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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Lord Nelson | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-4-2017: Alto Metals Ltd. announces a Resource Estimation report for its Lord Nelson deposit at the Sandstone project. Mineral resource increase at Lord Nelson. Alto Metals Limited (ASX: AME, “Alto” or “the Company”) is pleased to announce a JORC (2012) | |
| Resources: | (Resource, Total): 0.98Mt @ 2.2g/t Au for 68000oz Au contained at Lord Nelson (at 0.8g/t cut-off) | |
| CP/QP: | [Resources]: John Graindorge (Snowden Mining Industry Consultants Pty Ltd.) | |
| ABSTRACT: | Alto Metals Limited (ASX: AME, “Alto” or “the Company”) is pleased to announce a JORC (2012) compliant Inferred Mineral Resource of 68,000 ounces of contained gold for the Lord Nelson Gold Deposit. This deposit is contained within the Company’s Sandstone Gold project, and is 100% owned by Alto. Lord Nelson is located on granted Exploration Licence 57/1031 and lies approximately 30 km southeast of the town of Sandstone in the Murchison District of Western Australia. The total Inferred Mineral Resource for the Lord Nelson deposit, reported above a 0.8 g/t Au cutoff grade, is estimated to be 980 kilo-tonnes (kt) grading at 2.2 g/t Au. This Mineral Resource estimate, by Snowden Mining Industry Consultants (Snowden), is based on holes drilled by Troy Resources NL (Troy) between 2004-2009, and includes data from 215 reverse circulation (RC) drillholes, 16 diamond drillholes (DD) and 18 rotary air blast (RAB) drillholes. RAB drillholes were only included in the near surface mineralised area to the east of the main deposit. Alto’s Managing Director Dermot Ryan commented: “It is anticipated that the Lord Nelson Mineral Resource will continue to grow with reverse circulation drilling planned which will test the primary (quartz sulphide) lodes down dip and to the south in 3rd Quarter 2017.” The Inferred Mineral Resource has been limited to 80m below the current mined pit, with all material below this remaining unclassified. In addition, the poorly informed southern extension of the main eastern mineralised domain is not classified. The Mineral Resource has been reported above a 0.8 g/t Au cut-off based on historical mining and mining of similar deposits. | |
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