Wide interval of 48m @ 3.4 g/t Beneath Pit And Outside Current Resource
Alto Metals Limited (ASX: AME) has drilled further high-grade gold assay results from RC drilling below the Lord Nelson pit, as part of the ongoing major RC drilling programme at its 100% owned, Sandstone Gold Project, in Western Australia.
The RC holes (SRC422 to SRC425), collared 40m west of the Lord Nelson pit and drilled to the east, on 40m x 40m spacing, targeted down-dip extensions of the Lord Nelson hanging wall and footwall lodes at depth beneath the historic pit.
RC holes SRC426 to SRC429 were drilled 100m south of the pit targeting plunge extensions of the footwall and hanging wall lodes.
The new assays from RC drilling in this release, relate to one-metre fire assay results for eight holes for 1,730m and include:
o 3m @ 11.4 g/t gold from 191m and 48m @ 3.4 g/t gold from 214m, incl. 19m @ 6.0 g/t gold from 223m, incl. 3m @ 11.5 g/t gold from 238m (SRC 423) – ended in mineralisation
o 26m @ 2.0 g/t gold from 232m, and 11m @ 1.1 g/t gold from 263m (SRC422)
o 43m @ 1.0 g/t gold from 170m, incl. 1m @ 5.0 g/t gold from 177m and 1m @ 5.1 g/t gold from 205m (SRC429)
o 14m @ 2.2 g/t gold from 182m, incl. 2m @ 13.4 g/t gold from 183m (SRC425)
o 32m @ 1.0 g/t gold from 148m, incl 3m @ 5.2 g/t gold from 148m and 21m @ 1.0 g/t gold from 183m (SRC 426)
o 19m @ 1.0 g/t gold from 107m (SRC427) – ended in mineralisation
o 2m @ 5.9 g/t gold from 185m (SRC 424) o 10m @ 1.6 g/t gold from 136m, incl. 1m @ 5.9 g/t gold from 139m (SRC428).
Managing Director and CEO¸ Matthew Bowles, said these results are extremely encouraging as SRC423 was drilled 160m north of SRC 176 which returned 16m @ 5.2 g/t gold from and 70m north of SDD001 which returned 36m @ 2.0 g/t gold, incl. 3.6m at 10.5 g/t gold from 232m, highlighting the continuity of high-grade gold mineralisation at depth over 200 metres strike, which remains open down plunge.
“The ongoing success of the current drill program continues to demonstrate the potential for further new discoveries and resource growth at the Sandstone Gold Project,” Mr Bowles said.
Assays also remain pending for 16 diamond holes and over 120 RC holes from Lord Henry, Lord Nelson, Vanguard and Indomitable. RC drilling is currently ongoing, focusing on resource definition at Vanguard and extensional drilling at Indomitable.
“While the company is continuing to experience delays in assay turn-around time, drilling has been reduced to one RC rig to allow time for receipt of a number of pending assays,” Mr Bowles sai.
Upcoming results expected to be received over the coming months include:
o RC results from Lord Henry – infill and extensional; o RC results from Lord Nelson – infill and extensional;
o DD results from Lord Nelson, Orion Lode, Lord Henry, Vanguard and Indomitable; and o RC results from Vanguard – infill and extensional.
Following receipt of all outstanding assays an updated mineral resource estimate for Lord Nelson, Lord Henry and Vanguard is planned to be completed by the end year, subject to the timing of assays.
For further information please visit: https://altometals.com.au/