Alto Metals returns best intercept to date at Indomitable Camp in WA

Alto Metals (ASX:AME) has returned its best drill intercept to date, as well as further ‘bonanza’ gold grade results following a phase one reverse circulation (RC) drilling program at the Indomitable Camp within its wholly owned Sandstone Gold Project in Western Australia. 

The results, generated by a first phase 5,000m of RC drilling across 18 holes, have returned gold grades up to 122.6g/t Au, which represents the ‘highest-grade’ drill intercept to date at Indomitable. 

Alto reports these latest ‘significant’ results from Indomitable continue to support its view that the size and scale of the oxide mineralisation at Indomitable is a ‘strong’ indication of a much larger system, highlighting potential at depth which remains largely untested.

Additionally, these results come following a recent ‘significant’ upgrade to the independent Mineral Resource Estimate (MRE) at Indomitable, which outlines an optimised and pit-constrained 17.6Mt @ 1.5g/t Au for 832,000oz within $2,500/oz pit-shells.   

Key results include hole SRC918 with 16m @ 13.1g/t Au from 19m including 3m @ 62.2g/t Au from 29m including 1m @ 122.6g/t Au from 29m; and hole SRC907 with 5m @ 7.9g/t Au from 32m including 1m @ 23.4g/t Au from 34m. 

The company notes hole SRC918 is situated about 80m south of hole SRC808 and 230m east of hole SRC853, which returned gold grades of 1.6g/t Au and 7.5g/t Au respectively. 

Drilling was designed to both follow-up on interpreted ‘high-grade’ structures identified from drilling in late 2022, as well as test strike extensions of the existing mineralisation and test interpreted structural orientated controls on an east-west orientation.

Speaking on the results, Alto Metals Managing Director Matthew Bowles says: “Indomitable has recently delivered some very impressive drill results and SRC918 returning 16m @ 13.1g/t gold from 19m is the best result Alto has drilled to date.

Following on from the significant increase to the mineral resource, these latest results give us the confidence that Indomitable will continue to grow and that it is emerging as a very large mineralised system. We are particularly excited by the size of the oxide footprint, now over 3 kilometres, which is often the key to finding high-grade gold deposits at depth. 

Following on from the significant increase to the mineral resource, these latest results give us the confidence that Indomitable will continue to grow and that it is emerging as a very large mineralised system”

Our primary focus of the current exploration program remains at Indomitable and is to further test the strike of these interpreted controls and the orientation of the high-grade shoots within the fresh rock at depth. 

The team are continuing to interpret the geological data, refine our targeting models and deliver on our systematic approach to unlocking the value. With a number of assays from Indomitable still pending, shareholders can look forward to further updates in the coming weeks.”

The company also notes interpretation of these controls, which may include steeply plunging shoots, is still at an early stage, with follow-up drilling being planned to target the orientation of the ‘high-grade’ structures within the fresh rock at depth. 

With interpretation of the geological data still ongoing, Alto Metals announces further assays are still pending from 2,200m of drilling, and that it will move forward with follow-up extensional and deeper drilling once all assays are received. 

The company’s Sandstone project is located about 600km north of Perth in Western Australia and consists of the Indomitable Camp, Vanguard Camp, Ladybird, Havilah, Lord Henry, Lord Nelson, Chance, Bulchina, Hacks, Oroya, Bull Oak, Tiger Moth, and Sandstone North targets.  

Alto Metals is an ASX-listed gold exploration company focused on rapidly expanding the current mineral resources of Sandstone with further exploration and step out and infill drilling of shallow gold deposits that could be profitably mined through establishment of standalone oxide and primary gold mining operations at Sandstone.

Images: Alto Metals Ltd
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.