Western Australian gold explorer Alto Metals (ASX:AME) reports further ‘strong’ gold (Au) results are continuing to highlight growth potential at the Indomitable Camp, located within the Sandstone Gold Project in Western Australia.
The company says new results collated are from 35 reverse circulation (RC) holes drilling on 40m spacing at Indomitable East for a total of 4,800m at an average downhole depth of 137m.
This phase of drilling was designed to follow-up on the recently announced wide-spaced, step-out holes targeting extensions of the mineralised Banded Iron Formation (BIF) to the northwest and southeast.
the program has intersected shallow gold in multiple holes, confirming continuity of mineralisation defined over a total strike of over 800m
The company reports the program has intersected shallow gold in multiple holes, confirming continuity of mineralisation defined over a total strike of over 800m and continues to remain open along strike to the northwest and southeast at depth.
Alto Metal Managing Director Matthew Bowles says: “We are pleased to announce more shallow oxide gold results from this year’s major drilling program at Indomitable, which puts us in a great position to deliver on an updated resource estimate in the March quarter 2023.
The excellent results reported to date continue to highlight the potential for a much larger system. We are looking forward to commencing our next drill program in the new year to follow-up on these results and continue growing our shallow gold resource at Sandstone.
Our first pass drill program at the historic Oroya mine is now complete and results are pending. We look forward to updating shareholders on our plans for further drilling at this exciting high-grade gold project.”
Significant results recorded in this latest program includes SCR866 with 15m at 2.2g/t Au from 126m including 3m at 6g/t Au from 135m; SRC880 with 13m at 2g/t Au from 38m including 3m at 5.3g/t Au from 39m; and SRC864 with 15m at 1.5g/t Au from 19m including 5m at 3g/t Au from 60m.
Alto reports the Indomitable Camp is currently defined over more than 2km of strike length and sits within an over 20km northwest to southeast trending gold corridor, which also hosts the Vanguard and Havilah deposits within the Alpha Domain priority target area.
The 2022 drilling program focused on resource growth and testing priority regional targets. Alto anticipates an updated mineral resource will be completed by the March 2023 quarter.
For 2023, Alto is currently planning the next phase of exploration and follow-up drilling which will kick off early in the new year. These activities will include first pass results for the Oroya Mine, as well as further extensional drilling at Oroya. The company will also commence further extensional resource drilling at Indomitable and Vanguard.
Alto Metals is a Western Australian gold exploration company focused on the Sandstone Gold Project. The Sandstone project covers over 900km-square in the Archaean Sandstone Goldfield, located around 600km north of Perth in the East Murchison Mineral Field.
Sandstone has an indicated and inferred Mineral Resource Estimate (MRE) of 12.4 million tonnes @ 1.6g/t Au for 635,000 ounces.
Images: Alto Metals Ltd
