Alto Metals Hits Gold in New Mineralised Horizon at Vanguard

THE DRILL SERGEANT: Alto Metals (ASX: AME) reported gold results from a recent completed major drilling program at the company’s 100 per cent-owned Sandstone gold project, in Western Australia.

Alto Metals received the results from RC drilling at the Vanguard deposit targeting the extensions of high-grade mineralisation, along the Vanguard Trend.

New assays, relate to one-metre fire assay results from 18 RC holes for a total of 3,364m.

The RC drilling was completed on 40m line spacing.

Results include:

24 metres at 3.5 grams per tonne gold from 132m EOH, including 2m at 11.7g/t gold from 141m and 2m at 18.6g/t gold from 154m EOH; and

4m at 2.7g/t gold from 38m; and 17m at 1.6g/t gold from 117m, including 1m at 11.6g/t gold from 128m.

Drill hole SRC495 was drilled 100m east of the main Vanguard deposit and was drilled on 40m spacing, north-west of previously reported SRC272 which returned 30m at 1.9g/t gold from 131m  and confirms the presence of a new mineralised horizon which remains open along strike and down dip.

The company is currently working on an updated Mineral Resource Estimate that is on track for release during the March quarter 2022, subject to further assays pending.

“Our drilling continues to highlight the growth potential at the Vanguard Camp,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Following the latest high-grade gold results recently announced from Vanguard North, it is equally exciting to see a standout intercept of 24m at 3.5 grams per tonne gold in SRC495, together with the 30m at 1.9 grams per tonne from SRC272, highlights the presence of a new gold horizon at Vanguard, 100 metres east of the main deposit.

“Mineralisation at the Vanguard Camp is within two parallel trends, defined so far, along a two kilometre strike length with high-grade gold in multiple drill holes outside the current resource.

“Our systematic approach is continuing to deliver and we are looking forward to recommencing our aggressive drilling program early in the new year.

“With assays still pending for over 50 RC holes, we expect continued news flow over the coming weeks and our updated Mineral Resource is on track for release during next quarter.”