ALTA EXPANDS EXPLORATION PIPELINE INTO COPPER AND MANGANESE MINING DISTRICTS
Alta Zinc Limited (ASX: AZI) is pleased to announce that it has lodged applications for two exploration licences (ELs) encompassing two of the most commercially significant copper mining districts in Italy.
HIGHLIGHTS:
- EL applications have been lodged over two of the most significant copper-rich mining districts in Italy at:
- Monte Bianco EL (8,200 ha) – situated in the Liguria region of the Northern Apennines and,
- Corchia EL (3,500 ha) – situated in the Emilia Romagna region.
- Mineralisation at both projects is hosted in copper-rich VMS systems mined up to the early 1970s with historical production grades of ca. 7% Cu at the Libiola mine and ca. 3-5% Cu at the Corchia mine, whilst the Gambetesa mine was Europe’s largest manganese producer in the late 1960s.
- Exploration will initially target near mine extensions before extending to step-out prospects.
Geraint Harris, MD of Alta Zinc commented:
“Since drilling started at Pian Bracca our Italian team have been very focused on exploration at Gorno which has delivered excellent results. Over the last 12 months, we have also considered ways in which to leverage our position in Italy to build an accretive and complementary metals portfolio. We are very excited by our application for these two new base metals projects that offer strong growth potential and to take advantage of the growing EV metal deficit in Europe. These projects are very complementary, however do not take our focus from Gorno and will add significant value for our shareholders.
Both ELs have excellent potential to extend the known deposits laterally and at depth, and our plan is to commence an initial low-impact and efficient program of geophysics and surface sampling once granted.”
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