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Project: | Sandstone | |
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Deposit: | Vanguard, Tiger Moth | |
Location: | Australia | |
Commodities: | Gold | |
Date: | 10/15/2018 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 15-10-2018: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Vanguard, Tiger Moth deposit at the Sandstone project. Drilling results incl. 40.0m @ 3.5g/t Au from 60.0m. Alto Metals Limited (ASX: AME) (“Alto”, “the Company”) is plea | |
Resources: | (Resource, Inf.): 2.584Mt @ 1.49g/t Au for 124Koz Au contained at Vanguard and Indomitable | |
CP/QP: | [Overall Report]: Dermot Ryan (Xserv Pty Ltd.) | |
ABSTRACT: | Alto Metals Limited (ASX: AME) (“Alto”, “the Company”) is pleased to advise that assay results from 2 RC holes drilled in September at Vanguard and Tiger Moth to confirm the geological models and provide samples for preliminary metallurgical testwork have returned high recoveries and better than predicted grades. Assay results received from reconnaissance aircore drilling at Bulchina, Sandstone North and Vanguard Camp indicates that these mineralised systems are still open, and further drilling is required. Commenting on these results, Alto’s Managing Director Dermot Ryan said: “Alto’s recently published Mineral Resource estimate [JORC 2012] for the Indomitable and Vanguard Camps was the result of applying a systematic exploration approach. This process resulted in the selection and successful testing of a number of litho-structural gold targets. The next stage is to step-out and drill test the down dip/down plunge extensions of these newly discovered mineralised structures and convert gold mineralisation into mineral resource.” | |
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