Alto Metals Labels Oroya an Exciting Target at Sandstone
THE CONFERENCE CALLER: High-grade gold results at the former Oroya mine indicate the further potential at Alto Metals’ (ASX: AME) Sandstone gold project, managing director Matthew Bowles told Resources Roadhouse on the sidelines of the 2023 RIU Explorers Conference.
A day earlier, Alto had announced the results, including 1m at 37.1 grams per tonne gold, from drilling both above and below the historical workings at Oroya and along strike.
The former mine historically produced 220,000 ounces at 16.5g/t gold from underground, plus 25,000oz at 2.5g/t from an open pit.
Bowles said the Oroya drilling was a small program for Alto, which has a resource update imminent for Sandstone’s shallow 635,000oz resource that’s currently held in the Lord Nelson, Lord Henry, Vanguard Camp, Havilah Camp, Indomitable Camp and Ladybird deposits.
Bowles said Oroya was “a really exciting regional target”.
“While we’re not sort of losing any focus, I guess, on our priority which is growing our existing resources – which are all shallow, open pittable, pit constrained – having something like Oroya is difficult to ignore, so it’s just trying to balance the two,” he said.
“I think investors can see the work that we’re doing also just demonstrates the quality of the projects that are in our overall project pipeline.”
