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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Vanguard | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-8-2017: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Vanguard deposit at the Sandstone project. Drilling results incl. 18m @ 4.26g/t Au from 122m. Alto Metals Limited (ASX: AME) (“Alto”, “the Company”) is pleased to announce | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dermot Ryan (Internal) | |
| ABSTRACT: | Alto Metals Limited (ASX: AME) (“Alto”, “the Company”) is pleased to announce that assays from 1m sample intervals of previously announced 4m composite sample results (refer ASX release 7 August 2017) have confirmed the high-grade mineralisation identified by the Company’s maiden RC drilling program at the Vanguard prospect, within its wholly owned Sandstone Gold Project, Western Australia. From these results, it is apparent that the primary mineralisation at Vanguard is hosted in dolerite, which is considered a favourable host rock for larger gold deposits in Western Australia, with examples being the Barton Dolerite at Northern Star Resources Ltd’s Jundee deposits and Gold Fields Ltd’s Argo-Junction deposits at St Ives. Accordingly, Alto has reappraised the broader Sandstone Greenstone Belt, and re-prioritised its exploration strategy to focus on what it has designated as the “Alpha Mafic Volcanic Domain”. This zone encompasses the 20km long mafic volcanic sequence from Indomitable in the north to Maninga Marley in the south. (Refer Figure 1 for the location and extent of the Alpha Domain). Alto Managing Director, Dermot Ryan said: “The discovery at Vanguard of open-ended high-grade mineralisation in a dolerite host rock is very encouraging as the largest gold deposit in the St Ives region (at Argo-Junction) and the multimillion ounce Jundee deposit in the Yandal Greenstone Belt are also hosted in dolerite.” | |
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