Altamin Limited (ASX: AZI) has identified a number of significant high-grade intervals both within and immediately beyond the current Mineral Resource estimate (MRE) at the Gorno Nickel Project in Italy.
Then company has now obtained high-grade assay results from the MRE step-out and infill drill program at the Gorno Project that is being funded by Vedra Metals Srl as part of the joint venture earn-in arrangements with Appian Italy BV.
To date 42 diamond holes have been drilled in the Zorzone and Zorzone East parts of the mine. Assays have now been received for the first 33 drill holes completed. The drilling focuses on extending the footprint of the MRE and infill drilling areas to achieve a higher confidence category.
Managing Director, Geraint Harris, said exceptional results have also been received from the extensional drilling have warranted testing of down-dip extensions to the south along the eastern edge of Zorzone, and south and south-east of Zorzone East.
“These results continue to confirm the high-grade nature of the Gorno mineralization and deliver new step- out opportunities for extensional mineral growth, accessible from existing underground development,” Mr Harris said.
“The more our exploration progresses, the deeper the team’s geological understanding becomes and it better positions us to vector into the high-grade and thicker portions of mineralization within the Gorno zinc district.
“The technical work is progressing, with bench and pilot scale metallurgical test work and DFS contractor assessment both well advanced to feed into the permitting and study processes.
The underground diamond drilling from Forcella level (940m RL) is currently drilling the central part of Zorzone East MRE after which the rig will move to a highly prospective near-mine exploration target south (down-dip) of Zorzone East and immediately below the Forcella level.
This programme will drill into the down-dip extensions of Zorzone East, where historical wide-space drilling began outlining mineralization immediately prior to mine closure in the late 1970’s. At that time, the mineralization was of sufficient interest for mine development to be initiated to access the area commencing with a decline from surface, however this was stopped due to the mine closure.
Additional drilling is planned for the west and east of the Forcella level and at the Piazzole level (990m RL). Further drilling phases are planned in the far northern (Cascine), north-western (Ponente) and eastern (Pian Bracca) areas of the mine.
For further information please visit: https://www.altamin.com.au/
