The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Extensions of gold mineralisation have been confirmed at Alto Metals’ Tiger Moth and Vanguard prospects, both located within the Sandstone gold project
  • Assay results have been received for 6300 metres of the planned 10,000 metres, with the remaining 3700 currently being planned
  • Follow up drilling and exploration is now planned for the Lord Nelson and Southern Extension Corridor

Alto Metals has received assay results from its lead Sandstone gold project in Western Australia.

Extensions of gold mineralisation have been confirmed at both the Tiger Moth and Vanguard prospects.

Sandstone covers 800 square kilometres of the historic Archaean Sandstone Goldfield and is located 600 kilometres north of Perth.

Since discovery at the end of the 19th Century, the Sandstone greenstone belt has produced over 1.3 million ounces of gold from numerous underground and open pit mining operations.

Assay results for 6300 metres of the planned 10,000 metre reverse circulation drilling program have been received, and planning is now underway for the remaining 3700 metres.

Gold was drilled in five of the seven holes completed at Tiger Moth and 11 out of the 12 at Vanguard.

At Tiger Moth, the drilling program targeted potentially new mineralised structures and extensions of known mineralisation both along strike and at depth.

Highlights include 1 metre at 503 g/t gold from 33 metres, 4 metres at 28.5 g/t gold from 92 metres, and 5 metres at 15.1 g/t gold from 35 metres.

At Vanguard Camp, reverse circulation drilling targeted the extensions of known mineralisation along strike and at depth. The drilling also confirmed that Vanguard down dips, and the northwest and southeast extent of mineralisation remains open.

High-grade results include 2 metres at 16.6 g/t gold from 13 metres, 6 metres at 6.1 g/t gold from 92 metres, and 7 metres at 5.9 g/t gold from 52 metres.

Alto Chairman Terry Wheeler is pleased with these results.

“These latest high grade results from drilling at Tiger Moth and Vanguard demonstrate the continuity of mineralisation at depth and significant likelihood for further resource growth at these prospects,” Terry said.

“Follow up drilling and exploration work is now planned at a number of high-grade pits including Lord Nelson and along the Southern Extension Corridor, where drilling recently demonstrated mineralisation remains open along strike and down plunge,” he said.

AME by the numbers
More From The Market Online

Godolphin snaps up REE-prospective Narraburra in NSW

Critical and green metals- focused microcap Godolphin Resources Ltd (ASX: GRL) has taken complete control of the Narraburra rare earths project in New
Barton adds $3M to its piggy bank for SA exploration

Historical grades above 56g/t excite Metalicity ahead of gold drilling

Metalicity Ltd (ASX: MCT) is preparing to kick off drilling at West Australian gold play Yundamindra…

Mt Gibson ore reserve leaps 26%, boosting feasibility expectations for Capricorn

Capricorn Metals has increased the ore reserve estimate at its Mt Gibson Gold Project by 26…

Battery Age aims to build geological knowledge at Ontario lithium play

Battery Age Minerals hopes to build on the exploration at Canadian lithium play, Falcon Lake -…