- Alto Metals (AME) has defined multiple anomalies within the Lords Corridor, which is part of the Sandstone Gold Project in WA
- The anomalies were defined by recent survey work and Alto believes these targets may indicate sulphide mineralisation within a large intrusive body
- Additionally, Alto Metals has received results from 11 holes drilled at Lords Corridor as part of a major 30,000-metre program at Sandstone
- The results uncovered a thick, gold mineralised zone 800 metres south of the Orion Lode
- Drilling will soon recommence and focus on the recently defined anomaly targets, as well as extensions to high-grade gold mineralisation
- Company shares are down 11.7 per cent and are trading at 8.3 cents
Alto Metals (AME) has defined multiple anomalies within the Lords Corridor, which is part of the Sandstone Gold Project in Western Australia.
The anomalies, which extend to 400 metres below surface, were defined from the results of a recently completed three-dimensional induced polarisation (3D IP) survey.
These IP targets are based on high chargeability zones and are situated near, or along strike from, existing high-grade gold shoots at Lord Nelson and Lord Henry.
Alto believes the anomalies may indicate primary sulphide mineralisation within a large intrusive body.
“This area has not been previously drilled at depth and potentially indicates the larger source of mineralisation that we are targeting,” Managing Director Matthew Bowles said.
“What is notable is that high anomalous values of chargeability correlate to our geological model and the margins of the known high-grade shoots at Lord Nelson and Lord Henry. This makes the anomalies particularly compelling targets for the upcoming drill program,” Matthew added.
Additionally, Alto has received results from the first 11 holes of a 36-hole reverse circulation (RC) drilling program that was completed in December. This drilling marked the first phase of Alto’s planned 30,000-metre program for its wholly-owned Sandstone Gold Project.
Results from Lords Corridor include four metres at 3.1g/t gold from 68 metres, 32 metres at 0.5g/t gold from 220 metres, 16 metres at 0.4g/t gold from 144 metres, and 52 metres at 0.3g/t gold from 48 metres.
Pleasingly, drilling has uncovered a 32-metre-thick zone of gold mineralisation located 800 metres south of the Orion Lode.
Assays are pending for 21 holes drilled along the Lords Corridor and four holes from Vanguard Camp.
The 30,000-metre RC program will recommence shortly and focus on the IP targets at Lords Corridor and extensions of high-grade gold mineralisation beneath the Lord Nelson pit, the Orion Lode and the Lord Henry pit.
Later this month, a second rig will arrive on site to accelerate target drilling along the Lords Corridor before it tests regional targets such as Vanguard and Chance.
Company shares are down 11.7 per cent and are trading at 8.3 cents at 11:44 am AEDT.