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Energia Minerals Ltd.
Summary
| Project: | Gorno | |
|---|---|---|
| Deposit: | Colonna Zorzone | |
| Location: | Italy | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 7/4/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-7-2016: Energia Minerals Ltd. announces an Exploration/Drilling Update report for its Colonna Zorzone deposit at the Gorno project. Drilling results incl. 14.9m @ 17.6% Zn, 3.4% Pb, 40g/t Ag from 80.5m. Energia Minerals Ltd (ASX: EMX, “Energia” or Compa | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Andreazza, Kim Robinson (Internal) | |
| ABSTRACT: | Energia Minerals Ltd (ASX: EMX, “Energia” or Company) is pleased to report outstanding new results from resource in-fill drilling at its 100%-owned Gorno Zinc Project in northern Italy, where its strategy to fast-track the development of a new high-grade zinc project is progressing on several fronts. Ongoing drilling continues to expand the potential of the flagship Colonna Zorzone deposit at Gorno, with recent assays featuring spectacular new high-grade results with diamond drill hole GDD082 returning a 14.9m intersection grading 17.6% zinc, 3.4% lead and 40g/t silver. This intersection – together with a number of other recent high-grade intersections (2.6m grading 22.0% Zn+Pb in GDD059 and 7.1m grading 29.0% Zn+Pb in GDD083) within the upper levels of the currently defined Inferred Resource – highlights the potential for Colonna Zorzone to increase significantly in grade as in-fill drilling progresses. The GDD083 intersection included the highest grade intercept (1.15m grading 60.4% Zn+Pb) ever recorded from Colonna Zorzone. Drilling is continuing within the upper levels of the Colonna Zorzone resource, with the primary objective of elevating the Inferred Resource in this area to Indicated status. A second drilling rig will also now be remobilised to commence drilling from the Exploration Decline, now that it has reached its first drilling location. This rig will initially target extensions to the Indicated Resource to the south and east of diamond drill hole GDD045 (see Figure 2 attached). | |
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