Alto Metals (ASX:AME) has extended gold mineralisation to over 3.5km of strike at the new Cessna prospect within the Indomitable Camp area of its Sandstone Gold Project in Western Australia.
The company says 2 reverse circulation (RC) holes completed at the southern extent of the Indomitable Camp confirm the mineralisation remains open in all directions, warranting further drilling to determine the nature and extent of the mineralisation.
The results delivered ‘high-grade’ gold values of up to 28.8g/t gold (Au) from 74m. It is the company’s belief that the extent of shallow oxide mineralisation at the Indomitable Camp is an indication of a potentially ‘much larger’ gold system at depth.
Key results include hole SRC928, with 16m @ 7.2g/t Au from 65m, including 4m @ 24.2g/t Au from 74m comprising: 1m @ 28.8g/t Au from 74m, 1m @ 21.7g/t au from 75m, 1m @ 23.1g/t Au from 76m, and 1m @ 23.4g/t Au from 77m. Other results include hole SRC929 with 8m @ 2g/t Au from 70m including 1m @ 11.8g/t Au from 71m.
The drilling was conducted to target gold mineralisation intersected in historical aircore (AC) drilling on 2 section lines, with further assays yet to be received from 2,000m of drilling from the first phase of a 5,000m RC program at Indomitable.
Speaking on the results, Alto Metals Managing Director and Chief Executive Officer (CEO) Matthew Bowles says: “Our planned and systematic approach to exploration at Indomitable continues to deliver and further supports our view of Indomitable being part of a much larger system.
These latest results from our first pass drilling at Cessna, have confirmed the high-grade mineralisation, including 16m @ 7.2 g/t gold within the BIF, and extended the overall mineralised footprint to over 3 kilometres.
“These latest results from our first pass drilling at Cessna, have confirmed the high-grade mineralisation…”
Planning for the next phase of drilling at Indomitable is well underway and intends to target the orientation of these interpreted high-grade structures within the fresh rock, including the recently announced 16m @ 13.1 g/t gold from 19m intersected in SRC918.
The final assays from this first phase of drilling are pending, and we look forward to updating shareholders with our ongoing exploration activities in the coming weeks.
The company notes results have been received following a ‘significant’ increase to its independent Mineral Resource Estimate (MRE), outlining an optimised and pit-constrained 17.6Mt @ 1.5g/t Au for 832,000oz within $2,500-per-ounce pit-shells.
Alto also notes the updated MRE included rapid resource growth at Indomitable Camp, with an almost tripling in size to 5.4Mt @ 1.2g/t Au for 210,000oz.
With further assays yet to be received from recent RC drilling, Alto Metals announces planning for the next phase of exploration is already well advanced and will seek to target the orientation of deeper ‘high-grade’ structures at Indomitable.
The company also announces low-cost regional exploration is ongoing, including early-stage fieldwork over areas recently identified by the company in conjunction with its consultants, CSA Global and Terra Resources, as prospective for pegmatites.
Alto Metals is an ASX-listed gold explorer focused on the Archaean Sandstone Goldfield about 600m north of Perth in the East Murchison Mineral Field of Western Australia.
The company’s Sandstone Project is situated within the prospective Archaean Sandstone Goldfield, a region that has produced over 1.3 million ounces of gold from numerous underground and open pit mining operations.
Images: Alto Metals Ltd
