THE DRILL SERGEANT: Alto Metals (ASX: AME) is in the midst of a major drilling program at the company’s 100 per cent-owned Sandstone gold project in Western Australia.
The company has received results from drilling carried out late last year that was designed to test structural targets along the Lords Corridor, which it claims to have confirmed the discovery of a New Zone of gold mineralisation.
Recent assays results include:
4 metres at 5.3 grams per tonne gold from 124m within 16m at 1.6g/t gold from 116m; and
4m at 2.7g/t gold from 148m within 8m at 1.6g/t gold from 144m.
“These new results from the successful first pass ‘step-out’ exploration holes drilled late last year, have confirmed two new lodes, within a New Zone of gold mineralisation discovered more than a kilometre south of Lord Nelson,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.
“Importantly, these holes were drilled in an area completely undercover and the style of mineralisation intersected is exactly the same as what we see at Lord Nelson and reminds us of the first few holes drilled that led to the Orion Lode discovery.
“We are fully focused on exploration.
“We have a major drilling program underway, with two rigs on site testing extensions of known resources and priority regional targets.
“Once initial assays from drilling that commenced at the start of this year are received, expected early next month, we will then have regular, ongoing news flow.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE