Alto Metals Defines New Sandstone North Gold Target

THE DRILL SERGEANT: Alto Metals (ASX: AME) has identified a substantive gold and pathfinder element anomaly within the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Alto Metals reported the six kilometres long by 250 metres wide anomaly was defined via recent fine fraction soil geochemical sampling over the project’s Sandstone North area and is considered to be coincident with interpreted north-trending shear zones along a major regional fold axis.

“Our low-cost regional soils program has identified what appears to be a very large, structurally controlled gold target extending over six kilometres at Sandstone North,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“The gold anomaly is coherent with elevated levels of arsenic and lead – key gold pathfinder elements for structurally hosted gold mineralisation – that have also been identified over the six kilometres of strike.

“Limited drilling at Sandstone North, over only 300 metres of strike, has returned some exceptionally high-grade results, including 15 metres at 9.1 grams per tonne gold from 82m, including 3 metres at 32.1 grams per tonne gold which ended in mineralisation.

“The style of gold mineralisation is different to other parts of the Sandstone Greenstone Belt, with mineralisation hosted within sulphidic quartz veins in sediments, which is a similar setting to Goldfields high-grade Waroonga deposit at Agnew.

“The high-grade nature of gold mineralisation, structural setting and relatively under-explored area presents an outstanding regional target.

“Whilst the company remains focused on the Alpha Domina which hosts the current 832,000 ounces open pitable mineral resource, the Sandstone North target highlights the significant upside to the Sandstone gold project.

“Preparations are already underway for an initial approx. 5,000 metres of low-cost air-core drilling to commence early next quarter at this exciting new gold target, which has the potential to lead to the discovery of a significant, structurally hosted gold prospect, at Sandstone North.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE