THE DRILL SERGEANT: Alto Metals (ASX: AME) claimed discovery of gold mineralised systems at the Vanguard deposit on the company’s Sandstone gold project in Western Australia.
Alto Metals received 50 gram metre fire assays of four metre composite aircore samples taken from 35 AC holes drilled on the periphery of the Vanguard deposit.
According to the company, ten of these ‘extension holes’ intersected shallow intersections of plus-0.5 grams per tonne gold.
Assay highlights include:
20 metres at 1.4 grams per tonne gold from 40m; and
12m at 2.5g/t gold from 0m and 9m at 4.0g/t gold from 60m.
Alto interpreted these new gold results as further evidence the Vanguard system is robust and open and justifies the current aircore drill program to test and expand the footprint of the Vanguard gold deposit.
“Between 26 May and 25 June 2018, Alto completed 253 infill and/or extensional aircore drill holes for a total of 12,175 metres over ten high priority prospect areas at Sandstone,” Alto Metals managing director Dermot Ryan said in the company’s announcement to the Australian Securities Exchange.
“Approximately half of these holes and half of the metres were drilled around Vanguard and between Vanguard and Vanguard North.
“This first batch of four-metre composite assays now received from 35 holes around Vanguard are highly encouraging, and they add two more mineralised structures to the three mineralised structures previously defined by Alto.
“We are looking forward to the assay results of the outstanding 118 Vanguard AC holes over the next four to five weeks, which will potentially define further mineralized structures.”