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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Vanguard | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-7-2017: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Vanguard deposit at the Sandstone project. Drilling results incl. 3m @ 8.8g/t Au from 45m. Alto’s MD Dermot Ryan commented: "Alto is very encouraged by results from its fi | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dermot Ryan (Internal) | |
| ABSTRACT: | Alto’s MD Dermot Ryan commented: "Alto is very encouraged by results from its first drilling campaign in the vicinity of the historic Vanguard North workings where the host rocks, structure and nature of the mineralisation bear a strong similarity to Sandstone's Oroya Mine, which produced 230,000 ounces of gold from 440,000t of ore at 16.5g/t gold.” “We are continuing to drill at Vanguard North and Vanguard to test the extent and grade of mineralisation down dip from the oxide zone.” AltoMetals Limited (ASX: AME) (“Alto”, “The Company”)ispleasedto announce highly encouraging fire assay results for 1metre aircore samples from the Vanguard North and Vanguard prospects, situated within its wholly owned 720km2 Sandstone Gold Project in Western Australia, which covers the majority of the Archaean Sandstone Greenstone Belt. The historical workings at Vanguard and Vanguard North are within a sequence of northwest trending mafic volcanics (metabasalt and dolerite). Gold mineralisation is mainly associated with broad zones of quartz veins and sulphides. The historic workings are separated by a 1,200m long zone of laterite, which contains no historic workings. In April/May 2017, Alto established a NW-SE local grid and drilled 30 AC holes around the Vanguard historic workings, and southeast of the historic Vanguard North workings. Figure 1 below shows the surficial geology of the area and the locations of Alto’s AC drill holes. | |
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