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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Lord Nelson | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/16/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-3-2020: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Lord Nelson deposit at the Sandstone project. Drilling results incl. 16m @ 5.5g/t Au from 240m. Alto Metals Limited (“Alto”) (ASX: AME) is pleased to announce the assay re | |
| Resources: | (Resource, I+I): 5.38Mt @ 1.67g/t Au for 290,000oz Au contained at project | |
| CP/QP: | [Overall Report]: Changshun Jia (Internal) | |
| ABSTRACT: | Alto Metals Limited (“Alto”) (ASX: AME) is pleased to announce the assay results from the first three RC drill holes targeting primary gold mineralisation beneath the shallow mined historical Lord Nelson pit, within Company’s +800km2 Sandstone Gold Project (“Project”). The Lord Nelson deposit occurs along the north-northwest striking shear zone (Trafalgar shear zone). The deposit is hosted by granodiorite intrusive rocks above a footwall ultramafic unit. The quartz-sulphide (mainly pyrite) veining mineralisation trends north-northwest, dipping approximately 50° to the west, with a shallow south-southeast plunge that follows the ultramafic footwall contact. Four-metre composite sample assays received for the first three deeper RC drill holes targeting primary gold mineralisation beneath the shallow mined historical Lord Nelson pit, with gold mineralisation intersected in every drill hole. Assay results include: Importantly, this drilling confirms the geological model of the mineralisation style and geological setting being identical to the that of the Lord Nelson deposit and is analogous to depth extensions demonstrated for many other major Yilgarn orogenic gold deposits. | |
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