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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Vanguard | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-3-2018: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Vanguard deposit at the Sandstone project. Drilling results incl. 25m @ 3.75g/t Au from 85m. Alto Metals Limited (ASX: AME) (“Alto”, “the Company”) is pleased to advise th | |
| 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 assays (FA’s) of 1m individual RC samples from February’s 15 hole and 1 re-entry (SRC071- SRC085, SRC060, total 1,912m) drilling program at the Vanguard prospect have been received. Refer Figure 1 below, where 2018 1m assay RC results are in yellow and 2017 RC results are in grey. As reported on 20 February 2018, the RC drilling completed in February has better defined the structures hosting gold mineralization in fresh rock, and shown that the mineralization remains open at depth. As expected, 50gm fire assays of the 1m samples produced higher-grade gold results over slightly shorter intervals than the assays from the 4m composite samples. 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 goldquartz-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. | |
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