Alto Metals Ltd (ASX:AME) has further defined a gold-in-soil anomaly at its Sandstone Gold Project in Western Australia, having collected 336 soil samples in the vicinity of four litho-structural targets.
Assays have defined a coherent 15ppb gold anomaly over 2.5 square kilometres with maximum and minimum values of 92ppb and 5ppb gold, respectively.
Prime site for gold mineralisation
Alto’s managing director Dermot Ryan said: “The systematic approach being applied at Sandstone is potentially outlining new large gold systems.
“This includes detailed magnetic surveys to ‘look through’ lateritic cover, interpretation to identify favourable fractured iron rich host rocks, and follow-up soil sampling.
“Drill testing of this latest soil anomaly is awaiting approval from the Department of Mines, Industry Regulation and Safety.”
The Valiant anomaly is around 7 kilometres from the town of Sandstone and the area was initially identified as a prime site for gold mineralisation by Terra Resources’ consultant Barry Bourne in 2017.
Bourne described the target as “a break in sediment/mafic stratigraphy with interpreted felsic intrusives”.
Alto holds about 800 square kilometres of the prospective Archaean Sandstone Goldfield, 600 kilometres north of Perth in the East Murchison Mineral Field.
Since acquiring the project in June 2016, Alto has compiled and reviewed a large legacy database of a series of focused exploration and drilling campaigns which began in late 2016.