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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Lord Nelson | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-7-2019: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Lord Nelson deposit at the Sandstone project. Drilling results incl. 12m @ 3.4g/t Au from 66m. Alto Metals Limited (“Alto” or “the Company”) (ASX: AME) is pleased to provi | |
| Resources: | (Resource, I+I): 5.38Mt @ 1.67g/t Au for 290,000oz Au contained at project | |
| CP/QP: | [Overall Report]: Dermot Ryan (XServ Pty Ltd.) | |
| ABSTRACT: | Alto Metals Limited (“Alto” or “the Company”) (ASX: AME) is pleased to provide an update on exploration activities at the Company’s flagship Sandstone Gold Project with approximately 6,300 metres of the total 10,000 metre RC drilling program now completed. The results of this latest drilling, on 80 metre step out, confirm the down plunge extensions of mineralisation at the Lord Nelson deposit, which currently has a (JORC 2012) Inferred Mineral Resource of 980,000 tonnes at 2.2 g/t Au for 68,000oz of gold. Further assay results from 17 holes completed at Vanguard and Tiger Moth remain pending and will be released to the market when available. Alto’s Chairman Terry Wheeler commented: “We are excited with these latest results from the Lord Nelson Southern Extension Corridor, which is the first drilling in the area for over 10 years. The program has confirmed that the mineralisation remains open down plunge and highlights the potential for additional tonnes and grade to be discovered in the beyond the current known Inferred Resource. These latest results again demonstrate the significant potential to grow the existing resources at Sandstone and we look forward to updating the market with more results in the coming weeks.” | |
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