- Alto Metals (AME) encounters visible gold while diamond drilling at the Vanguard prospect within its Sandstone Gold Project in Western Australia
- The maiden program aimed to evaluate the nature of gold mineralisation at the prospect and orientation of the mineralised structure
- Managing Director, Matthew Bowles, says the discovery confirms the Vanguard trend’s potential to host high-grade gold mineralisation
- Further diamond and reverse circulation (RC) assays are pending, while infill and step-out RC drilling continues
- Shares are up by 2.33 per cent to trade at 8.8 cents
Alto Metals (AME) has encountered visible gold while diamond drilling at the Vanguard prospect located at its Sandstone Gold Project in Western Australia.
The completed maiden program included 17 holes, for 3425 metres, and aimed to evaluate the nature of gold mineralisation at the prospect and orientation of the mineralised structure.
AME reportedly found visible gold within a quartz-rich laminated shear vein, located five kilometres west of the Lords Corridor.
Following the discovery, the core was sent to a laboratory where it is currently undergoing cutting and assaying.
Both the Vanguard and Vanguard North mineralised trends were identified over a total length of 2000 metres and remain open along strike and down-dip.
Alto’s managing director, Matthew Bowles, said the find confirmed the trend’s potential to host high-grade gold mineralisation.
“The presence and orientation of this newly-recognised laminated shear vein structure, intersected in SDD015 at Vanguard, will greatly assist with interpreting the existing mineralisation and help to target extensions of this growing gold mineralised system,” he said.
“To date, drilling has defined mineralisation over a two-kilometre, northwest, southeast trend that remains open.”
Assays are still pending for a further 16 diamond holes and more than 120 reverse circulation holes at the Vanguard, Lord Nelson, Lord Henry and Indomitable prospects, with results expected in the coming weeks.
At present, infill and step-out reverse circulation drilling is ongoing at Vanguard.
Shares were up by 2.33 per cent to 8.8 cents each at 1:32 pm AEST.