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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Indomitable, Tigermoth | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-3-2017: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Indomitable, Tigermoth deposit at the Sandstone project. Drilling results incl. 10m @ 4.0g/t Au from 154m. Alto Metals Limited (ASX: AME, “Alto” or “the Company”) is please | |
| Resources: | (Resource, Total): 3.9Mt @ 1.9g/t Au for 238000oz Au contained at project | |
| CP/QP: | [Overall Report]: Dermot Ryan (Internal) | |
| ABSTRACT: | Alto Metals Limited (ASX: AME, “Alto” or “the Company”) is pleased to report analytical results from the remaining 10 holes of its maiden 25 hole slimline reverse circulation/aircore (RC/AC) program drilled along the Musketeer - Indomitable Shear Zone, and 4 RC holes drilled north of Lord Nelson and Lord Henry to test Induced Polarisation (IP) anomalies. “The extensive oxide gold mineralisation encountered in both the Alto and Troy Resources drill holes points to the potential for major primary (fresh rock) gold mineralised system(s) at depth along the Musketeer - Indomitable Shear Zone (MSZ). In orogenic gold deposits, the gold grades in the primary zone are expected to be much higher than the grades encountered in the oxide zone. Alto is planning a 20,000 m aircore and RC drilling program, commencing in March, to test the potential of the MSZ, and several other similar shear zones at Bulchina South and Wirraminna”, said Alto’s Managing Director, Dermot Ryan. Drilling has confirmed the strike of the shear hosted Indomitable gold mineralisation is over 200 metres, and remains open at depth and along strike. | |
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