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Alt Resources Ltd.
Summary
| Project: | Bottle Creek | |
|---|---|---|
| Deposit: | Bottle Creek | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 3/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-3-2019: Alt Resources Ltd. announces a Resource Estimation report for its Bottle Creek deposit at the Bottle Creek project. Updated mineral resource at the project. Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to provide an update to t | |
| Resources: | (Resource, Total): 5.6Mt @ 1.72g/t Au for 309Koz Au, 3.78Moz Ag contained at Bottle creek | |
| CP/QP: | [Resources]: Stephen Hyland (Hyland Geological and Mining Consultants) | |
| ABSTRACT: | Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to provide an update to the Mineral Resource estimate for the Bottle Creek and Mt Ida Gold Project. The Company recently completed estimations based on the third phase of RC drilling at Bottle Creek. Confirming mineralisation extensions to the south of the Emu and Southwark deposits, as well as to the north of the VB and Boags open pits with the Phase 3 drill program adding an additional 148,668oz Au and 2.88Moz Ag. Bringing the total for Alt’s Bottle Creek Gold Project to 5.5Mt @ 1.72g/t Au, for 309,000oz Au (Table 1), including 5.5Mt @ 21.1 g/t Ag for 3.78Moz Ag The Company released its Maiden JORC Resource estimate for Bottle Creek on the 16 th August 20181 . With a second resource upgrade for Bottle Creek being announced to the market 18th October 20182 . This third resource upgrade expands Alt’s overall Mt Ida and Bottle Creek Gold Project resource inventory significantly. Alt’s combined mineral resource Inventory now stands at 6.8Mt @ 1.85 g/t for 406,000oz Au and 3.78Moz Ag consisting of the Bottle Creek Project combined with the existing resources on the Mt Ida Project, which includes Quinn’s and Mt Ida South Project areas (See Appendix 1 for a summary of the Mt Ida Gold Project resources). | |
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