- Alto Metals (AME) intersects shallow, high-grade gold at the Lord Henry pit within its Sandstone gold project in WA
- The company recently concluded drilling which aimed to increase Sandstone’s mineral resource and target high-grade extensions of mineralisation
- Assays remain pending for 50 holes from the Lord Henry, Vanguard and Indomitable areas and AME expects to deliver a resource update in the March 2022 quarter
- Alto Metals is currently preparing to undertake survey work early in the new year to test mineralisation at depth, identify anomalies and plan future drilling
- Company shares have been trading 5 per cent higher at 10.5 cents
Alto Metals (AME) has reported more gold results from drilling at its wholly-owned Sandstone gold project in Western Australia.
The recently completed drilling program aimed to increase Sandstone’s current mineral resource estimate of 6.2 million tonnes at 1.7g/t gold for 331,000 ounces and targeting further high-grade strike and depth extensions of existing mineralisation.
The newest results account for 12 holes, for over 2000 metres, and come from the Lord Henry pit within the Lords Corridor.
Results include a shallow, high-grade intercept of 24 metres at 2.3 grams of gold per tonne (g/t) from 31 metres including four metres at 10.9g/t gold from 32 metres, and 15 metres at 1g/t gold from 63 metres.
Additionally, one-metre assay results from previous four-metre composites of drilling north of the Lord Henry open pit confirmed high-grade gold mineralisation including 35 metres at 2.2g/t gold from 43 metres including two metres at 24.5g/t gold from 73 metres and one metre at 14.5g/t gold from 87 metres.
The high-grade mineralisation at Lord Henry is reportedly within multiple stacked lodes that remain open to the north.
Assays are pending for over 50 holes from Lord Henry, Vanguard and Indomitable and the mineral resource update is expected to be delivered in the March quarter of 2022.
In the meantime, Alto Metals is preparing to begin a gravity survey at the Lords Corridor in early January.
This survey will cover roughly one kilometre of the northern end and is aimed at defining the Lords granodiorite below current drilling and planning deeper drilling.
The company is also planning to carry out an induced polarisation (IP) survey over three kilometres of the Vanguard trend.
The IP survey will test the chargeability and resistivity response of mineralisation at Vanguard and identify more anomalies along strike and at depth that may represent extensions to known mineralisation. This work is expected to be completed by early February.
Company shares were up 2.5 per cent to trade at 10.3 cents at 3:12 pm AEDT.