- Alto Metals (AME) has announced first assay results from drilling at the historic Lord Nelson pit within Alto's Sandstone Gold Project
- Roughly 1500 metres of step out reverse circulation drilling began earlier this month
- The first assays have highlighted a new zone of shallow, high-grade gold mineralisation of over 200 metres of strike
- The gold lode remains open at depth and along strike and presents high potential for further drilling
- Alto has planned a 3500 metre drilling program below the Lord Nelson open pit to target depth extensions
- Alto Metals is down 7.69 per cent with shares trading for 6 cents each
Alto Metals (AME) has announced first assay results from reverse circulation (RC) drilling at the historic Lord Nelson pit within Alto's Sandstone Gold Project.
Alto’s Sandstone Project covers 800 square kilometres of the historic Archaean Sandstone Goldfield and is situated 600 kilometres north of Perth in the East Murchison Mineral Field of WA.
Historically, the Sandstone greenstone belt has produced over 1.3 million ounces of gold from a number of underground and open pit mining operations.
Roughly 1500 metres of step out RC drilling, on 40-80 metre spacing, began in mid-February.
Drilling is targeting the strike extensions of known mineralisation 200 metres south of the Lord Nelson pit, where Alto previously announced five RC hole assay results including 12 metres at 3.4 g/t gold from 66 metres.
Assays have been received from the first nine holes which have clearly defined a new zone of shallow, high-grade gold mineralisation of over 200 metres of strike.
The 24-metre width of this gold lode, along with the fact it remains open on strike and at depth, presents significant potential and a key target for future exploration.
Significant results include: 24 metres at 3.7 g/t gold from 104 metres, 12 metres at 3.0g/t gold from 32 metres, and 4 metres at 2.2g/t gold from 52 metres.
"Alto is highly encouraged by these results and looks forward to further successful drilling results at Lord Nelson in the near future," the company stated.
Further drilling of about 3500 metres will commence shortly below the existing shallow-mined Lord Nelson open pit.
Drilling will test several depth extension targets in the fresh rock down dip and plunge of known mineralisation.
So far, little to no work has been done to test for depth extensions. This is mainly due to the inability of the former Sandstone process plant to treat large volumes of the harder, fresh ore found at depth.
Alto Metals is down 7.69 per cent with shares trading for 6 cents each at 2:55 pm AEDT.