Alto Metals Ltd (ASX: AME) (Alto, the Company) is pleased to provide an update on current exploration activities, including review and targeting over priority growth and regional targets, as the Company prepares the next phase of drilling.
Near-term growth3,4,12 Bull Oak - single pit, scale potential Results from a recent 80m step-out drill program intersected multiple stacked lodes including 55m @ 1.5 g/t gold and 23m @ 1.1 g/t gold, extended mineralisation over 400m and remaining open. Targeting work has highlighted the potential to define considerable additional open-pitable gold resources at Bull Oak, by extending mineralisation both up and down dip, as well as along strike and at depth Vanguard - extensional targets and Vanguard North 'look-a-like' Review highlights high-grade extensional targets outside the current resources, including 2m @ 20.8 g/t gold, 1m @ 23.7 g/t gold and 1m @ 22.0 g/t gold and remains open along the +2km long NW/SE corridor. Priority 500m long gold-in lag-anomaly identified along trend from the high-grade Vanguard North deposit. Indomitable - extensional targets Extensional targets along the main NW trend and a parallel trend where historical drilling, outside the current resource includes 15m @ 2.3 g/t gold (TVR939) from 35m and 10m @ 3.0 g/t gold from 50m (TVR905). Extensional targets identified at Cessna, where previous results included 16m @ 7.2 g/t gold from 65m Regional Exploration Gravity survey planned over Hacks West area (immediately west of the mined Hacks reef +200koz @ 24 g/t gold), that hosts numerous old workings and historic shafts, considered prospective for 'repeat' high-grade gold reefs. First pass air-core drilling at Sandstone North has successfully defined anomalous shallow low-level gold mineralisation over 500m trend which is coherent with the main north-south trending interpreted structure.
Planned drilling and ongoing exploration
Drill rigs being mobilised shortly to commence testing priority growth targets in the Alpha Domain, as regional field and exploration work continues to advance regional targets to be ready for first-pass drilling. Alto's exploration strategy remains focused on delivering value through near-term resource growth within the Alpha domain and high-impact regional exploration focused on new discoveries
Alto's Managing Director & CEO, Matthew Bowles said: 'We are pleased to provide an update on exploration activities at the Sandstone Gold Project, including our recent review and targeting work which has highlighted a number of near-term growth and regional targets. The potential for extensions below the historic Bull Oak open-pit mine to host significant continuation of mineralisation represents an opportunity to considerably increase the scale of the deposit. The exploration team were highly encouraged by the results of the 80m step-out drilling, which extended mineralisation over 400m and remains open, and look forward to following this up shortly. It is also exciting to see the extensional targets identified at Vanguard and Indomitable that have the potential to drive further near-term growth. The look-a-like target along the same NW tend that hosts the high-grade Vanguard North deposit is an exciting target and the extensional targets at Indomitable continue to highlight the camp-scale potential. Our ongoing regional exploration and targeting work, outside of the Alpha Domain, is continuing to advance prospects through our project pipeline, with the systematic work over the Hacks West area progressing well as we look for a potential 'repeat' high-grade gold reefs. With a growing, open-pit gold resource of 832,000oz gold @ 1.5g/t, constrained within A$2,500/oz pit shells, at our Sandstone Gold Project, the Company remains focused on adding further ounces with extensional drilling and plans to mobilise rigs to drive further resource growth and also test a number of our high-priority regional targets
Vanguard: Potential for further shallow high-grade resource growth along trend 10,11,13 The Vanguard Camp mineral resource estimate is currently 2.3Mt at 2.0 g/t gold for 150,000oz, reported at a 0.5 g/t gold cut-off, constrained within an A$2,500 pit shell. Drilling has clearly defined mineralisation at the Vanguard and Vanguard North trends, with both significantly extended along strike and down dip. Overall mineralisation of both of these trends is now defined over 2,000m and remains open. Regionally, the Vanguard Camp is located within a 20 kilometre north-west/south-east trending corridor which also hosts the Indomitable and Havilah deposits. An updated review of surface sampling carried out over the Vanguard area in the 1980s by previous explorers (with sampling material comprising 2mm to 6mm lag swept from the surface which was assayed for gold) has been completed. The sampling shows a strong response over the main Vanguard deposit, extending to the northwest. The Vanguard North deposit is also evident however the response is more subdued potentially due to deeper alluvial material overlying the deposit. At Vanguard North the peak gold-in-lag values occur where the quartz reef hosting the mineralisation is closest to the surface. The sampling also defined a coherent gold-in-lag anomaly up to 500m long, along strike from the high-grade Vanguard North deposit. Previous explorers carried out RAB drilling over the peak of this lag anomaly, which Alto considers to be ineffective due to the shallow drilling depth.
This announcement has been authorised by the Managing Director of Alto Metals Limited on behalf of the Board.
Contact:
Matthew Bowles
Managing Director & CEO
Tel: +61 8 9381 2808
About Alto Metals
Alto Metals Ltd (ASX: AME) is an advanced gold explorer that owns the Sandstone Gold Project (100%) located in the East Murchison of Western Australia. The Sandstone Gold Project covers 740km2 of the Sandstone Greenstone Belt and currently has an optimised, open-pit constrained mineral resource estimate of 832,000oz gold at 1.5g/t, capturing over 80% of the unconstrained total MRE of 1.05Moz. Importantly the mineral resources are shallow with over 90% within 150m from surface Alto is currently focused on growing these resources through continued exploration success and new discoveries.
ALTO METALS LIMITED 
