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Energia Minerals Ltd.
Summary
| Project: | Gorno | |
|---|---|---|
| Deposit: | Colonna Zorzone | |
| Location: | Italy | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 5/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 3-5-2017: Energia Minerals Ltd. announces a Resource Estimation report for its Colonna Zorzone deposit at the Gorno project. Updated resource estimate for project. Energia Minerals Ltd (ASX: EMX or “Energia”) advises that it has received the updated Miner | |
| Resources: | (Resource, I+I): 3.3Mt @ 4.8% Zn, 1.3% Pb, 27ppm Ag (1.0% Zn cut-off) | |
| CP/QP: | [Resources]: James Ridley (Jorvik Resources Pty Ltd.) | |
| ABSTRACT: | Energia Minerals Ltd (ASX: EMX or “Energia”) advises that it has received the updated Mineral Resource estimate for the Colonna Zorzone Zinc Deposit at its 100%-owned Gorno Zinc Project in Northern Italy from its consultants, Jorvik Resources Pty Ltd. As a result of the in-fill drilling completed over the past year, the higher-confidence Indicated Resource estimate, at a 1% zinc cut-off, has increased by more than 100% to 2Mt grading 4.9% Zn, 1.3% Pb and 31g/t Ag within a total Indicated plus Inferred Resource estimate of 3.3Mt grading 4.8% Zn, 1.3% Pb and 27g/t Ag. While the key objective of upgrading the Indicated Resource category has been achieved, one consequence has been a reduction in overall tonnage and an approximate 20 per cent reduction in the overall resource grade compared with the previously announced March 2016 Mineral Resource estimate. The updated May 2017 Mineral Resource Estimate at various cut-off grades is set out in Table 1 below. The recent drilling has clearly confirmed the down-plunge continuity of the Colonna Zorzone Deposit for 1,500m over a vertical extent of approximately 500 metres (see Figure 1). There is also significant potential in the future to expand the resource further down-plunge. In addition to Colonna Zorzone, regional exploration opportunities exist that have thus far been untested by the Company and may be evaluated in the future. | |
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