Highlights
- Results from RC drilling confirm High Grade Gold
Mineralisation at the Historic Pilot Shallow Open Pit Mine with
intercepts of:
- 5 metres @ 13.93 g/t within
an overall intercept of
- 8 metres @ 9.65g/t, and
- 1 metre @ 19.14 g/t within an overall intercept of
- 4 metres @ 7.51 g/t, and
- 7 metres @ 5.69 g/t within an overall intercept of
- 10 metres @ 4.21 g/t.
- Pilot - Phase 2 drill program targeting immediately beneath
the pit has recently been completed.
VANCOUVER, BC, March 11, 2021 /CNW/ -- Altan Rio Minerals
Limited (TSXV: AMO) ("Altan Rio" or
the "Company") is pleased to provide an update of drilling
activities and results received at the Pilot Deposit ("Pilot"),
pursuant to its exploration and mining agreement (the "Pilot
Agreement") with Barto Gold Mining Pty Ltd ("Barto").
At Pilot, drilling has been completed on the initial ten RC
drillhole program. This program was designed to test for
mineralisation potential along strike of the existing pit and the
estimated depth limits for expansion of the current open pit. One
hole (PARC010) was designed to evaluate the interpreted down plunge
potential of the high-grade mineralisation defined by underground
diamond drilling at the "4 Level" (120mbs) in the historical
underground workings (refer TSXV: AMO November 3, 2020).
Commenting on the results, Altan Rio CEO Mr Paul Stephen said:
"These are highly encouraging results which vindicate the
Company's focus on Western
Australia's Southern Cross greenstone belt."
"We have been able to intersect and confirm the position of the
mineralised structure in our first drilling campaign, the
interpreted continuity of high-grade mineralisation from the base
of the current open pit to these intercepts is a very positive
indicator for expansion of the open pit. The drilling has also
provided invaluable information which has increased our
understanding of the deposit and importantly identified potential
for additional ore lode positions parallel to the main structure
(and beneath)."
"These initial results bode well for the Company, especially as
Altan Rio has a joint Mining
Agreement (refer NEX: AMO.H June 23,
2020) with Barto Gold, owner
of nearby Marvel Loch milling
facility which is currently undergoing a major upgrade."
SOURCE Altan Rio Minerals Limited