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Alto Metals kicks off aircore drilling at Sandstone North, testing new gold targets

Published 08/04/2024, 09:45 am
Updated 08/04/2024, 10:00 am
© Reuters.  Alto Metals kicks off aircore drilling at Sandstone North, testing new gold targets

Alto Metals Ltd (ASX:AME) has initiated a 4,000-metre aircore drilling campaign at Sandstone North prospect of the Sandstone Gold Project in Western Australia, targeting shallow gold targets identified in a recent soil sampling program.

The area of interest is a strong gold response covering an area of 1.2 kilometres by 600 metres, interpreted to be a coherent gold anomaly with a more than 1-kilometre-long strike length that correlates with a major north-south trending shear zone.

The initial phase of drilling will test shallow targets along this 1-kilometre strike while the company continues its regional exploration, currently focused on historical workings at the Hacks West area.

Compelling regional gold targets

“We are pleased to have a rig back on site drilling at our Sandstone Gold Project,” Alto Metals managing director Matthew Bowles said.

“Given the structural setting and high-grade gold results reported in historical drilling at Sandstone North, we are excited to be testing these compelling regional gold targets.

“We continue to focus on advancing our Sandstone Gold Project and Sandstone North demonstrates the quality of our regional project pipeline.

“We look forward to providing shareholders with updates on the results of the drilling when they are received.”

Alto intends to leverage its pipeline of regional exploration targets into a larger gold resource for the Sandstone Project, which holds a mineral resource estimate of 17.6 million tonnes at 1.5 g/t for 832,000 ounces of gold, constrained within $2,500 per ounce pit shells over a more than 740-square-kilometre tenure.

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