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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Vanguard | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-1-2018: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Vanguard deposit at the Sandstone project. Drilling results incl. 33m @ 2.3g/t Au from 39m. 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 final assays from the recently completed 34-hole (5,433m) reverse circulation (RC) drilling program at the evolving Vanguard prospect have been received including several more high-grade intercepts (refer Table 1, holes SRC046- 067) and Figures 3 – 7 indicating that oxide mineralization is open in all directions. Importantly, primary mineralization below the oxide zone has also been extended and remains open at depth, and where intersected by cross-cutting structures has the potential to form high-grade plunging shoots. The recently discovered and expanded Vanguard mineralization highlights the opportunity Alto has at Sandstone, to discover new shallow oxide gold deposits, but equally important, the opportunity to discover large primary gold deposits in favourable host rocks below the shallow drilling completed by previous explorers. Work by Alto over the past 18 months in collating and reviewing historical exploration data reinforces our view that there is significant potential for the discovery of high-grade primary gold deposits at Sandstone, similar to those discovered in other greenstone belts in the Yilgarn of Western Australia, Alto has planned a succession of systematic focused drilling campaigns in 2018 to extend oxide and especially primary gold mineralization to delineate an initial one million ounce gold JORC 2012 Mineral Resource as part of its overall objective to re-establish mining at Sandstone (refer Table 2) | |
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