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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Vanguard | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2018: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Vanguard deposit at the Sandstone project. Drilling results incl. 24m @ 2.1g/t Au from 88m. Alto Metals Limited (ASX: AME) (“Alto”, “the Company”) is pleased to advise tha | |
| Resources: | (Resource, I+I): 2.331Mt @ 1.8g/t Au at Sandstone | |
| 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 assays (FA’s) from 4m composite samples from the recently completed 15 hole and 1 re-entry (SRC071-SRC085, SRC060, total 1,912m) RC drilling program at the Vanguard prospect have been received. Refer Figure 1 below, where 2018 RC results are in yellow and 2017 Alto RC results are in grey. The RC drilling completed in February has better defined the structure hosting gold mineralization in fresh rock, and shown that mineralization remains open at depth. 1m samples from the 4m composited mineralized zones are being collected from the field and will be analysed by 50gm fire assay methods. Based on past experience, it is expected that the 1m FA’s will selectively produce higher-grade gold intervals over somewhat smaller intervals. The 2017 RC drilling program at Vanguard demonstrated that the oxide zone, which generally extends to 50m-60m depth from surface, is otherwise open in all other directions and frequently contains long intercepts of “free dig” 2 – 3g/t gold mineralization. The oxide zones lie above, and are derived from, multiple zones of moderate to steeply dipping, structurally controlled gold-quartz-sulphide lenses or “shoots” which remain open at depth, Figure 2 is a vertical plan projection showing the location of the Vanguard grid, Alto’s RC drill hole collars, and the spatial location of the gold mineralized RC intervals defined to date. Note the intersection in hole SRC019, 200m to the southeast of the main zone, which points to a further high-grade gold zone which is yet to be adequately drill tested. Note: The yellow assay boxes in Figure 2 below reflect 50gm Fire assays from 4m composite samples from RC holes drilled in February 2018, and the white assay boxes reflect previously reported assay intervals from holes drilled in 2017. | |
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