extensions of several of the known mineralised veins from the Punta Corna EL into a northern valley of the Balme EL, extending the mineralised vein system 1 kilometre east and 0.7 kilometres north.
EIT RawMaterials was established by the European Raw Materials Alliance (ERMA) under the EU’s initiative to secure sustainable access to vital raw materials as key enablers for a globally competitive, green, and digital Europe.
Insight: Alta Zinc higher on recording three-fold increase in Gorno’s contained zinc...
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.
What management says
Alta Zinc Ltd's (ASX:AZI) (FRA:8EE) Geraint Harris joins Proactive London after updating the mineral resource at its Gorno zinc-silver-lead deposit in northern Italy. 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. Harris says 'Zinc for me is the sleeping giant, the fourth most traded metal on the planet and essential to the green revolution'.
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