Alta Zinc Ltd (ASX:AZI) (FRA:8EE) Managing Director Geraint Harris tells Proactive the group has raised A$3.75 million in a private placement, to further advance drilling at the Gorno Zinc Project in northern Italy.
Harris says the placement positions Alta with a strong cash balance of approximately A$5.7 million to extend the successful underground diamond drilling program at Pian Bracca and Ponente.