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 about 4.9 million tonnes at 1.7 g/t for 261,000 ounces of contained gold across the project.
The gold explorer is currently working on JORC 2012 resource estimates for three deposits named Ladybird, Havilah and Sandstone North. It revealed maiden gold resources at the Indomitable and Vanguard Camp deposits a couple of months ago.
Early next year there will be an RC drilling campaign on three main targets, namely Indomitable, Vanguard and Lord Nelson. An Aircore drilling program is also planned for earlier stage exploration areas.
Ryan highlights gold recoveries of 93-94% from metallurgical test work.