viewAlto Metals Ltd

Alto Metals intersects up to 10.8 g/t gold in step-out drilling at Sandstone project

Results are also pending from the Lord Nelson and Havilah prospects.

Alto Metals is focused on gold exploration

Alto Metals Ltd (ASX:AME) has received high-grade gold results from step-out reverse circulation drilling at its flagship Sandstone Gold Project that have confirmed strike extensions.

Around 6,300 metres, or 38 holes, of a planned 10,000 metre RC drilling program has been completed with results received from seven holes at Vanguard and seven at Tiger Moth.

The wide-spaced 80 metre step-out drilling confirmed the extension of known mineralisation at Vanguard by an additional 150 metres.

READ: Alto Metals increases Sandstone Gold Project resource to nearly 300,000 ounces

Alto’s chairman Terry Wheeler said: “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 has been working hard on site and we look forward to updating the market with further results over the coming weeks.”

Best results are:

  • 4 metres at 4.2 g/t from 100 metres;
  • 2 metres at 10.8 g/t from 135 metres;
  • 7 metres at 2.5 g/t from surface and 5 metres at 4.9 g/t from 37 metres, including 1-metre at 21.5 g/t from 40 metres; and
  • 12 metres at 1.0 g/t from 81 metres.

Assay results

READ: Alto Metals has drill spinning for 10,000-metre program at Sandstone Gold Project

Wheeler added: “This drilling will potentially further increase the company’s global mineral resources later in the year.”

The Vanguard Camp occurs over a 500 metre-wide mineralised corridor some 1,200 metres long which remains open to the northwest and southeast.

The current drill program has targeted strike and depth extensions of Alto’s known gold resources in order to increase the company’s indicated and inferred mineral resource of 5.4 million tonnes at 1.7 g/t for 290,000 ounces.

This program is targeting extensions and further resource growth at Vanguard Camp, Havilah and surrounding targets as well as testing the interpreted southerly plunge position of mineralisation at Lord Nelson.

Quick facts: Alto Metals Ltd

Price: 0.074 AUD

Market: ASX
Market Cap: $21.71 m

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