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Energia Minerals Ltd.
Summary
| Project: | Gorno | |
|---|---|---|
| Deposit: | Colonna Zorzone | |
| Location: | Italy | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 11/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 15-11-2016: Energia Minerals Ltd. announces an Exploration/Drilling Update report for its Colonna Zorzone deposit at the Gorno project. Drilling results incl. 24.9m @ 4.2% Zn, 1.1% Pb, 14g/t Ag from 61.5m. Energia Minerals Ltd (ASX: EMX, “Energia” or “the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kim Robinson (Internal) | |
| ABSTRACT: | Energia Minerals Ltd (ASX: EMX, “Energia” or “the Company”) is pleased to provide an update on recent progress at its 100%-owned Gorno Zinc Project in northern Italy, where resource drilling and decline development work is continuing as part of the ongoing Definitive Feasibility Study (DFS). Ongoing diamond drilling at Gorno continues to expand the potential of the flagship Colonna Zorzone Deposit at Gorno, with recent assay results from outside the resource above the 940RL level featuring a 24.9 metre intersection grading 4.2% zinc, 1.1% lead and 14g/t silver in diamond drill hole GDD102 with an estimated true width of 11 metres. This intersection – together with a number of other recently announced high-grade intersections (14.9m grading 22.0% Zn+Pb in GDD082 and 7.1m grading 29.0% Zn+Pb in GDD083) within and outside the upper levels of the currently defined Inferred Resource – highlights the potential for the Colonna Zorzone Indicated Resource to increase in both grade and size. Drilling to the east above the 940 level (holes GDD094 – GDD097) has established that mineralisation continues over wide intervals at lower grades and remains open further to the east, however no further drilling is currently planned in this area as the priority has shifted to the drill-out of the main Colonna Zorzone ore body down to the 600 level. Both drilling rigs are now operating from nicchias (drill cuddies) excavated off the Exploration Decline with the primary objective of elevating the Inferred Resource down-plunge of the current Indicated Resource to Indicated status. Drilling in this area is being carried out on a nominal 50m by 60m pattern. | |
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