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Alto Metals (ASX:AME) extends gold mineralisation at Juno

ASX News, Materials
ASX:AME      MCAP $59.88M
18 May 2022 13:26 (AEDT)

Drilling at Lords Corridor, Sandstone project. Source: Alto Metals

Alto Metals (AME) has received further results from reverse circulation (RC) drilling at the Juno lode.

The Juno Lode is the second lode to be discovered within the Lords Corridor which is part of Alto’s Sandstone gold project in Western Australia.

The latest results come from 13 RC holes drilled at Juno which aimed to test up-dip and down-dip extensions of the lode, within the granodiorite damage zone and along the contact of the ultramafic footwall.

Alto said the results, particularly from holes SRC589 and SRC593, extended mineralisation at Juno down-dip and along strike which highlights the overall continuity of the mineralisation.

SRC589 returned 17 metres at 1.6 grams per tonne (g/t) gold from 159 metres including three metres at 6.3 g/t gold from 171 metres. SRC593 returned an intercept of 12 metres at 2.1 g/t gold from 160 metres including one metre at 12.4 g/t gold from 169 metres.

Additional results include nine metres at 3.8 g/t gold from 157 metres including 5 g/t gold from 160 metres.

The company noted that Juno is considered an extension of the mineralised zone below the Lord Nelson pit, which now extends over one kilometre and remains open along strike to the south and down-dip to the west.

Alto Metals is waiting on assays for over 7500 metres of drilling completed at the Lords
Corridor and at the Indomitable Camp.

Company shares were trading flat at 8.4 cents at 1:20 pm AEST.

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