Alto increases Sandstone resource
PERTH (miningweekly.com) – ASX-listed Alto Metals has reported a 92% increase in the mineral resource estimate of its Sandstone gold project, in Western Australia.
The project is now estimated to host 12.4-million tonnes, at 1.6 g/t gold for 635 000 oz of contained gold.
Alto told shareholders on Wednesday that the updated mineral resource incorporates updates for the Lord Nelson, Lord Henry, Havilah and Vanguard Camps deposits, with only indicated and inferred categories of mineralisation considered for use.
“We are extremely pleased to be able to report this substantial increase in the gold resource that has been independently estimated by Snowden Optiro, to 635 000 oz at the Sandstone gold project. We view this very much as an interim resource upgrade, with significant scope to delineate additional shallow, high-grade gold ounces with the current and planned drilling at the Lords Corridor, Vanguard and Indomitable,” said Alto MD Matthew Bowles.
“The company remains focused on adding further ounces with extensional drilling and plans to mobilise additional rigs to fast-track this resource growth and also test a number of our high-priority regional targets.
“Alto completed over 60 000 m of drilling in 2021 and the scale of growth, particularly at Lord Nelson which has more than doubled and Vanguard which has tripled in size, gives us the confidence that we can continue to materially grow the resources beyond what is currently defined at Sandstone.”
Bowles said that with Alto’s next major drill programme well underway, 2022 is already shaping up to be another busy year for Alto, with another resource update anticipated for later in the year.
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