Alto Metals Confirms Shallow Gold at Sandstone

THE DRILL SERGEANT: Alto Metals (ASX: AME) completed a recent program of infill drilling to confirm continuity of a new mineralised lode to the south of the Lord Nelson pit at the company’s Sandstone gold project in Western Australia.

Alto Metals carried out the drilling to the south of the Lord Nelson pit, to close the previous drill spacing to 40 metres over a portion of the southern extension.

The drilling intercepted the new gold lode at the predicted lode position and confirmed the continuity of mineralisation.

A step-out drill hole confirmed mineralisation of the new lode extends a further 80m and remains open.

Alto is of the opinion this new lode, located just 200m to the south, appears to be a repeat of Lord Nelson, which historically produced 207,000 ounces of gold at 4.6 grams per tonne mined down to a depth of 90m.

Latest infill drilling results include:

28 metres at 2.8 grams per tonne gold from 48m, including 4m at 7.4g/t gold from 56m;

16m at 3.7g/t gold from 108m, including 4m at 8.2 g/t gold from 116m; and

16m at 1.6g/t gold from 24m, including 4m at 3.8g/t gold from 36m.

Results from the 80m step out drilling results include:

8m at 2.4g/t gold from 156m.

“This new lode is emerging as a repeat of Lord Nelson and these latest outstanding results continue to support our view of the likelihood of a much larger mineralised gold system,” Alto Metals managing director Matthew Bowles said in the company’s announcement to the Australian Securities Exchange.

“Drilling has now demonstrated the continuity of the new mineralised lode, which is already known to extend over 100 metres down dip and over 300 metres strike and remains open.

“RC drilling is ongoing at Lord Nelson, targeting high-grade gold mineralisation beneath the pit and further extensional drilling of this new lode.

“We remain focused on continuing exploration, despite the current corporate distractions, and look forward to updating shareholders on further drilling results”