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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Indomitable, Tiger Moth | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-2-2017: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Indomitable, Tiger Moth deposit at the Sandstone project. Drilling results incl. 44m @ 2.12g/t Au from 60m. Alto Metals Limited (ASX: AME, “Alto” or “the Company”) is plea | |
| Resources: | (Resource, Inf.): 561Kt @ 1.73g/t Au for 31200oz Au contained at Tiger Moth | |
| CP/QP: | [Overall Report]: Dermot Ryan (Internal) | |
| ABSTRACT: | Alto Metals Limited (ASX: AME, “Alto” or “the Company”) is pleased to report analytical results from 14 slimline reverse circulation/aircore (RC/AC) holes and 4 RC holes drilled at Indomitable and Tiger Moth prospects at the Company’s 100% owned Sandstone Gold Project in Western Australia. Results from the remaining 9 RC/AC holes are awaited. “These interim drilling results confirm that Alto has identified a new high-grade, steep east-dipping vein system at Indomitable and a second, high-grade west-dipping vein system, both of which are open at depth. We believe the 200m deep zone of oxidation at the prospect is the result of acid leaching of structurally controlled goldsulphide-quartz veins which lie below the oxide zone and remain to be drill tested. Follow-up drilling is planned”, said Alto’s Managing Director, Dermot Ryan. Initial drilling at Indomitable and Tiger Moth prospects confirms potential for shallow oxide gold resources along the 4km Musketeer - Indomitable Shear Zone (MSZ). This oxide gold mineralisation points to potential for major primary (fresh rock) gold mineralised system(s) along the MSZ. More extensive geophysical and drilling programs will be implemented in 2017, following the receipt of all assays from the 2016 maiden AC/RC drilling program, and the progressive compilation and review of Alto’s Sandstone database. | |
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