Alto Metals Announces More Indomitable Gold Results
THE DRILL SERGEANT: Alto Metals (ASX: AME) reported gold results from the latest RC drilling undertaken at the Indomitable Camp, within the company’s 100 per cent-owned, Sandstone gold project in Western Australia.
Alto Metals has completed a second phase of approximately 5,000m of RC drilling at Indomitable targeting interpreted high-grade structures that had been identified from drilling in late 2022 and testing extensions of the existing mineralisation in primary rock.
Assay results for the final four holes from the second phase of RC drilling at Indomitable all intersected further broad zones of shallow oxide gold mineralisation, including:
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14 metres at 2.6 grams per tonne gold from 61m, including 2m at 10.6g/t gold from 61m, including 1m at 18.8g/t gold from 62m;
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11m at 3.4 g/t gold from 57m, including 2m at 12.6g/t gold from 60m and 1m at 19.8g/t gold from 60m;
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14m at 1.1g/t gold from 60m, including 1m at 5.6g/t gold from 64m; and
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12m at 1g/t gold from 34m, including 3m at 2.4g/t gold from 41m.
“We are pleased to announce the final assays from this drilling program at Indomitable, which have intersected more shallow oxide gold mineralisation. Importantly, during this overall phase of drilling gold was intersected in multiple shallowly dipping interpreted thrust faults in fresh rock at depth, with higher grades typically observed where these faults intersect the steeper plunging interpreted structures,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.
“These results are now being incorporated into our targeting model for follow up drilling.
“In parallel, we are continuing our review of the historic Bull Oak Mine, following the maiden resource estimate released earlier this year, and the potential we see for further resource growth.
“Additionally, our low-cost mapping and multi-element soils is ongoing, along the Edale Shear on the eastern side of the Sandstone Greenstone Belt.”
Alto outlined its upcoming work at Sandstone, with the next phase of exploration either planned or already underway, to include:
• ongoing targeting and prospectivity review of the historic Bull Oak Mine and surrounds with the intention of identifying potential for further resource growth; pending
• a follow up drilling program for structural and lithological purposes at Indomitable, based on the increased geological interpretation and updated targeting model from this most recent drill program. The Company is finalising an application for co-funding of the program under the WA State Govt. Exploration Incentive Scheme (EIS)
• a phased 5,000-10,000m of extensional and resource RC drilling, contemplated for Bull Oak, Indomitable and Vanguard – planned to commence in the coming weeks
• first pass RC drilling at multiple historic gold workings within the Hacks West area for high-grade reef style mineralization as well as regional targets – planned for Q4
• low-cost lithium exploration work is continuing at Sandstone, where are number of prospective targets have already been identified – ongoing
TO READ THE FULL ANNOUNCEMENT: CLICK HERE