| Announcement Date: | 2023-02-13 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Alto Metals Ltd. |
| Project name: | Sandstone |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 3m at 13.8g/t Au from 65m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Alto Metals Limited (ASX: AME) (Alto or the Company) is pleased to announce that its maiden RC drilling program at the historic high-grade Oroya Mine, located within the Company’s 100% owned Sandstone Gold Project, has intersected highgrade gold mineralisation along strike and down dip of historical workings. This initial wide-spaced step out drilling has successfully confirmed the geological model, targeting extensions of the Sandstone Main reef and unmined mineralisation to the north-west beyond the north end of the pit, along with extensions down dip to the west. The drilling has also provided greater geological understanding of the reefs for future drill targeting. A total of 13 Reverse Circulation (RC) holes for approximately 2,000m have been completed in this first phase of drilling. Drilling was completed at three initial target areas based on preliminary geological interpretation and structural review. This is the first time Oroya has had any drilling in over 15 years and the Company considers this first pass program has successfully demonstrated |
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