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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Vanguard | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-5-2018: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Vanguard deposit at the Sandstone project. Drilling results incl. 17m @ 2.3g/t Au from 9m. Alto Metals Limited (ASX: AME) (“Alto”, “the Company”) is pleased to advise that | |
| 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 of 1m samples have been received from 15 RC holes (for 1,173 metres) drilled SE and NE of Vanguard and from 9 RC holes (616m) drilled at Maninga Marley. These new gold results illustrate the robust nature of the Vanguard system and justify the 3,650m aircore drill program now in progress, which is designed to test and expand the footprint of the Vanguard – Vanguard North mineralized system. Commenting on these results, Alto’s MB Dermot Ryan said: “Alto’s RC and AC drilling to date shows that the Vanguard area contains many high grade mineralized structures. Our soil sampling program early in 2018 identified a 2km2 gold in soil anomaly that connects Vanguard and Vanguard North, and this soil anomaly has not been adequately drill tested to date. The current aircore drilling program in the oxide zone between and around the two deposits will potentially identify further mineralized structures, which can then be followed up with RC drilling into the primary zone”. In April, 11 short step-out RC holes (853m total) were drilled to the south east of Vanguard and 4 RC holes (320m total) to the north east of Vanguard to follow up isolated high-grade RC drill intersections obtained from previous Alto drilling campaigns. (Eg. SRC019: 8m @ 3.6g/t Au from 39m and 7m @ 5.9g/t Au from 52m, and SRC046: 8m @ 7.6g/t Au from 43m respectively) On 7 May 2018 Alto reported assay results from 4m composite RC samples holes SRC091 - SRC104 which defined the plunge and plunge direction of the new structure. Fire assay results for 1m +0.5g/t Au samples are listed in Appendix 1, and illustrated in oblique Section B – B’ (Figure 1) below. The location of Section D – B’ is shown in Figure 2. RC drilling is required to extend this mineralized structure into the primary zone | |
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