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Energia Minerals Ltd.
Summary
| Project: | Gorno | |
|---|---|---|
| Deposit: | Colonna Zorzone | |
| Location: | Italy | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 3/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 24-3-2017: Energia Minerals Ltd. announces an Exploration/Drilling Update report for its Colonna Zorzone deposit at the Gorno project. Drilling results incl. 41.0m @ 3.75 Zn, 1.5% Pb, 40g/t Ag from 163.0m. Energia Minerals Ltd (ASX: EMX; “Energia” or Comp | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kim Robinson (Internal) | |
| ABSTRACT: | Energia Minerals Ltd (ASX: EMX; “Energia” or Company) is pleased to advise that it has now received the final assay results to be incorporated in the Definitive Feasibility Study (DFS) for its flagship 100%-owned Gorno Zinc Project in northern Italy, including some impressive new intercepts which further reinforce the robustness, continuity and grade of the Colonna Zorzone deposit. Metallurgical testwork for the DFS has also been completed and plant design is close to completion. Mine planning is well advanced and awaiting receipt of the revised resource before completion. The most recent drilling has focused on defining the southern part of the Colonna Zorzone deposit, which remains open in the deeper levels to the south and west, ahead of a new resource estimate due for completion in early April 2017. The updated resource will underpin the Definitive Feasibility Study (DFS), which remains on track to be finalised by the end of April. Work is now underway to calculate the new resource based on all of the drilling completed to date. In the meantime, drilling is continuing with two rigs operating from the base of the Exploration Decline to expand and further define the Colonna Zorzone ore body. Energia’s Managing Director, Mr Kim Robinson, said the Company was now in the final countdown to delivery of an updated resource estimate for Gorno, which in turn would pave the way for the Definitive Feasibility Study to be completed. “All of the assay results for inclusion in the DFS are now in, and work is well advanced on the updated resource – which we expect to finalise in early April,” he said | |
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