Alto Metals hits ‘significant’ gold mineralisation near Lords Corridor target

Alto Metals (ASX: AME) reports wide gold intercepts at its Indomitable prospect which is located 15km northwest from the company’s 3km-long Lords Corridor target, both lying with its 900sq km Sandstone gold project in Western Australia.

The company has also signalled that the mineralised structures at Indomitable indicate the potential for a much larger system in a region where gold was first discovered at the end of the nineteenth century.

Alto’s ground contains numerous former open pits, prospects and gold occurrences, including Lord Nelson and Lord Henry, Havilah and Maninga Marley, Ladybird, Indomitable, Tiger Moth, Vanguard and Vanguard North, Oroya & Hacks, Bull Oak, Sandstone North, and Bulchina.

The Sandstone belt has historically produced more than 1.3 million ounces of gold from numerous underground and open pit mining operations.

Indomitable mineralisation defined over more than 2,000m

Alto now reports assays showing multiple, broad zones of gold mineralisation at Indomitable.

These include 21m at 2.0 grams per tonne, including two higher grade intervals, one over 1m at 14,9g/t.

Other holes returned 11m at 2.5g/t (including 2m at 7.0g/t), 15m at 2.2g/t (including 2m at 13.2g/t), and 25m at 1.2g/t (including 1m at 11.5g/t).

These holes have extended mineralisation outside the existing shallow gold reserve of 74,000oz at 1.5g/t.

The company says mineralisation at the Indomitable camp is defined over a strike length of more than 2,000m, and is located within a corridor of more than 20km hosting the Indomitable, Vanguard and Havilah targets.

‘Systematic’ exploration approach continuing to deliver

Managing director Matthew Bowles says the mineralisation at Indomitable remains open at depth and along strike.

“Such an unusually deep weathering profile suggests the mineralised structures at the Indomitable deposit are long-lived and extensive, which is encouraging as it indicates the potential for a much larger system”

Mr Bowles added that the company’s systematic approach to exploration is continuing to deliver and the company is excited about what the year ahead can deliver for Alto shareholders.

The company’s Sandstone gold project currently hosts a mineral resource estimate of 6.2 million tonnes at 1.7 g/t gold for a contained 331,000oz.

The 2021 drilling campaign was focused on expanding these resources and targeting further high-grade strike and depth extensions of existing mineralisation.