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Alto Metals Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Vanguard, Tiger Moth | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-7-2019: Alto Metals Ltd. announces an Exploration/Drilling Update report for its Vanguard, Tiger Moth deposit at the Sandstone project. Drilling results incl. 5m @ 4.9g/t Au from 37m. Alto Metals Limited (“Alto” or “the Company”) (ASX: AME) is pleased t | |
| Resources: | (Resource, I+I): 5.38Mt @ 1.67g/t Au for 290,000oz Au contained at project | |
| CP/QP: | [Overall Report]: Dermot Ryan (XServ Pty Ltd.) | |
| ABSTRACT: | Alto Metals Limited (“Alto” or “the Company”) (ASX: AME) is pleased to provide an update on exploration activities at the Company’s flagship Sandstone Gold Project. Exploration has progressed well to date, with approximately 6,300 metres of the total 10,000 metre RC drilling program now completed. In addition to the assays reported here from Vanguard and Tiger Moth, assay results are awaited for drilling undertaken at Lord Nelson and Havilah. Alto’s Chairman Terry Wheeler commented: “We are pleased with the progress of the Sandstone drilling program to date which has targeted surface and down plunge extensions of known mineralisation. These latest results from Vanguard confirm that the mineralisation continues at depth and remains open. The team have been working hard on site and we look forward to updating the market with further results over the coming weeks. This drilling will potentially further increase the Company’s global mineral resources later in the year.” Alto is pleased to provide an update on exploration activities at the Sandstone Gold Project in Western Australia. A total of 38 holes (SRC120 - SRC 157) for approximately 6,300 drilling has now been completed. Samples from these holes have been sent to Perth for assaying, and to date, assays have been received for 14 holes (SRC120 – SRC133, total 1,995m drilling). The remaining assays for holes SRC134 to SRC157 will be announced to the market when available. The Company’s exploration program was paused after the drilling of SRC157 to allow the laboratory to finalise assaying of all of the drilled samples. Following receipt of these assays, a further 3,700m of follow up RC drilling is planned to bring the total to ~10,000m. The program to date has targeted extensions of known mineralisation, both along strike and at depth, and further resource growth at Vanguard Camp, Indomitable Camp, Havilah and surrounding targets. Drilling has also tested the interpreted southerly plunge position of mineralisation at Lord Nelson. | |
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