Announcement Date: 2021-11-15
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Alta Zinc Ltd.
Project name: Gorno
Location: Italy
Commodities: Silver,Lead,Zinc
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Alta Zinc Limited (Alta or the Company) (ASX: AZI) is pleased to announce an update to the Mineral Resource estimate (MRE) (Figure 1) for its Gorno zinc-lead-silver deposit in the northern Italian Province of Bergamo. Geraint Harris, MD of Alta Zinc commented: “I am delighted that the ongoing work and assessment by our geology team has resulted in an updated MRE with 18% more tonnes now in the Indicated category and 27% fewer tonnes in the oxide component of the mineralisation. This knowledge increase in very specific areas of the Mineral Resource is a direct result of our ability to get underground and directly map the rocks, allied with leveraging the extensive historical exploration records we have at Gorno. Future technical studies will now utilise this updated Mineral Resource base to produce a further de-risked mining plan.” The deposit is approximately a 3-hour drive from the main Port of Genoa, and a 1-hour drive from Bergamo International Airport (Figure 2). The MRE update was completed by CSA Global Pty Ltd (CSA Global) in Perth, Australia. The modelling methodology and principal data files used in this update are the same as that used in July 2021. The following has been taken from the Company’s ASX release “Major Mineral Resource Upgrade at Gorno” dated 14 July 2021; the principal changes are to Table 1 and Figure 7.
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