Australia's Alto Metals rises on thick gold mineralisation in WA project

Alto Metals

25/10/2023 03:32

** Shares of Australia's Alto Metals  AME.AX  rise as much
as 4.5% to A$0.046, set for best day since Sept 1 if gains hold
    ** Co confirms thick gold mineralisation at Bull Oak deposit
in its Sandstone Gold Project, Western Australia
    ** Says mineralisation is not constrained to granodiorite
but also extends into surrounding rocks
    ** Adds mineralisation highlights potential for considerable
near-term growth within a larger, single pit
    ** More than 141,700 shares change hands, compared with the
30-day average volume of 310,490
    ** Stock down ~34% this year, as of last close
($1 = 1.5645 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))