THE DRILL SERGEANT: Alto Metals (ASX: AME) reported results from drilling carried out on the Tiger Moth prospect, part of the company’s Sandstone gold project in Western Australia.
Alto Metals advised that twenty-three holes of a 31 hole program at Tiger Moth returned shallow intersections greater than 0.5 grams per tonne gold with 11 holes returning intersections greater than 1g/t gold.
The company explained the short 620m drill program was designed to test the grade and continuity of flat lying laterite gold mineralisation, and to provide samples for metallurgical test work.
Assay highlights include:
12 metres at 1.2 grams per tonne gold from 8m;
12m at 1.6g/t gold from 8m;
8m at 2g/t gold from 8m;
4m at 4.7g/t gold from 8m;
8m at 7.3g/t gold from 4m; and
8m at 1g/t gold from 12m.
A review of past work has also produced the first ever credible model of Tiger Moth that can be tested by further drilling.
“A small proportion of Alto’s 12,175 metre AC program in June included 31 holes at Tiger Moth (total of 620m) to assess the laterite gold mineralisation overlying the Tiger Moth deposit,” Alto Metals managing director Dermot Ryan said in the company’s announcement to the Australian Securities Exchange.
“This new shallow drilling and review of historical drilling has led to a better understanding of the grade and distribution of both the laterite gold mineralisation and the underlying quartz stockwork (saprolite/oxide) hosted gold mineralisation.
“Tiger Moth is just one of a number of deposits at Sandstone where laterite gold mineralisation and saprolite hosted gold mineralisation could potentially be recovered from shallow open pits.”