Alto Metals Limited (ASX: AME) has confirmed the discovery of another lode within a new zone of gold mineralisation 1km south of the Lord Nelson Pit at the Sandstone Gold Project in Western Australia.
The company has received further strong assay results from the ongoing major drilling programme at its 100% owned, 900 sq. km Sandstone Gold Project, which covers the majority of the Sandstone Greenstone, in WA.
The latest assay results come from successful wide spaced 80m x 80m ‘step out’ exploration drillingcompleted in December 2020, which was designed to test structural targets along the Lords Corridor at Sandstone. Significant results include:
- 4m @ 5.3g/t gold from 124m; within
- 16m @ 1.6g/t gold from 116m
- 4m @ 2.7g/t gold from 148m; within
- 8m @ 1.6g/t gold from 144m.
RC results to date show the presence of primary gold mineralisation, in a previously undrilled area, that remains open in all directions. Importantly, the style of mineralisation (quartz-pyrite veins style mineralisation related to granodiorite intrusion) of the new lode is identical to what is seen at Lord Nelson and Orion Lode.
Managing Director, Matthew Bowles, says this further supports the company’s geological model, which predicts the potential for multiple Lord Nelson style lodes, within the + 3km Lords Corridor.
This is the second new lode discovered from current drilling program along the Lords Corridor, following the discovery of an earlier lode located a further 400m to the south on the eastern edge of an undrilled IP anomaly, announced in early February. Final 1m fire assays received from wide spaced drilling of this lode, include:
- 8m @ 1.6g/t gold from 65m, including
- 1m @ 6.1g/t gold from 68m; and
- 1m @ 6.1g/t gold from 222m, within a broad lower ‘halo’ of
- 26m @ 0.6g/t gold from 222m.
These new results from the successful first pass ‘step-out’ exploration holes drilled late last year, have confirmed two new lodes, within a New Zone of gold mineralisation discovered more than a kilometre south of Lord Nelson,” Mr Bowles said.
“Importantly, these holes were drilled in an area completely undercover and the style of mineralisation intersected is exactly the same as what we see at Lord Nelson and reminds us of the first few holes drilled that led to the Orion Lode discovery.
“We are fully focused on exploration. We have a major drilling programme underway, with two rigs on site testing extensions of known resources and priority regional targets.
“Once initial assays from drilling that commenced at the start of this year are received, expected early next month, we will then have regular, ongoing news flow.”
A total of 5,213 metres of drilling this year at Lord Henry, Lord Nelson, the Orion Lode and Vanguard has already been completed and delivered to laboratory for assay. Initial results are expected in early April. Due to the significant increase in drilling activity within the Western Australian resources sector, assay turn-around times has extended to an average 8-10 weeks.
