Alto Metals Claims New Juno Gold Discovery

THE DRILL SERGEANT: Alto Metals (ASX: AME) claimed a new gold discovery from recent RC and Diamond drilling at the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Alto Metals announced the discovery of the Juno gold zone, as well as reporting further thick, high-grade gold assay results from RC drilling below the Lord Nelson pit, as part of the recently program.

Lord Nelson is hosted at the northern tip of a large granodiorite intrusion, that is more than three kilometres long and up to 600 metres wide and has had limited drilling below 100m depth.

The new Juno discovery, described as an, “undiscovered extension of the new mineralised zone”, below Lord Nelson pit was identified via RC drilling along the southern extent of the Lords Corridor, up to 600m south of the Lord Nelson pit.

Assay results from the Juno discovery, include:

13 metres at 5.1 grams per tonne gold from 162m, including 3m at 17g/t gold from 168m;

23m at 1.7g/t gold from 141m, including 5m at 5.4g/t gold from 154m; and

22m at 1.6g/t gold from 135m, including 5m at 5.5g/t gold from 152m.

“The results from the new Juno lode are outstanding, with high-grade mineralisation intersected further along the Lords corridor, and clearly demonstrates the potential for further growth,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Juno is considered a previously undiscovered extension of the mineralised zone below the Lord Nelson pit, outside the current resource, which currently extends for over a kilometre strike and remains open.

“At the same time, we have also hit further thick, high-grade mineralisation from deeper drilling beneath the Lord Nelson pit, with SRC432 returning 45m at 3.2g/t gold, including 5m at 17.5g/t gold, which was drilled approximately 30m north SRC423 and returned 48m at 3.4g/t gold, demonstrating the continuity of mineralisation, outside the current resource.

“The nature and style of mineralisation that we see at the Lord’s granodiorite, with gold mineralisation within the granodiorite ‘damage zone’ and high-grade gold along the margin of the ultramafic contact, is very similar to that of the Tarmoola granodiorite at Red 5’s King of the Hills.

“This is very encouraging as it highlights the scale of what we potentially may have at the Lords Corridor.”