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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Sandstone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-6-2019: Alto Metals Ltd. announces a Resource Estimation report for its Sandstone deposit at the Sandstone project. Updated mineral resource estimate at project. Alto Metals Limited (ASX: AME, “Alto” or “the Company”) is pleased to announce an update t | |
| Resources: | (Resource, I+I): 5.38Mt @ 1.67g/t Au for 290,000oz Au contained at project | |
| CP/QP: | [Resources]: Spero Carras (Carras Mining Pty Ltd.) | |
| ABSTRACT: | Alto Metals Limited (ASX: AME, “Alto” or “the Company”) is pleased to announce an update to the independent Mineral Resource estimate for the 100% owned Sandstone Gold Project in Western Australia which includes maiden resource estimates for the Havilah and Ladybird deposits. Alto’s Chairman Terry Wheeler commented: The Company is pleased to report this maiden independent gold resource estimate for Havilah and Ladybird. We view this as an interim resource upgrade, with scope to delineate significantly more gold ounces at the Sandstone Gold Project, both near surface and at depth. We now have a greater geological understanding of the structural controls and further exploration drilling shall be targeting resource expansion. With the 10,000 metre RC drilling program underway, we anticipate strong news flow over the next few months and a further upgrade to the resource estimate later in the year”. Alto Metals Limited is pleased to report a resource upgrade for the Sandstone Gold Project, Western Australia. The upgraded Mineral Resource contains the maiden Mineral Resource estimate for the Havilah and Ladybird deposits in compliance with the JORC (2012) reporting standard. The resources have undergone extensive work and interpretation by Alto’s geologists and resource consultant Dr Spero Carras of Carras Mining Pty Ltd. The Mineral Resource estimates for the previously reported deposits at the Sandstone Gold Project have not been updated from the previous estimates and are included in the global resource estimate reported here. The change in the reported tonnes and grade is derived solely from the inclusion of the Havilah and Ladybird deposits into the resource inventory. | |
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