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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Vanguard, Indomitable | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/25/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-9-2018: Alto Metals Ltd. announces a Resource Estimation report for its Vanguard, Indomitable deposit at the Sandstone project. Initial mineral resource estimate for Indomitable and Vanguard deposits. Alto Metals Limited (ASX: AME, “Alto” or “the Compa | |
| Resources: | (Resource, Inf.): 2.584Mt @ 1.49g/t Au for 124Koz Au contained at Vanguard and Indomitable | |
| CP/QP: | [Resources]: Spero Carras (Carras Mining Pty Ltd.) | |
| ABSTRACT: | Alto Metals Limited (ASX: AME, “Alto” or “the Company”) is pleased to report the completion of a Mineral Resource Estimate for the Indomitable and Vanguard Camp deposits at Alto’s 100% owned Sandstone Gold Project in compliance with the JORC 2012 reporting standard. The resources consist of six individual deposits (Figure 1) which have undergone extensive work and interpretation by Alto’s geologists and resource consultant Dr Spero Carras of Carras Mining Pty Ltd. Commenting on this maiden Mineral Resource for the Indomitable and Vanguard Camp deposits, Alto’s Managing Director Dermot Ryan said: “These shallow gold deposits in the Vanguard and Indomitable Camps all have a gold rich lateritic cap overlying the oxide gold mineralisation, most are “blind” in that they are buried under alluvium, and most importantly, the gold grades increase with depth into the transition and fresh rock zones.“ “Now that we understand the structural controls on these deposits, the next stage is to RC drill test them (and their associated bodies) along strike and down plunge, where extra ounces of gold can be rapidly added.” “When Alto purchased the project in 2016, there were no JORC 2012 mineral resources. With carefully targeted drilling and adequate funding, there is potential to double the current JORC 2012 mineral resource base to +500,000 ounces over the next 12 months.” The Inferred Mineral Resource for the Vanguard Camp and Indomitable Camp Gold deposits by deposit and classification is summarised in Table 1 below, and by rock type in Table 2 below. | |
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