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:
29 metres at 3.5g/t gold from 49m, incl.7m at 7.9g/t gold from 53m;
13m at 3.3g/t gold from 83m, incl.2m at 8.8g/t gold from 85m;
16m at 3.1g/t gold from 105m, incl.2m at 7.7g/t gold from 118m; and
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:
32m at 2.5g/t gold from 223m, incl. 4m at 12.3g/t gold from 245m;
7m at 4.6g/t gold from 209m, incl. 2m at 11.6g/t gold from 210m; and
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.”
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