Alto Metals (ASX:AME) has received further high-grade gold intercepts from the recently completed drilling program at its Sandstone Gold Project, located in Western Australia.
The highlight results include:
- 9 metres at 4.1 g/t gold from 64 metres;
- 7 metres at 3 g/t gold from 47 metres; and
- 13 metres at 1.1 g/t gold from 39 metres.
The drilling has confirmed that the strike of the shear hosted gold mineralisation is over 200 metres, and remains open at depth and along strike.
Alto acquired the 723-square kilometre Sandstone Gold Project in June 2016, which contains the historical underground workings at Oroya, Sandstone North and Hack.
Since the discovery of gold in 1894, Sandstone has produced over 1.3 million ounces of gold from underground and open pit mining operations.
The project presently contains a total resource of 3.9 million tonnes at 1.9 g/t gold for 238,000 ounces of gold (JORC 2004).
Alto’s goal is to discover sufficient gold resources and reserves to support a profitable mining operation of at least 100,000 ounces of gold per annum over a minimum 7-10 years.
The company is planning a 20,000 metre drilling program, commencing in March, to further test the potential of the Sandstone Gold Project.