Alto Metals Ltd (ASX:AME) continues to intersect shallow high-grade gold in its ongoing drill program at the Indomitable Camp within the Sandstone Gold Project in Western Australia.
Standout assays include:
- 44 metres at 2.0 g/t gold from 58 metres;
- 15 metres at 4.2 g/t gold from 30 metres; and
- 13 metres at 4.6 g/t gold from 24 metres.
Alto’s step-out drilling north of the Indomitable North deposit has extended mineralisation up to 500 metres north of the current resource and remains open.
In addition, extensional drilling at Indomitable North has also extended gold mineralisation outside the current resource.
These latest results continue to highlight that the Indomitable Camp is a very large and under-explored mineralised system that is currently defined over a 2-kilometre strike length and is hosted within a 20-kilometre gold corridor.
The Indomitable Camp currently has an inferred resource of 1.7 million tonnes at 1.3 g/t gold for 74,000 ounces, based on an A$2,000 pit shel). These resources are shallow and remain open along strike and at depth.
“Systematic approach”
Alto managing director Matthew Bowles said: “These latest shallow high-grade gold results are outstanding, with SRC628 and SRC629 extending mineralisation further north, outside the current resource.
“Our systematic approach is continuing to deliver and the ongoing near-surface results from Indomitable highlight a very large shallow oxide footprint, which is often the key to finding much larger high-grade gold deposits at depth.
“Drilling at Indomitable is ongoing and we look forward to updating shareholders on further results in the coming weeks.”
Forward plan
Alto’s ongoing 60,000-metre planned drilling program is progressing well, focusing on resource growth and exploration of existing resources and several advanced regional prospects, including:
- Lord Nelson and Juno, the first phase of 7,000 metres of RC drilling targeting high-grade extensions – completed;
- Indomitable, 20,000 metres of wide-spaced extensional and resource definition – ongoing, assays pending;
- Lord Nelson and Juno, follow up extensional drilling - planning;
- Lords Granodiorite, deeper drilling targeting the margin of the footwall at depth - planning;
- Vanguard, step-out and extensional drilling along the NW/SE trending corridor - planning; and
- priority regional targets (including Oroya, Sandstone North, Bulchina Trend) - targeting underway.
Assays are pending from >5,000 metres of RC drilling completed at Indomitable Camp, including at Indomitable East where drilling was targeting extensions of mineralised banded iron formation.
Drilling is about to commence at the Musketeer prospect, 600 metres southwest of Indomitable along a parallel trend, before returning to Indomitable and Indomitable North for follow up drilling.