Energia Releases Maiden Resource for Colonna Zorzone Zinc Deposit

Energia Minerals Ltd. (ASX:EMX) released the initial indicated and inferred mineral resource estimate for the Colonna Zorzone deposit, located within its Italy-based Gorno zinc project.
As quoted in the press release:

The new Mineral Resource Estimate, which was independently estimated by the Company’s consultants Jorvik Resources Pty Ltd (“Jorvik”), follows a successful underground diamond drilling program over the last eight months.
The Maiden Resource Estimate paves the way for the next phase of evaluation of the Zorzone Deposit, which includes a Scoping Study to be completed by the end of this month. This initial JORC 2012 Resource Estimate will underpin the Scoping Study.
Using a cut-off grade of 1% zinc, the total Indicated and Inferred Resource calculated by Jorvik is 3.87 million tonnes grading 6.1% zinc, 1.6% lead and 25 grams per tonne silver for 238,000 tonnes of contained zinc, 63,000 tonnes of contained lead and 3.1 million ounces of contained silver.

Kim Robinson, managing director of Energia, commented:

We are very pleased by the strength of this Maiden Resource Estimate for Zorzone, which, amongst other things, demonstrates the remarkable continuity of this high-grade Mississippi Valley Type zinc deposit.
The Resource also confirms an unusually high silver content, which is anticipated to significantly enhance the project’s economic fundamentals.
Importantly, the ongoing drilling program at Zorzone has also clearly shown the potential to grow the Zorzone zinc resource while also demonstrating the potential of the broader Gorno region.
On the back of this initial Resource, we are well on track to complete the Scoping Study for Colonna Zorzone by the end of this month, which will help define the parameters for a potential new, low-cost zinc operation at Gorno.

Click here to read the full Energia Minerals Ltd. (ASX:EMX) press release.