Alto Metals (ASX:AME) reports ‘significant’ gold results have been received from ongoing drilling at the Indomitable Camp within the company’s Sandstone Gold Project in Western Australia.
The company reports that the reverse circulation (RC) drilling at Indomitable and Indomitable North was designed to both infill and test extensions between and to the northwest of the existing resources. The new assay results reported are from 1m photon assays relating to 55 RC holes drilled in mostly 40m by 40m spacing at Indomitable for a total of 7,508m with an average downhole depth of 139m.
Significant intercepts recorded include 80m @ 1.6g/t Au from 21m including 10m @ 5.2g/t Au from 43m in SRC808, 18m @ 0.7g/t Au from 8m and 32m @ 1.1g/t Au from 79m including 6m @ 2.1g/t Au from 87m in SRC812, and 18m @ 1.1g/t Au from 47m including 3m @ 2.3g/t Au from 51m and 5m @ 3g/t Au from 129m including 1m @ 9.7g/t Au from 129m in SCR803.
Alto Minerals Managing Director Matthew Bowles said these results highlight the extensive mineralisation that exists well beyond the existing resource at Indomitable, noting SRC808 is one of the company’s best results from Indomitable to date.
“A number of assays are still pending from our resource drilling at Indomitable, focused on further extending the resource and we look forward to receiving these in the coming weeks.
With drilling now almost completed at Indomitable East, we are preparing to commence our maiden drilling program to test high-grade gold targets at the Oroya mine”
With drilling now almost completed at Indomitable East, we are preparing to commence our maiden drilling program to test high-grade gold targets at the Oroya mine, which has not been drilled in over 15 years.”
Alto reports recent drilling has extended the footprint of the flat-lying shallow mineralisation defined at Indomitable North, and the near surface mineralisation is hosted within the upper part of the weathered profile at the base of the alluvium and appears to be associated with sub-vertical ‘high-grade’ mineralised structures identified at Indomitable, Indomitable North, Tiger Moth and Piper.
It also notes there is potential to discover additional mineralised structures using the near surface mineralisation as a vector, and further drilling is required to test the ‘high-grade’ structures which remain open at depth.
Alto also says it’s drilling program is progressing well as it continues to focus on both resource growth at Indomitable and testing priority regional targets including infill RC drilling almost completed at Indomitable East following up on recent drilling results defining mineralisation over 1km, a first pass RC drilling program planned for Oroya to test potential extensions and a soil sampling program and Sandstone North.
Further assays are pending from around 10,000m of extensional and infill RC drilling completed at Indomitable including step out drilling aiming to extend the shallow oxide gold mineralisation recently intercepted 500m north of holes SRC628 and SRC629 at Indomitable North.
Alto also anticipates the updated mineral resource will be completed by the March quarter of 2023 and says it will include the follow-up drill results from Lord Nelson and Juno and results from the ongoing infill and extensional program at Indomitable, including a maiden resource for Indomitable East and Musketeer.
Alto Metals is a gold explorer focused on the Sandstone Gold Project, covering the Archaean Sandstone Goldfield around 600km north of Perth in the East Murchison Mineral Field of Western Australia.
Images: Alto Metals Ltd
