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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Tiger Moth | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-9-2018: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Tiger Moth deposit at the Sandstone project. Drilling results incl. 4m @ 2.8g/t Au from 6m. Alto Metals Limited (ASX: AME) (“Alto”, “the Company”) is pleased to advise tha | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dermot Ryan (Xserv Pty Ltd.) | |
| ABSTRACT: | Alto Metals Limited (ASX: AME) (“Alto”, “the Company”) is pleased to advise that 50gm Fire Assay (FA) results of 1m aircore (AC) samples from the shallow 44 hole program (SAC152-195) drilled at Indomitable North prospect in June have now been received. Note: Assay results of 4m composite samples from the 44 hole program were previously reported to the ASX on 10 July 2018. Together with previous explorer’s 1m FA drill results, these results have helped to extend the strike of the shallow flat lying (lateritic) gold mineralization at Indomitable North to over 180m. In addition, these results provide encouragement for further deeper drilling to discover the extent of oxide and primary gold mineralization below and around the laterite mineralization. Commenting on these results, Managing Director Dermot Ryan said: “Alto’s earlier aeromagnetic survey and litho-structural interpretation highlighted the NNW trending ‘Indomitable Structural Corridor’ as being highly prospective for major gold deposits. The drilling of gold mineralized laterite horizons within this structural corridor increases the potential to discover numerous oxide and primary gold deposits. The major past gold producers at Sandstone, such as Hacks(206koz), Oroya (223koz), Bulchina (250koz) and Lord Nelson (207koz) were all defined at or near surface by either ‘gold in laterite’ or ‘gold in soil’ geochemical anomalies.” | |
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