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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Vanguard | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-6-2017: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Vanguard deposit at the Sandstone project. Drilling results incl. 4m @ 13.2g/t Au from 28m. Alto Metals Limited (ASX: AME) has two main objectives at its 100% owned Sandst | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dermot Ryan (Internal) | |
| ABSTRACT: | Alto Metals Limited (ASX: AME) has two main objectives at its 100% owned Sandstone Gold Project in Western Australia: In the short term, the delineation of relatively shallow gold deposits (new deposits such as Indomitable and Vanguard North, and existing deposits such Lord Nelson and Lord Henry) that can be economically developed as small mining operations (SMP’s) and trucked to one of several operating gold treatment facilities in the region. In the medium to longer term, the discovery of major “West Australian class” (+1 million ounce) high-grade oxide and/or primary gold deposits, which could become the basis for major new mining operations with their own processing facility. In keeping with its short term objective, Alto drilled a total of 94 aircore (AC) holes between April and 19th May 2017 (8,466m in holes SAC026 - SAC120) at Indomitable, Vanguard and Bulchina. Alto is now pleased to report Aqua Regia ICP/MS assay results for 4m composite samples from these prospects, and 50gm Fire Assay results for 1m samples from the first 14 holes drilled, SAC026 - SAC039. A reverse circulation (RC) drill rig has now commenced the next phase of the program, to test below the shallow oxide gold zones and define the higher grade gold mineralisation which generally occurs within the primary zones at Sandstone. The RC rig is currently at Indomitable and will move to Vanguard North shortly. Taking a systematic approach has resulted in the progress that Alto has achieved to date, as shown by the very encouraging early assays. Alto intends to further advance Vanguard and Indomitable while bringing other prospects to account in 2017. | |
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