Alto Metals Limited (ASX: AME) has received 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, ~900 sq. km Sandstone Gold Project, in Western Australia.
New assay results in this release relate to the first nine extensional RC holes (SRC 576 to SRC 584) drilled at Lord Nelson for a total of 2,078m, drilled to an average downhole depth of 230m, as part of an initial 7,013m (37 RC hole) phase of drilling completed at the Lords Corridor.
The aim of the RC drilling was to test down-dip extensions of the Lord Nelson hanging wall and footwall lodes beneath the historic pit and the results have successfully extended the mineralisation.
The new assays in this release relate to one-metre photon assays, with significant results including:
o 67m @ 2.3 g/t gold from 172m, incl. 6m @ 5.4 g/t gold from 179m (SRC 576)
o 19m @ 1.5 g/t gold from 185m, inc. 1m @ 17.8 g/t gold from 198m (SRC 582)
o 12m @ 1.4 g/t gold from 50m, incl. 1m @ 10.2 g/t gold from 59m; and 11m @ 1.0 g/t gold from 84m (SRC 580)
o 11m @ 1.3 g/t gold from 156m, and 6m @ 3.0 g/t gold from 215m (SRC 579)
o 9m @ 1.2 g/t gold from 146m, incl 2m @ 2.6 g/t gold from 150m (SRC581)
o 2m @ 5.1 g/t gold from 139m (SRC 584) o 5m @ 1.9 g/t gold from 179m, incl. 1m @ 5.4 g/t gold from 181m (SRC583)
Managing Director, Matthew Bowles said these results are encouraging as they highlight the overall continuity of mineralisation, both width and grade, at Lord Nelson. SRC576 was collared 40m west of the Lord Nelson pit to follow up on the down dip extension of drill hole SRC432, which returned 45m @ 3.2 g/t gold from 161m and has successfully extended thick high-grade mineralisation with a stand-out intercept of 67m @ 2.3 g/t gold from 172m.
Another extensional hole, targeting a further down dip extension of SRC576, has been completed and results are pending. Importantly, SRC576 falls within the current optimised pit shell, but is not included in the current 5.3Mt @ 1.6 g/t gold from 276,000oz mineral resource estimate for the Lord Nelson deposit.
“These are excellent initial results from our ongoing major drilling campaign and, on the back of the recent update of our open pit gold resource to 635,000oz, once again demonstrates the significant growth potential we see at the Lords Corridor and our entire Sandstone Gold Project,” Mr Bowles said.
“A particular stand-out from these latest results is SRC576 returning 67m @ 2.3 g/t gold, highlighting the continuity of thick high-grade mineralisation within the current pit-shell at Lord Nelson.
“A number of assays are currently pending, including from follow up drilling at Juno which are eagerly anticipated, as they targeted the up and down dip extensions of the new lode. We will then be then looking to test deeper primary targets within the Lords Corridor.
“In the meantime, our next phase of drilling is underway at Indomitable Camp, the first of our many near-mine regional targets, as we continue to focus on resource growth and exploration.
“We see this a great start to another exciting year ahead and look forward to updating shareholders on further results from our ongoing drill programme, over the coming weeks and months ahead.”
For further information please visit: https://altometals.com.au/
