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Alta Zinc Limited (ASX:AZI) Gorno Innovation Receives EU Booster Funding and Support
Gorno Innovation Receives EU Booster Funding and SupportPerth, July 27, 2021 AEST (ABN Newswire) - Alta Zinc Limited (
FRA:8EE) is pleased to announce it has successfully received funding support for an innovative remote sensing and laser project at Gorno through the EIT RawMaterials program, established by the European Raw Materials Alliance (ERMA) under the EU s intiative to secure sustainable access to vital raw materials as key enablers for a globally competitive, green, and digital Europe.
Alta became a member of the ERMA in January 2021, aligning with the EU aim of providing reliable access to key raw materials and recognising the benefit of being part of a unique network of organisations across the raw materials value chain. Alta is aiming to provide a European source of very high-grade, clean, low-impurity zinc and lead concentrates from Gorno by 2024.
Alta Zinc Limited (ASX:AZI) Major Mineral Resource Upgrade at Gorno
FRA:8EE) is pleased to announce the updated Mineral Resource estimate (MRE), as shown in Figure 1 , for its Gorno zinc-lead-silver deposit in the northern Italian Province of Bergamo. 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 was completed by CSA Global Pty Ltd (CSA Global) in Perth, Australia.
Geraint Harris, MD of Alta Zinc commented: Alta shareholders have now been rewarded by this very positive Mineral Resource upgrade, based on results from the recent drilling programs in the new areas of Pian Bracca and Ponente. The outcome is a more than three-fold increase in the amount of zinc metal and a more than 40% increase in the global metal grades contained in the Mineral Resource estimate for the Gorno deposit. This is partly due to an increase in the thicker and higher-grade mineralisation, found
Alta Zinc Limited (ASX:AZI) (FRA:8EE) is pleased to announce the results of drill holes POD11 to POD13 and five channel samples (POCH12-16) which returned multiple intersections of zinc, lead and silver mineralisation from new drill locations in the Ponente area of the Gorno Mine.
Alta Zinc Limited (ASX:AZI)(FRA:8EE) is an emerging ASX-listed exploration and development company focused on unlocking dormant value at the Gorno Project. Gorno is an historic high-grade zinc mine in industrialised Northern Italy, proximal to smelters and key infrastructure and with a track record of producing high quality clean concentrates to European Smelters.