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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Vanguard | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-7-2018: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Vanguard deposit at the Sandstone project. Drilling results incl. 12m @ 1.6g/t Au from 8m. Alto Metals Limited (ASX: AME) (“Alto”, “the Company”) wishes to advise that twe | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dermot Ryan (Xserv Pty Ltd.) | |
| ABSTRACT: | Alto Metals Limited (ASX: AME) (“Alto”, “the Company”) wishes to advise that twenty-three holes (of a 31 hole program) at Tiger Moth returned shallow intersections of +0.5g/t Au with 11 holes returning intersections greater than 1g/t Au. (Refer Table 1). This short 620m drill program was designed to test the grade and continuity of the flat lying laterite gold mineralization, and to provide samples for metallurgical test work. The review of past work has also produced the first ever credible model of Tiger Moth that can be tested by further drilling. Carras Mining Pty Ltd have been engaged to undertake a JORC Code (2012) compliant resource estimate of the laterite mineralization and the underlying saprolite/oxide hosted gold mineralization previously drilled by Troy Resources NL. (Refer Figure 1) Commenting on these results, Alto’s MD Dermot Ryan said: “A small proportion of Alto’s 12,175m AC program in June included 31 holes at Tiger Moth (total of 620m) to assess the laterite gold mineralization overlying the Tiger Moth deposit. This new shallow drilling and review of historical drilling has led to a better understanding of the grade and distribution of both the laterite gold mineralization and the underlying quartz stockwork (saprolite/oxide) hosted gold mineralization. Tiger Moth is just one of a number of deposits at Sandstone where laterite gold mineralization and saprolite hosted gold mineralization could potentially be recovered from shallow open pits. ” | |
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