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Alt Resources Ltd.
Summary
| Project: | Bottle Creek | |
|---|---|---|
| Deposit: | Bottle Creek | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/3/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-4-2020: 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 an update | |
| 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 an update to the Mineral Resource estimate for the Mt Ida and Bottle Creek Gold Project. The Company has completed a revised Resource Estimation for the Emu, Southwark, VB and Boags areas based on revised block model and density data from all drilling programs across the Bottle Creek project area. Hyland Geological and Mining Consultants (HGMC) has updated the bulk density estimations for the Bottle Creek mineralised ore zones known as the “Emu Formation” including the Emu, Southwark, Cascade, VB and Boags deposits. The newly upgraded Global Resource Estimates can be seen in Table 1 with the Measured and Indicated Resource Estimate shown in Table 2. The current Resource upgrade at Bottle Creek further strengthens the Company’s development strategy for the Mt Ida and Bottle Creek Gold Projects. Importantly, the resource upgrade provides a significant increase in the Measured and Indicated JORC categories of approximately 14%. | |
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