All tagged Energia Minerals ASX:EMX
Energia Minerals (ASX: EMX) has released its results for the three months to September 30, with work progressing at its Gorno zinc project in Italy. Exploration programs have highlighted excellent potential for extensions, while the option of an underground processing plant adjacant to the mine at Colonna Zorzone has been selected for a detailed study. Technical studies are nearing completion and will form the basis for an optimal drilling and development strategy.
Energia Minerals (ASX: EMX) has released assay results from an underground grab sampling program at its Gorno zinc project in Italy. The findings suggest a wider and more continuous mineralisation than previously interpreted, while geological observations suggest the existence of a consistent, mineralised layer. The observed trend is likely to extend to link up with the existing Colonna Zorzone resource.
Energia Minerals (ASX: EMX) has appointed Fabio Granitzio as exploration manager - Italy. In his new role Mr Granitzio, who boasts almost two decades of experience across base and other metals and in project evaluation and mining, will drive Energia's exploration strategy at its zinc projects in northern Italy. His key focus will be on the Gorno project, where Energia is working on a mine redevelopment plan.
Energia Minerals (ASX: EMX) has added to its zinc inventory potential in northern Italy following the grant of an exploration licence covering the historic high-grade Salafossa mine. In line with Energia's strategy for the flagship Gorno project, the focus at Salafossa will be on analysing historical geological data to highlight nearby exploration targets that can be turned into a mineral resource. Like Gorno, Salafossa is close to existing infrastructure.
Whitebark Energy (ASX: WBE) says the Xanadu-1 high-impact exploration well in the Perth Basin should intersect its primary and secondary targets this week. Xanadu-1 spudded eight days ago and is targeting a 160 million barrel oil prospect, just off the Dongara coast. Whitebark's participation in Xanadu complements a steady expansion of its low-risk, cash flow-generating onshore operation in Alberta, Canada, by drilling more wells.
Low-cost exploration by Energia Minerals (ASX: EMX) at its flagship Gorno zinc project in northern Italy has identified four key target zones that each have the potential to add to the overall project resource. Energia's work is focused on identifying near-resource opportunities to boost Gorno's resource and assist in mine planning. The exploration work is perfectly timed - the zinc cash price is on the march and was worth $US3108.5/t on the LME last night.
A strong zinc price outlook and the quality of the Gorno project have ensured that Energia Minerals' (ASX: EMX) rights issue closed oversubscribed. The Perth-based developer of the Gorno zinc project in northern Italy closed the 2-fo-5 issue this week, having raised the maximum $3.132 million. The funds will allow Energia to step up development at Gorno, including revising the start-up scope and carrying out exploration to test the regional zinc endowment.
Energia Minerals (ASX: EMX) has used its June quarterly to confirm a new strategy for its flagship Gorno zinc project in Italy, with eyes firmly on capturing the forecast global shortage of the anti-corrosion agent. The Gorno push is focused on revising the project scope based on evaluation of the regional zinc endowment, and an ongoing study of production options for a starter-project based on the existing resource of 3.3Mt grading 4.8% ZN, 1.3% Pb and 27g/t Ag.
Energia Minerals (ASX:EMX) has recorded high zinc assay grades - of up to 47.5% - from underground grab sampling at its Gorno project in northern Italy. The sampling was done along the exposed walls of the Pian Bracca zone, 270m east from Gorno's existing Colonna Zorzone resource. This low-cost exploration push is designed to test Energia's theory that Gorno's zinc endowment extends beyond the current resource.