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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Lord Henry | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-5-2017: Alto Metals Ltd. announces a Resource Estimation report for its Lord Henry deposit at the Sandstone project. Initial mineral resource estimate at Lord Henry + Upgrade of project's resource category. Alto Metals Limited (ASX: AME, “Alto” or “the | |
| Resources: | (Resource, I+I): 1.3Mt @ 1.6g/t Au for 69000oz Au contained at Lord Henry (at 0.8g/t cut-off) | |
| CP/QP: | [Resources]: John Graindorge (Snowden Mining Industry Consultants Pty Ltd.) | |
| ABSTRACT: | Alto Metals Limited (ASX: AME, “Alto” or “the Company”) is pleased to announce an Indicated and Inferred Mineral Resource of 1.3 million tonnes grading 1.6 g/t Au for 69,000 ounces of contained gold for the Lord Henry gold deposit, 30km south east of Sandstone and part of its extensive, 100% owned Sandstone Gold Project in the Murchison District of Western Australia. Alto’s Managing Director Dermot Ryan said: “Lord Henry has supported economic mining activity in the past and may yet play an important role in Alto’s plans to develop one or more new gold operations within its extensive tenure, which encompasses the majority of the historical Sandstone goldfield.” The Mineral Resource was independently estimated by Snowden Mining Industry Consultants Pty Ltd (‘Snowden’), is based on drilling by previous holder Troy Resources Ltd and is reported in accordance with the 2012 JORC Code. The Mineral Resource estimate is an update on a previous estimate by Troy and is based on data from 226 reverse circulation (RC) drill holes and three diamond holes drilled by Troy between 2004 and 2009, and is depleted for all known historical mining. Snowden considers there is potential for economic extraction in the areas classified as Indicated and Inferred Resources, and there are no known impediments to mining. The Mineral Resource has been reported above a 0.8 g/t Au cut-off based on historical mining and mining of similar deposits. | |
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