Alto Metals Ltd.: Sandstone Presentation Mining 2016
24.08.2016 | ABN Newswire
Perth - Alto Metals Ltd. (ASX:AME) are pleased to provide the latest Company Presentation at Mining 2016 regarding the Sandstone Gold Project titled "Gateway to Gold".Company Overview
- Well funded for immediate exploration programme (Cash and liquid assets of ~$3.6 million)
- Experienced Board and management team, with track record of exploration success in +1Moz gold systems
- Dominant land holding over well endowed goldfield (+1.3Moz mined to date) with considerable exploration upside
- Strong support from Shareholders
Vision & Action Plan for Sandstone
VISION
Discovery of sufficient gold resources to support a highly profitable mining operation of at least 100,000 ounces per annum over > 7 years
FULLY FUNDED ACTION PLAN 2016/17
- Upgrade historic 2007 & 2011 Indicated & Inferred Mineral Resources to JORC 2012 status - in progress
- Induced Polarisation (IP) Surveys to define sulphide (gold) targets - Aug/Sept 2016
- Grant of tenements and lodgement of Programs of Work ("PoWs") - ~18 Sept 2016
- Drilling to commence following PoW approval by DMP - ~ mid Oct 2016
-- Drill testing of known unmined oxide mineralisation to establish new resources
-- Drill testing for extensions to high-grade primary ore systems
-- Drill testing other high-grade primary mineralised vein systems throughout tenure
ALTO SET TO SOAR ...
- Well funded for immediate exploration programme (Cash and liquid assets of ~$4 million)
- Experienced Board and management team, with track record of exploration success in +1Moz gold systems
- Dominant land holding over well endowed goldfield (+1.3Moz mined to date) with considerable exploration upside
- Strong support from Shareholders
"Alto's acquisition of Sandstone exploration tenements resembles Avoca's acquisition of Higginsville..." Keith Goode July 2016.
To view the presentation, please visit:
http://abnnewswire.net/lnk/I491P4O3
About Alto Metals Ltd:
Alto Metals Ltd. (ASX:AME) is a Western Australian based company and is focused on gold and uranium exploration in Australia. The Company's primary objective is to create shareholder wealth through discovery and development of a plus 1 million ounce gold deposit and ISR style uranium deposits.
Contact:
Alto Metals Ltd.
Dermot Ryan Executive Director
Tel: +61-8-9381-2808
Email: admin@altometals.com.au
www.altometals.com.au