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Alto Metals drill holes at Sandstone show "very encouraging" results

Alto Metals Ltd (ASX: AME) is a gold exploration company with a key project in the East Murchison Mineral field in Western Australia.

Alto’s most recent assays from the Hancock Prospect show some promising results with managing director Dermot Ryan telling Proactive Investors “the potential I think is there for multi-million ounce deposits at Sandstone”.

The company aims to ultimately mine at least 5 million ounces of gold at the Sandstone project, which sits in a well-established gold mining area of the country.

“We intend to turn some of these targets into resource ounces over next six to 12 months” says Mr Ryan.

Quick facts: Alto Metals Ltd

Price: 0.11 AUD

ASX:AME
Market: ASX
Market Cap: $41.07 m
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Alto Metals adding ounces and grade across multiple deposits at Sandstone...

Alto Metals Ltd (ASX:AME) managing director Dermot Ryan summarises for Proactive Investors the past 24 months of exploration and metallurgical test works at the approximately 800 square kilometre Sandstone Gold Project in Western Australia. There is currently a defined a gold resource of...

on 6/12/18

2 min read