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Alto Metals reveals Indomitable gold force near Sandstone

Updated: Mar 25


The numbers are getting better and better for Alto Metals. Credit: File

ASX-listed Alto Metals has landed head-turning, bonanza-grade gold hits at its Indomitable deposit near Sandstone in Western Australia’s Mid West region.


The company’s latest results from recent drilling included a 16m intersection going 13.1 grams per tonne gold from 19m, containing 3m grading 62.2g/t from 29m, which in turn featured a 1m section reading 122.6g/t from just 29m. Further drilling is now being planned to test the strike and depth potential of the mineralisation.


Management believes the shallow oxide mineralisation footprint at Indomitable, which goes to a depth of up to 200m, is currently defined in a 3km strike and remains open in all directions. That could have the company sitting on a much bigger system.


The latest batch of results from extensional drilling to the north of the project also included 5m grading 7.9g/t gold from 32m, including 1m running 23.4g/t from 34m, 14m going 2.2g/t gold from 47m, containing 4m at 5.5g/t gold from 48m, and 6m giving up 3g/t gold from 95m including 1m at 11g/t from 99m.


Indomitable has recently delivered some very impressive drill results and SRC918 returning 16m @ 13.1 g/t gold from 19m is the best result Alto has drilled to date. Following on from the significant increase to the mineral resource, these latest results to give us the confidence that Indomitable will continue to grow and that it is emerging as a very large mineralised system…Our primary focus of the current exploration program remains at Indomitable and is to further test the strike of these interpreted controls and the orientation of the high-grade shoots within the fresh rock at depth. Alto Metals managing director Matthew Bowles

Last month, Alto cracked the magical million-ounce mark after unveiling a significant increase in shallow gold resources at its wholly-owned Sandstone project.


The project now boasts a resource of 23.5 million tonnes at 1.4g/t gold for 1,046,000 ounces, with the potential for further resource growth along strike and at depth. The optimised pit-shell constrained JORC mineral resources estimate is 832,000 ounces of gold with a head grade of 1.5g/t gold.


The company drilled 50,000m at Sandstone last year and is geared up for a similarly-aggressive exploration and resource drilling effort this year as it pushes towards a stand-alone gold mine.


Gold prices edged lower overnight as the United States dollar rose following better-than-expected US manufacturing data, with the US Federal Reserve pondering whether to pull the trigger on a further interest rate hike this week.


But with further assays still pending, Alto will be keen to see if it can continue to build its subterranean war chest with its mine looming on the horizon.


Is your ASX-listed company doing something interesting? Contact: office@bullsnbears.com.au

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