Alto Metals Continues High-Grade Results From Lord Nelson

THE DRILL SERGEANT: Alto Metals (ASX: AME) reported final one-metre re-split assay results from RC drilling recently carried out at the company’s Sandstone gold project in Western Australia.

Alto Metals conducted the drilling, targeting southern extensions of the Lord Nelson deposit and untested areas beneath the open pit.

Assays from drill holes targeting primary gold mineralisation in previously untested areas below the Lord Nelson open pit demonstrated to be in line with previously released four-metre composite results, confirming continuity of wide zones of high-grade gold mineralisation at depth below the open pit.

One-metre re-split fire assay results for the deeper RC drill holes beneath the Lord Nelson open pit include:

17 metres at 3.5 grams per tonne gold from 200m, including 4m at 11.6g/t gold from 211m and 1m at 25.5g/t gold from 214m;

16m at 5.2g/t gold from 240m, including 3m at 13.5g/t gold from 240m; and

5m at 3.1g/t gold from 232m.

We are impressed with the width and grade of these latest assay results from Lord Nelson, particularly as they are from a previously untested primary zone beneath the historical pit,” Alto Metals non-executive director Matthew Bowles said in the company’s announcement to the Australian Securities Exchange.

“These results confirm the continuity of high-grade mineralisation down plunge from the current defined resource, and have very high-grade in the deepest hole Alto has yet drilled at Lord Nelson, in hole SRC176.”

Alto’s current JORC 2012-compliant Inferred Mineral Resource estimate at Lord Nelson is 980,000 tonnes at 2.2 grams per tonne gold for 68,000 ounces.

This forms part of the company’s total Indicated and Inferred Mineral Resource Estimate for the Sandstone project of 5.4 million tonnes at 1.7g/t gold for 290,000 ounces.