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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Lord Nelson | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/27/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-2-2020: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Lord Nelson deposit at the Sandstone project. Drilling results incl. 24m @ 3.7g/t Au from 104m. Alto Metals Limited (“Alto”) (ASX: AME) is pleased to announce the first as | |
| 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 first assay results from RC drilling at the historic 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 (containing unmineralised basaltic xenolith) 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. Approximately 1,500m of exploration step out RC drilling, on 40m - 80m spacing, commenced in mid February. This step out drilling istargeting the strike extensions of known mineralisation 200m south of the Lord Nelson Pit, where Alto previously announced five RC hole assay results including 12m @3.4g/t gold from 66m1 . Four-metre composite samples assay returned for the first nine holes so far, with gold mineralisation intersected in every drill hole | |
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