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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Ladybird | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-1-2019: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Ladybird deposit at the Sandstone project. Drilling results incl. 5.0m @ 29.4g/t Au from 8.0m. Compilation and review of previous explorer’s data has confirmed that shallo | |
| Resources: | (Resource, I+I): 4.870Mt @ 1.7g/t Au for 261Koz Au contained at Sandstone | |
| CP/QP: | [Overall Report]: Dermot Ryan (Xserv Pty Ltd.) | |
| ABSTRACT: | Compilation and review of previous explorer’s data has confirmed that shallow high-grade gold mineralisation exists at the Ladybird Prospect. Although the mineralised zone is relatively narrow and steeply dipping, the grade and continuity of mineralisation suggests that the deposit could be amenable to open pit mining in its upper reaches. Alto has commissioned Dr Spero Carras of Carras Mining Pty Ltd to prepare a JORC (2012) Mineral Resource Estimate for the Ladybird deposit. This should be completed in February 2019. Further RC drilling is planned to test for along strike and down-dip extensions to the mineralisation which could potentially expand the mineralised zone. In 1986 Western Mining Corporation (WMC) carried out a regional lag geochemical survey which highlighted the historical Lady Mary prospect and also two anomalies to the NW and SE of Lady Mary. The anomaly 1km SE of Lady Mary (named “Ladybird”) reported peak assays of 380ppb Au and 280ppb Au on adjacent lines 400m apart. | |
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