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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Lord Nelson | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/27/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-5-2020: Alto Metals Ltd. announces a Resource Estimation report for its Lord Nelson deposit at the Sandstone project. Updated Mineral Resource Estimate for Lord Nelson Deposit. Alto Metals Limited (“Alto” or “the Company”) (ASX: AME) is pleased to anno | |
| Resources: | (Resources, I+I): 6.2Mt @ 1.7g/t Au (331koz Au) at Sandstone Project | |
| CP/QP: | [Resource]: Anthony Cook (Snowden Mining Industry Consultants Pty Ltd.) | |
| ABSTRACT: | Alto Metals Limited (“Alto” or “the Company”) (ASX: AME) is pleased to announce an update to the independent Mineral Resource Estimate for the Lord Nelson deposit and the Total Mineral Resource Estimate for the Sandstone Gold Project, Western Australia. Lord Nelson Resource Update The independent update of Mineral Resource estimate for Lord Nelson amounts to 1.8 million tonnes at 1.9g/t Au for 109,000 ounces gold (Table 1, Figure 1). The updated JORC 2012 Mineral Resource estimate by Snowden Mining Industry Consultants (Snowden) follows Alto’s successful ~3,700m RC drilling program at the Lord Nelson deposit earlier this year, which has intersected multiple high-grade (>10g/t Au) zones of gold mineralisation in both the oxide and fresh zone. Importantly the Lord Nelson deposit which contributes 33% of the Total Mineral Resource at Sandstone Project is still open in all directions, and warrants further drilling to determine its full potential, both along strike and to depth. Significant mineralisation has been returned from wide spaced deeper drilling (80m x 50m spacing) into a primary zone below Lord Nelson pit that sits outside the current resource (refer to the unclassified resources below the yellow line, Figure 1). These results include | |
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