An updated, independent mineral resource estimate (MRE) for Alto Metals Ltd (ASX:AME)’s Sandstone Gold Project has revealed a shallow 832,000-ounce gold resource optimised with $2,500 per ounce pit shells at a 0.5 g/t gold cut off.
The resource is a particularly shallow one, with 70% of the constrained ounces within 100 metres of surface and 80% within 150 metres of depth.
“We are pleased to announce a further substantial increase in the mineral resource at the Sandstone Gold Project,” Alto Metals managing director Matthew Bowles said.
“This latest update once again highlights the shallow nature of mineralisation and has delivered a robust, optimised and pit-constrained resource of 832,000 ounces gold at 1.5 g/t, representing 80% of the total MRE and remains open in all directions.”
Targeting further growth
Alto has chosen not to rest on its laurels – the company is looking to explore for more shallow gold in step-out drilling as well as investigating priority targets at depth to establish a multi-million-ounce operation at Sandstone.
“The company is focused on adding further ounces and sees plenty of avenues to continue growing the Sandstone resource with numerous priority targets, as well as starting to target the significant potential at depth, which remains relatively untested,” Bowles continued.
“Our systematic approach to exploration is continuing to deliver and we are confident further drilling will continue to grow the resource and increase the confidence of additional Inferred resources to Indicated.”
Indomitable continues to expand
The company’s confidence in further growth at Sandstone is supported by the rapid growth of the Indomitable Camp of prospects.
The Indomitable resource recently almost tripled in size to 5.4 million tonnes at 1.2 g/t gold for 210,000 ounces, defined along a more than 3-kilometre-long northwest-southeast trending gold corridor.
“Drilling is again underway at Indomitable following up strike extensions to the north of known mineralisation along with interpreted high-grade depth extensions,” Bowles said.
“We expect the first assays to be received shortly and shareholders can look forward to strong news flow over the coming months.
“The total mineral resource now delineated at Sandstone is a significant milestone for the company, that could not have been achieved without the hard work and dedication of our entire team and I would like to thank them all for their efforts.”