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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Sandstone North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-2-2019: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Sandstone North deposit at the Sandstone project. Drilling results incl. 3m @ 32.1g/t Au from 94.0m. Compilation and review of previous explorer’s data has confirmed that | |
| Resources: | (Resource, I+I): 4.870Mt @ 1.7g/t Au for 261Koz Au contained at Sandstone | |
| CP/QP: | [Overall Report]: Dermot Ryan (Xserv Pty Ltd.) | |
| ABSTRACT: | Compilation and review of previous explorer’s data has confirmed that high-grade gold mineralisation exists at the Sandstone North Prospect. Reverse circulation (RC) drilling is planned for Q1, 2019, to test for along strike and down-dip/down plunge extensions to the mineralised zone. Commenting on these results, Alto’s Executive Director Dermot Ryan said: “Sandstone North is somewhat different from other known gold deposits at Sandstone, in that the gold mineralisation is hosted in a sulphidic quartz vein system within sheared pyritic sediments, adjacent to an ultramafic unit. The high grade nature of the mineralisation and the under explored/under drilled nature of the deposit makes it an attractive exploration target for 2019.” The Sandstone North Prospect is located approximately 6km north of the town of Sandstone and lies approximately 1km east of the Sandstone - Wiluna road. The prospect includes the historic Oroya Extended workings where small pits and shafts extend north-south over a strike length of approximately 300m. Historical production is recorded at “223 fine ounces of gold from 282 tonnes of ore at an average grade of 24.6 g/t Au”. | |
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