Alto Metals Limited (ASX: AME) has received “significant” gold results from ongoing drilling at the Indomitable Camp, as part of the company’s major drilling program for 2022 at its 100% owned, Sandstone Gold Project, in Western Australia.
New assay results in this release relate to 17 RC holes drilled at Indomitable for a total of 2,648m, drilled on a 40m x 40m spacing to an average downhole depth of 156m.
The focus of the RC drilling is to test strike extensions of existing mineralisation along the main Indomitable trend and linking structures and the western side of the interpreted fold closure which hosts Indomitable and Indomitable North deposits.
Results to date have successfully extended the overall mineralisation, both along strike and at depth. Significant results reported in this release are from one-metre photon assays and include:
- 29m @ 4.4 g/t gold from 29m, incl. 1m @ 87.4 g/t gold from 45m (SRC 613)
- 15m @ 3.8 g/t gold from 44m, incl. 2m @ 18.0 g/t gold from 49m; and 5m @ 4.1 g/t gold from 65m incl. 1m 12.3 g/t gold from 66m (SRC 626)
- 7m @ 1.1 g/t gold from 83m and 1m @ 24.6 g/t gold from 143m (SRC620)
- 18m @ 1.1 g/t gold from 32m incl. 1m @ 5.4 g/t gold from 37m and 5m @ 1.4 g/t gold from 101m (SRC623)
- 12m @ 1.6 g/t gold from 69m (SRC 614)
- 11m @ 1.1 g/t gold from 69m (SRC 616)
- 4m @ 4.3 g/t gold from 113m and 10m @ 1.3 g/t gold from 173m (SRC619)
- 11m @ 1.1 g/t gold from 168m incl. 1m @ 6.1 g/t gold from 178m (SRC622
The Indomitable deposit is situated within a granted Mining Lease and forms part of the Indomitable Camp which is located approximately 15km south-east of the town of Sandstone. It is in close proximity to the Sandstone-Menzies Road. and located less than 20km north-west of the Lords Corridor.
The Indomitable Camp currently has an Inferred Mineral Resource of 1.7Mt @ 1.3 g/t gold for 74,000 ounces (based on an A$2,000 pit shell). These resources are shallow and remain open along strike and at depth
These excellent results support our view that there is huge scope to grow the gold inventory at the Sandstone Gold Project. Indomitable is continuing to consistently deliver shallow, high grade gold results and, sitting within a +20 kilometre long gold corridor, we can clearly see this becoming a much larger mineralised system,” Managing Director, Matthew Bowles, said.
We are also pleased to announce the results from the first phase of 2022 drilling at the Lords Corridor having successfully extended the high-grade mineralisation at Lord Nelson, and confirmed the continuity of the recently discovered Juno lode, which remains open to the south.
“Both Indomitable and the Lords Corridor are exciting targets in their own right and we are fortunate that they are only two of a number of high-priority prospects in our overall growth pipeline, that we are systematically advancing. Drilling is ongoing at the Indomitable Camp, with the team focused on resource growth and new discoveries. We look forward to updating shareholders on further results and our regional targeting work in the coming weeks.”
