Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Alto Metals kicks off RC program at Sandstone Gold Project

Published 03/10/2023, 11:50 am
Updated 03/10/2023, 12:00 pm
© Reuters.  Alto Metals kicks off RC program at Sandstone Gold Project
AS2
-

Alto Metals Ltd (ASX:AME) has revealed that it has an initial 5000-metre reverse circulation (RC) drill program underway at its Bull Oak and regional targets within the Sandstone Gold Project in Western Australia.

This phase of drilling is planned to test up and down dip extensions of up to 200 metres from known gold mineralisation below the historical Bull Oak open pit along with additional step-out drilling in untested areas around the pit.

The company has also planned drilling at regional targets, including extensional targets at Vanguard and Hacks North prospects.

Alto is also conducting a low-cost multi-element soil sampling initiative at the Sandstone Project.

High-impact program

Alto managing director Matthew Bowles said: “We are pleased to have an RC rig back on site drilling at our Sandstone Gold Project.

“We see considerable near-term growth potential at Bull Oak and with the historically reported high grades, are excited to be drilling this outstanding target.

“This high-impact program is initially testing extensions of the stacked lodes below the open pit at Bull Oak and includes four, 300-metre-deep step-out holes.

“The overall program also includes drilling at priority regional targets, and we look forward to updating shareholders as the program continues."

Forward plan

The first phase of drilling comprises 2400 metres of drilling across 18 RC holes planned for the Bull Oak prospect.

Bull Oak has demonstrated “outstanding” growth potential with potential for near-term resource growth at the mine.

A further 2,600 metres of drilling is also planned at priority regional targets, including Vanguard and Hacks North.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.