- Alto Metals (AME) has revealed the latest round of assay results from its ongoing drilling efforts at the Sandstone project in Western Australia
- Fresh assays from a step-out drill programme completed in December 2020 have returned a second lode of mineralisation, building on previous gold hits intercepted earlier this year
- Key finds from the latest drills include four metres at 5.3g/t gold from 124 metres within 16 metres at 1.6g/t gold
- Additionally, the findings have extended the overall mineralised footprint to over one kilometre south of the existing gold pit, Lord Nelson
- It forms part of the explorer’s broader exploration activities at Sandstone, with two reverse circulation rigs set to complete a further 20,000 metres of drilling
- Alto Metals is off 2.94 per cent following the news, trading at 6.6 cents per share
Alto Metals (AME) has revealed the latest round of assay results from its ongoing drilling efforts at the Sandstone project in Western Australia.
The fresh assay results were obtained from step-out exploration drilling completed in December 2020, which tested structural targets along the Lords Corridor.
Alto is interpreting the findings as a second lode mineralisation at the resource, situated 400 metres along strike from the recent discovery made in early February.
The findings have extended the overall mineralised footprint to over one kilometre south of existing gold pit, Lord Nelson. The footprint remains open in all directions.
Assays from the latest drills include four metres at 5.3g/t gold from 124 metres within 16 metres at 1.6g/t gold from 116 metres and four metres at 2.7g/t gold from 148 metres; within eight metres at 1.6g/t gold from 144 metres.
In a broader context, the explorer maintains the discovery of the new zone of mineralisation highlights the potential of the Lords Corridor and Alto’s Sandstone Gold Project.
Assays from 28 holes drilled at Lord Henry, Lord Nelson Orion and Vanguard this year are expected in early April.
Meanwhile other drill efforts are ongoing, with two reverse circulation rigs set to complete a further 20,000 metres of the current program at Lords Corridor, Vanguard and Chance.
Alto Metals is off 2.94 per cent following the news, trading at 6.6 cents per share at 2:14 pm AEDT.