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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Lord Nelson | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/22/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-4-2020: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Lord Nelson deposit at the Sandstone project. Re-assay results incl. 16m @ 5.2g/t Au from 240m. Alto Metals Limited (“Alto” or “the Company”) (ASX: AME) is pleased to repo | |
| 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” or “the Company”) (ASX: AME) is pleased to report final 1m re-split assay results from the February-March RC drilling program (19 holes for 3,718m), targeting southern extensions of the Lord Nelson deposit and untested areas beneath the open pit, within the Company’s +800km2 Sandstone Gold Project. Lord Nelson Deeper Primary Mineralisation Final 1m assays have been received from drill holes targeting primary gold mineralisation in previously untested areas below the Lord Nelson open pit. The results are in line with previously released 4m composite results (refer ASX announcements on 16 March and 2 April) and confirm the continuity of wide zones of high-grade gold mineralisation at depth below the open pit. The Lord Nelson deposit was previously mined by Troy Resources NL down to 90m depth and produced 207koz at 4.6 g/t gold. The results of the recent drilling program support the Company’s view that the mineralisation style and geological setting of the Lord Nelson deposit and the newly discovered mineralisation below the open pit are analogous to many other Yilgarn orogenic gold deposits that extend to great depth. | |
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