Alto Metals Limited is a gold explorer holding a significant land position of over 740km2 (“Sandstone Gold Project” or “SGP”) in the Archaean Sandstone Goldfield approximately 600km north of Perth in the East Murchison Mineral Field of Western Australia.
Sandstone Gold Project is an advanced exploration project which comprises both brown-field and green-field exploration portfolio. The current mineral resource base of the SGP consists of 17.6Mt @ 1.5 g/t Au for 832,000oz of gold (Indicated and Inferred, JORC 2012). Unconstrained MRE of 23.5Mt @ 1.4g/t Au for 1.05Moz. Refer to Mineral Resource Table.
Historical production from the Sandstone Goldfield is approximately 1.3 million ounces gold, with half of this being mined in the period 1894-1914, and the remainder being mined by Herald Resources Ltd and Troy Resources NL from shallow open pits (50m to 100m below surface) at Oroya, Bull Oak, Bulchina, Lord Nelson and Lord Henry in the period 1994-2010.
Alto’s immediate focus is to rapidly expand the current mineral resources with further exploration and step out and infill drilling. The Priority targets are shallow gold deposits (new deposits such as Vanguard, Indomitable Camps, Havilah and Ladybird etc.), extension and primary zone discoveries in the vicinity of previously partial-mined deposits (such as Lord Nelson, Lord Henry and Bulchina etc.) that could be profitably mined through establishment of standalone oxide and primary gold mining operations at Sandstone.
Since acquiring the Sandstone Project in June 2016, Alto has compiled and reviewed a large legacy database ahead of a series of focused exploration and drilling campaigns which have significantly firmed up the base of multi-million ounces gold potential. Alto has an experienced Board of Directors and Management Team with extensive skills in exploration, mining, accounting and corporate governance.