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Alto Metals Claims New Juno Gold Discovery

THE DRILL SERGEANT: Alto Metals (ASX: AME) claimed a new gold discovery from recent RC and Diamond drilling at the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Alto Metals announced the discovery of the Juno gold zone, as well as reporting further thick, high-grade gold assay results from RC drilling below the Lord Nelson pit, as part of the recently program.

Lord Nelson is hosted at the northern tip of a large granodiorite intrusion, that is more than three kilometres long and up to 600 metres wide and has had limited drilling below 100m depth.

The new Juno discovery, described as an, “undiscovered extension of the new mineralised zone”, below Lord Nelson pit was identified via RC drilling along the southern extent of the Lords Corridor, up to 600m south of the Lord Nelson pit.

Assay results from the Juno discovery, include:

SRC443
13 metres at 5.1 grams per tonne gold from 162m, including 3m at 17g/t gold from 168m;

SRC444
23m at 1.7g/t gold from 141m, including 5m at 5.4g/t gold from 154m; and

SRC449
22m at 1.6g/t gold from 135m, including 5m at 5.5g/t gold from 152m.

“The results from the new Juno lode are outstanding, with high-grade mineralisation intersected further along the Lords corridor, and clearly demonstrates the potential for further growth,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Juno is considered a previously undiscovered extension of the mineralised zone below the Lord Nelson pit, outside the current resource, which currently extends for over a kilometre strike and remains open.

“At the same time, we have also hit further thick, high-grade mineralisation from deeper drilling beneath the Lord Nelson pit, with SRC432 returning 45m at 3.2g/t gold, including 5m at 17.5g/t gold, which was drilled approximately 30m north SRC423 and returned 48m at 3.4g/t gold, demonstrating the continuity of mineralisation, outside the current resource.

“The nature and style of mineralisation that we see at the Lord’s granodiorite, with gold mineralisation within the granodiorite ‘damage zone’ and high-grade gold along the margin of the ultramafic contact, is very similar to that of the Tarmoola granodiorite at Red 5’s King of the Hills.

“This is very encouraging as it highlights the scale of what we potentially may have at the Lords Corridor.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

Alto Metals Scores High-Grade Gold Encounters at Lord Henry

THE DRILL SERGEANT: Alto Metals (ASX: AME) reported further shallow, high-grade gold assay results from RC drilling below the Lord Henry pit, as part of an ongoing RC drilling program at the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Alto Metals designed the current drilling at Lord Henry for resource definition, targeting down-dip extensions of mineralisation to the north, strike extensions to the west and targeting further potential stacked lodes at depth.

The latest assays from RC drilling at Lord Henry include:

SRC398
4 metres at 15.6 grams per tonne gold from surface, 4m at 2.1g/t gold from 12m, and 8m at 13.6 g/t gold from 56m;

SRC387
20m at 1.3 g/t gold from 40m, including 8m at 2g/t gold from 44m and 4m at 6g/t gold from 80m;

SRC399
36m at 1.9g/t gold from 8m;

SRC389
4m at 4.5g/t gold from 88m;

SRC390
4m at 1.9g/t gold from 76m;

SRC391
4m at 1.1g/t gold from 12m; and

SRC392
4m at 1.6g/t gold from 64m.

Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.
“These latest results highlight the nature of the shallow dipping, multiple stacked lodes of high-grade gold mineralisation below the Lord Henry pit, which remains open down-dip to the north, along strike and has potential for further repeat lodes to be discovered at depth.

“We re-commenced a major drilling program at the start of the year and the results received to date clearly demonstrate there is lot more gold to be found at Sandstone.

“With RC drilling continuing, investors can look forward to further results as we wait for assays from 16 diamond holes and over 120 RC holes, in addition to an updated mineral resource estimate later in the year, subject to final assays.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

Alto Metals Highlights Continuation of Vanguard Mineralisation

THE DRILL SERGEANT: Alto Metals (ASX: AME) has further highlighted the continuity of gold mineralisation at the Vanguard prospect within the company’s Sandstone gold project in Western Australia.

Alto Metals reported results from the latest four metre composite samples taken from wide-spaced step-out RC drilling at Vanguard, defined over 800m strike, that included:

SRC272
28 metres at 1.5 grams per tonne gold from 132m, including 4m at 4.3g/t gold from 152m;

SRC270
8m at 1.8g/t gold from 144m, including 4m at 2.9g/t gold from 144m;

SRC284
4m at 2g/t gold from 64m; and

SRC280
4m at 1.4g/t gold from 40m.

The company believes these latest results not only highlight the continuity of gold mineralisation at Vanguard, but also present a likelihood of further resource growth with multiple intercepts encountered outside the current resource.

“Vanguard is rapidly emerging as a very exciting prospect,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Drilling has now defined mineralisation, together with Vanguard North, over a two kilometre north-west, south-east trend that remains open.

“We are confident that further drilling will demonstrate the growth potential not only at Vanguard but also regionally, along the much larger 20 kilometres corridor of differentiated dolerite that also hosts the Indomitable and Havilah deposits.

“Drilling is continuing at the Lords Corridor, where we now have two RC rigs and one diamond rig following up on the recently announced high-grade results targeting extensions of known mineralisation.

“A number of four metre and one metre assay results are still pending and these will further assist with our ongoing exploration targeting and future resource work.

“It is a very busy time on site with lot of activity as we continue to advance the project.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

Alto Metals Continues High-Grade Sandstone Gold Results

THE DRILL SERGEANT: Alto Metals (ASX: AME) reported further assay results from ongoing RC drilling currently underway at the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Alto Metals released the data that relates to four-metre composite results for 24 holes drilled at the Lords Corridor, targeting extensions of Lord Henry and the Orion Lode, and wide-spaced exploration drilling at the new Central Zone target.

The drilling at the new Central Zone within the Lords Corridor, is targeting an IP anomaly, from which Alto has continued to intercept broad zones of gold mineralisation, with new results including:

SRC321
24 metres at 1.1 grams per tonne gold from 88m, including 8m at 2.6g/t gold from 100m – Central IP Target.

The above intercept was located approx. 240 metres south of an intercept announced in March of:

SRC240
16m at 1.6g/t gold from 116m, including 4m at 5.3g/t gold from 124m.

Mineralisation within the new Central Zone has now been defined over a one kilometre strike and remains open.

Step-out drilling south of the Orion Lode, intersected gold mineralisation consistent with the geological targeting model, with new results including:

SRC289
16m at 0.7g/t gold from 188m EOH; and

SRC305
8m at 1.4g/t gold from 76m, including 4m at 2.5g/t gold from 80m.

At the time of release, Alto had four metre composite assays pending for a further RC 59 holes from approx. 12,000m of drilling, targeting extensions of known mineralisation at Lords Corridor and Vanguard and maiden first pass RC drilling at Chance.

RC and diamond drilling remains ongoing at the Lords Corridor, focused on completing the additional 10,000m of RC drilling and 3,000m of planned diamond drilling.

“These latest results, from beneath the historic Lord Henry pit, confirm the presence of high-grade gold mineralisation that remains open to the North,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Together with the ongoing results from Orion, the Central Zone and Vanguard, we see significant potential to make new discoveries at the Lords Corridor.

“With diamond drilling underway and ongoing RC drilling targeting extensions of known mineralisation, we intend to continue systematically exploring these priority targets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

Alto Metals Encounters High-Grade Visible Gold from Vanguard

THE DRILL SERGEANT: Alto Metals (ASX: AME) announced, what it called, “exceptional” assay results from wide-spaced step-out drilling at Vanguard Camp, part of an ongoing major drilling program at the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Alto Metals received the first batch of four-metre composite results from step-out drilling at Vanguard and Vanguard North deposits, which included the “exceptional” intercept in question from a step-out hole drilled 240m along strike, north-west of Vanguard.

The drilling intersected shallow high-grade visible gold in primary mineralisation, returning:

SRC286
12 metres at 22.5 grams per tonne gold from 40m, including 4m at 60.6g/t gold from 40m.

Other noteworthy intercepts from the program include:

SRC318
8m at 3.1g/t gold from 8m, including 4m at 5.8g/t gold from 8m – Vanguard;

SRC290
8m at 2.8g/t gold from 44m, including 4m at 5.3g/t gold from 44m – Vanguard North;

SRC307
4m at 6.8g/t gold from 124m – Vanguard North; and

SRC299
8m at 1g/t gold from 56m – Vanguard North.

Alto Metals explained the latest drilling has more clearly defined the mineralisation at the Vanguard and Vanguard North trends, with both now extended along strike and down dip.

Total mineralisation of both trends is now defined over 2,000m and remains open.

“These are exceptional results,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“The visible gold from SRC286, assaying 4 metres at 60.6 grams per tonne gold, is the highest grade ever reported from Vanguard, it is shallow at less than 40 metres from surface and demonstrates the potential for Vanguard to host more exceptionally high-grade gold mineralisation.

“Our wide-spaced, step-out drilling has now confirmed gold mineralisation over two kilometres, and it remains open along strike and down dip.

“We can see Vanguard continuing to grow and plan to systematically test both the Vanguard and Vanguard North trends, along with the overall 20 kilometre corridor of differentiated dolerite that hosts Vanguard, Havilah and Indomitable deposits.

“Coming on the back of the ongoing success we are having at the Lords Corridor, where drilling is ongoing , these outstanding results from Vanguard validate our approach and view of a much larger gold system at our Sandstone gold project.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

 

Alto Metals Claims New Gold Zone Discovery

THE DRILL SERGEANT: Alto Metals (ASX: AME) is in the midst of a major drilling program at the company’s 100 per cent-owned Sandstone gold project in Western Australia.

The company has received results from drilling carried out late last year that was designed to test structural targets along the Lords Corridor, which it claims to have confirmed the discovery of a New Zone of gold mineralisation.

Recent assays results include:

SRC240
4 metres at 5.3 grams per tonne gold from 124m within 16m at 1.6g/t gold from 116m; and

SRC241
4m at 2.7g/t gold from 148m within 8m at 1.6g/t gold from 144m.

“These new results from the successful first pass ‘step-out’ exploration holes drilled late last year, have confirmed two new lodes, within a New Zone of gold mineralisation discovered more than a kilometre south of Lord Nelson,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Importantly, these holes were drilled in an area completely undercover and the style of mineralisation intersected is exactly the same as what we see at Lord Nelson and reminds us of the first few holes drilled that led to the Orion Lode discovery.

“We are fully focused on exploration.

“We have a major drilling program underway, with two rigs on site testing extensions of known resources and priority regional targets.

“Once initial assays from drilling that commenced at the start of this year are received, expected early next month, we will then have regular, ongoing news flow.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

Alto Metals Continues High-Grade Gold Hits at Sandstone Project

THE DRILL SERGEANT: Alto Metals (ASX: AME) sharpened its credentials as a potential takeover target by releasing assay results from its latest phase of RC drilling targeting high-grade gold mineralisation beneath the Lord Nelson open pit and at the new Orion gold lode discovery, located 200m south of Lord Nelson, within the company’s Sandstone gold project in Western Australia.

The Orion Lode is the first new gold lode discovered, south of the Lord Nelson pit within the Lords’ corridor; which extends over 3 kilometres, with the Lord Nelson deposit at the north and the Lord Henry deposit to the south.

The current drilling program infilled the shallow portion of the Orion Lode confirming it remains widely open along strike, down dip and down plunge.

RC drill results show the presence of high-grade gold mineralisation within a much broader mineralisation envelope.

Drilling intercepts include:

SRC191
29 metres at 3.5g/t gold from 49m, incl.7m at 7.9g/t gold from 53m;

SRC205
13m at 3.3g/t gold from 83m, incl.2m at 8.8g/t gold from 85m;

SRC192
16m at 3.1g/t gold from 105m, incl.2m at 7.7g/t gold from 118m; and

SRC183
32m at 1.4g/t gold from 51m.

Step out drilling (80 metres) returned 7m at 2.7g/t gold from 155m, including 2m at 6.3g/t gold from 159m (SRC197), defining the Orion Lode over 300m.

Further step-out drilling (up to 80m) was carried out beneath the Orion Lode and Lord Nelson pit extending the high-grade mineralisation down dip and down plunge, including:

SRC184
32m at 2.5g/t gold from 223m, incl. 4m at 12.3g/t gold from 245m;

SRC209
7m at 4.6g/t gold from 209m, incl. 2m at 11.6g/t gold from 210m; and

SRC214
8m at 2.5g/t gold from 190m, incl. 2m at 7.8g/t gold from 194m.

Several high-grade intersections remain outside the current resource, awaiting close spaced drilling.

The drilling also confirmed Lord Nelson is a multiple lode high-grade gold system.

“We continue to be highly encouraged by the results from the Orion lode, which demonstrate excellent continuity of shallow, high-grade gold mineralisation,” Alto Metals managing director Matthew Bowles said in the company’s announcement to the Australian Securities Exchange.

“We have only just scratched the surface of this new lode and our focus is on the down dip and strike potential of Orion, which has all the hallmarks of being part of a much bigger system.

“The Orion Lode is considered to be a repeat lode of the Lord Nelson deposit and our geological modelling highlights the potential additional for Lord Nelson style repeat lodes along the Lords’ Corridor.

“It is a really exciting time for Alto with our next drilling program about to commence to follow up on these latest results.

“The 30,000 metres of drilling we have planned is the biggest drill program Alto has undertaken in a number of years and we are keenly anticipating ongoing results.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

Inventory Expanded Despite Fund Raising Restrictions

THE CONFERENCE CALLER: Being the recent target of three formal takeover attempts has not stopped Alto Metals (ASX: AME) from adding gold ounces to its Lord Nelson deposit in Western Australia’s East Murchison. By Mark Fraser

Despite restricted access to regular fund-raising mechanisms during these corporate shenanigans, the WA-based junior has still managed to increase Lord Nelson’s inventory by 60 per cent (or 41,000 gold oz) since the start of last year.

As a result, the company has now established an inferred mineral resource for the deposit of 1.8 million tonnes grading 1.9 grams per tonne gold for 109,000 ounces.

Lord Nelson is just one of a number of targets which makes up the company’s wholly-owned – and obviously sought after – Sandstone gold project.

The others are Lord Henry, the Indomitable and Vanguard camps as well as Havilah and Ladybird.

Covering around 800 square kilometres of prospective greenstone belt, the Sandstone project sits some 600km north of the WA capital of Perth and currently boasts a resource of 6.2 million tonnes at 1.7g/t for 331,000 ounces of yellow metal.

During its previous life Lord Nelson – which was discovered by former owner Troy Resources (ASX: TRY) – yielded around 200,000 gold ounces at 4.6g/t from an open pit that was only dug down to 90m depth.

The mining house, however, lost interest in the deposit after it hit transitional fresh rock – mainly because it was looking for oxide material to feed its processing mill, which is now owned by former Alto suitor and current neighbour Middle Island Resources (ADX: MDI).

During his appearance at the recent RIU Resurgence Conference, Alto Metals managing director Matthew Bowles said the company’s immediate exploration focus was on the extensions of known mineralisation at both Lord Nelson and Lord Henry (located 3km to the south) and the corridor (a granodiorite intrusion) in between.

So far, drilling down to 200m depth at the former has revealed an “underground grade” of 16m at 5.5g/t.

Furthermore, Alto has discovered a new lode – Orion – along the Lord’s corridor just to Lord Nelson’s south.

Here, the drill rig has returned a number of promising gold intercepts, including: 10m at 4.1g/t (from 34m depth), 12m at 3.4g/t (66m) and 23m at 3.8g/t (106m).

Bowles said Alto was now confident it was on the verge of finding a “much bigger system” at Lord’s, which boasts historical production of 250,000 ounces from material mined at just 50-80m depth.

This includes 48,000 ounces at Lord Henry, where the current inferred mineral resource sits at 1.82 million tonnes at 1.9g/t gold for 109,000 contained ounces, while drilling has yielded substantial yellow metal intercepts like 2m at 51.3g/t from 70m, 6m at 10.2g/t (50m) and 2m at 20.3g/t (64m).

“What we’ve done is taken a lot of the fantastic work that Troy’s exploration geologists did, we’ve analysed that (and) we’ve overlaid it with a lot of the geology, a lot of the interp(retation) that we’ve had,” Bowles explained.

“We’ve identified a number of cross cutting structures, and coinciding with those cross cutting structures is … a lot of the original shallow drilling that Troy did when they were going up that corridor.

“And bear in mind they were looking for oxide ounces at surface. So there were a lot of those things that weren’t drilled very deeply.

“So we’re going back in – we are not restricted by the mill, and we are looking at finding a big discovery.”

 

Web: www.altometals.com.au

 

Alto Metals Hits Further Mineralisation at New Orion Lode Gold Discovery

THE DRILL SERGEANT: Alto Metals (ASX: AME) announced further drill results from the new shallow gold Orion Lode discovery, located 200m south of the Lord Nelson pit, within the company’s Sandstone gold project in Western Australia.

Alto Metals said the latest results from the Orion Lode highlight the continuity of high-grade mineralisation at the new discovery, including:

SRC205
12m at 4.8 grams per tonne gold from 84m;

SRC204
4m at 4.1g/t gold from 28m; and

SRC206
12m at 1.2g/t gold from 68m and 8m at 1.3g/t from 84m.

The company also completed RC drilling that targeted the primary gold mineralisation beneath the Lord Nelson pit, returning results, including:

SRC209
8m at 4.1g/t gold from 208m.

“These latest results highlight the continuity of shallow, high-grade mineralisation at the new Orion Lode,” Alto Metals managing director Matthew Bowles said in the company’s announcement to the Australian Securities Exchange.

“And the presence of the high-grade shoot within a much larger mineralised envelope, up to 50 metres thick, indicates the presence of a large gold mineralised system.

“We are excited by what we are seeing at Lord Nelson and, with the level of drilling and exploration activity planned to increase in the coming weeks, shareholders can look forward to more results as we test a number of possible Lord Nelson repeat lodes along the three kilometre long Lords’ corridor.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

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:

SRC191
28 metres at 2.8 grams per tonne gold from 48m, including 4m at 7.4g/t gold from 56m;

SRC192
16m at 3.7g/t gold from 108m, including 4m at 8.2 g/t gold from 116m; and

SRC190
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:

SRC197
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”

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

Email: admin@altometals.com.au

Web: www.altometals.com.au