Alto Metals Ltd (ASX:AME) continues to intersect high-grade gold, including 16 metres at 3.0 g/t in its deepest gold hunt at the Indomitable Camp, within the company’s 100%-owned Sandstone Gold Project in Western Australia.
A second-phase reverse circulation (RC) drilling program consisting of about 5,000 metres is currently underway to follow up on high-grade structures identified from drilling in late 2022 and to test strike extensions of existing mineralisation in primary rock.
The current program includes the deepest RC drilling undertaken at Indomitable to date, with drill holes planned to about 300 metres downhole.
Highlights from four RC holes for a total of 858 metres drilled at depth include:
- SRC941: 24 metres at 2.2 g/t gold from 160 metres comprising 16 metres at 3.0 g/t gold from 167 metres, including 1 metre at 8.8 g/t gold from 175 metres and 1 metre at 9.4 g/t gold from 182 metres;
- SRC940: 2 metres at 2.2 g/t gold from 223 metres; and
- SRC942: 4 metres at 1.4 g/t gold from 108 metres, including 2 metres at 2.1 g/t gold from 109 metres.
Plan view showing Indomitable Camp.
“Encouraging”
“While very early in the program, and not to be taken out of context, the initial results from these first holes is encouraging and represents the deepest significant gold mineralisation intersected at Indomitable,” Alto managing director Matthew Bowles said.
“SRC941 returning 24 metres at 2.2 g/t from 160 metres in oxide, again highlights the significant depth of weathering in the system and the potential for mineralisation in primary rock at depth.
“This phase of drilling at Indomitable is ongoing and is targeting the orientation of the interpreted high-grade structures within the fresh rock, including the recently announced 16 metres at 13.1 g/t gold from 19 metres intersected in SRC918.
“We look forward to updating shareholders with our ongoing exploration activities over the coming months.”
Large gold system
Drilling completed by Alto over the last 12 months has successfully extended the oxide gold mineralised footprint at Indomitable to over 3 kilometres in strike and remains open in every direction.
These latest results continue to support the company’s view that the size and scale of the oxide mineralisation at Indomitable is of a much larger system.
About 4,000 metres remains to be drilled in the current program ahead of follow-up diamond drilling.
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