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Alt Resources Ltd.
Summary
| Project: | Bottle Creek | |
|---|---|---|
| Deposit: | Bottle Creek | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/10/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-2-2020: Alt Resources Ltd. announces a Resource Estimation report for its Bottle Creek deposit at the Bottle Creek project. Updated mineral resource estimate for project. Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to provide this upd | |
| Resources: | ||
| CP/QP: | [Resources]: Stephen Hyland (Hyland Geological and Mining Consultants) | |
| ABSTRACT: | Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to provide this update to the Mineral Resource estimate for the Mt Ida and Bottle Creek Gold Project. The Company recently completed Resource Estimations based on the drilling programs completed in Q3 and Q4 of 2019. The Company completed a total of 6,768 metres of RC drilling at Mt Ida South and Bottle Creek project areas confirming mineralisation extensions to the Tim’s Find, Shepherds Bush and VB North deposits. The drilling programs completed in Q3 and Q4 2019 adding an additional 113,000oz Au. Bringing the total for Alt’s Mt Ida and Bottle Creek Gold Project Resource to 10.46Mt @ 1.54g/t Au, for 519,000oz Au (Tables 1 and 2), including 5.6M tonne @ 21.1 g/t Ag for 3.78Moz Ag. The current Resource Upgrade further supports the Company’s project development strategy for the Mt Ida and Bottle Creek Gold Project (Figure 1). The project area has multiple additional exploration and mining targets identified within the Company’s landholding. The upgraded Resource Estimate incorporates results of 6768 metres new RC drilling undertaken at VB North, Tim’s Find and the Shepherds Bush deposits with all results announced to the market 1 . The Tim’s Find extension has expanded the Tim’s Find deposits north and south of the historical resource and remains open north and south, with drilling at VB North and Shepherds Bush delivering additional resource ounces with further drilling at Shepherds Bush scheduled to commence in Q1 2020. | |
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