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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Vanguard | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-5-2018: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Vanguard deposit at the Sandstone project. Drilling results incl. 24m @ 1.6g/t Au from 8m. 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 4m composite 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. Hole SRC098 was completed at the planned depth of 100m and the hole finished in oxide gold mineralization. Vanguard SE oblique Section B-B’ is shown in Figure 1, and Figure 2 shows the section location. Commenting on these results, Alto’s managing Director Dermot Ryan said: “The shallow oxide gold results from SE of Vanguard confirm that a new mineralized structure has been discovered, which is open down dip. This discovery reinforces our theory that there are many similar structures to be found in the area between Vanguard and Maninga Marley, and this theory will be tested in the coming months with a substantial aircore drilling program”. n the first week of April, 11 short step-out RC holes (853m) were drilled to the SE of Vanguard and 4 RC holes (320m) to the NE of Vanguard to follow up isolated high-grade RC drill intersections (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) obtained from previous Alto drilling campaigns. | |
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