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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Vanguard | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-12-2018: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Vanguard deposit at the Sandstone project. Drilling results incl. 40.0m @ 3.6g/t Au from 61.0m. Alto Metals Limited (ASX: AME) (“Alto”, “the Company”) is pleased to advise | |
| Resources: | (Resource, I+I): 4.870Mt @ 1.7g/t Au for 261Koz Au contained 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 high grade 1m assay results have been returned from Vanguard reverse circulation (RC) drill hole SRC114 drilled at Vanguard in September to confirm the geological model and provide samples for preliminary metallurgical testwork. VANGUARD REVERSE CIRCULATION DRILLING RC hole SRC114 (total 102m) was drilled to provide samples for preliminary metallurgical testwork. The 4m composite assay results and metallurgical test results (93-94% recovery) were reported on 15 October 2018. The +1.0g/t Au fire assay results for the 1m re-split samples in SRC114 are shown in Table 1 below and in Figures 1 - 3. All +0.5g/t Au assay for 1m resplit samples are included in Table 3. Alto holds ~800km2 of the prospective Archaean Sandstone Goldfield, 600km north of Perth in the East Murchison Mineral Field of Western Australia. Since acquiring the Project in June 2016, Alto has compiled and reviewed a large legacy database ahead of a series of focused exploration and drilling campaigns which commenced in late-2016. Alto’s goal is the delineation of a +1 million-ounce JORC 2012 Mineral Resource that could become the basis for a re-establishment of standalone oxide and primary gold mining and milling operations at the Project. | |
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