THE DRILL SERGEANT: Alto Metals (ASX: AME) completed soil sampling it claims to have located three linear gold-in-soil anomalies along an interpreted ‘splay’ off the Edale Fault near Sandstone in Western Australia.
Alto Metals described the Edale Fault as a major deep crustal feature forming the eastern boundary of the Sandstone Greenstone belt, and a potential conduit for emplacement of gold-rich fluids.
The company has received assays from 28 samples out of a total of 340 samples collected in the vicinity of the Edale Fault that have returned anomalous results plus-7ppb gold in three discrete linear zones, each between 1,000 metres to 1,500m long.
“Throughout the Yilgarn Craton, the bounding faults to the Archaean greenstone belts and their environs play host to major orogenic gold deposits,” Alto Metals managing director Dermot Ryan said in the company’s announcement to the Australian Securities Exchange.
“We are very encouraged by these coherent, linear gold in soil anomalies, which we intend to drill test as soon as our Program of Work is approved by the Department of Mines, Industry Regulation and Safety.”