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Alto Metals (ASX: $AME) commences drilling for new gold targets

Alto Metals (ASX: $AME) initiates 4,000m aircore drilling program


Alto Metals Limited (ASX: $AME) has announced the commencement of a regional aircore (AC) drilling program at its 100% owned Sandstone Gold Project in Western Australia. The initial 4,000m program aims to test shallow gold targets identified from the recent infill soils sampling program at the Sandstone North prospect.

Alto Metals' Managing Director, Matthew Bowles, on the drilling program


We are pleased to have a rig back on site drilling at our Sandstone Gold Project. Given the structural setting and high-grade gold results reported in historical drilling at Sandstone North, we are excited to be testing these compelling regional gold targets. We continue to focus on advancing our Sandstone Gold Project and Sandstone North demonstrates the quality of our regional project pipeline. We look forward to providing shareholders with updates on the results of the drilling when they are received.

Alto Metals' outlook and corporate strategy


Alto Metals Ltd is focused on growing its resources through continued exploration success and new discoveries at the Sandstone Gold Project. The company's current shallow, open pit gold resource stands at 17.6Mt @ 1.5 g/t gold for 832,000 OZ, optimised and pit-constrained within A$2,500/oz pit-shells. The ongoing low-cost regional targeting work, including over the Hacks West area, aligns with the company's ambitions to expand its resource base. Alto Metals is committed to providing updates on the drilling results, reflecting its dedication to transparency and shareholder communication.

ALTO METALS LIMITED
AME | ASX | Materials
0.0370(+0%)
At close 05/07 (AEDT)
Market cap
$26.7M
Volume
637,288
DY Yield
0
PE Ratio
0
52 Week Range
0.023 - 0.068
1YR Return
-26%

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