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Alt Resources Ltd.
Summary
| Project: | Bottle Creek | |
|---|---|---|
| Deposit: | Emu | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-4-2018: Alt Resources Ltd. announces an Exploration/Drilling Update report for its Emu deposit at the Bottle Creek project. Drilling results incl. 27m @ 5.6g/t Au from 34m. Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) has received a further 900m | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr Helen Degeling (Internal) | |
| ABSTRACT: | Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) has received a further 900m of assay results from RC drilling at the Emu Deposit, Bottle Creek, WA. Gold assays have been received from drillholes EMRC021 to EMRC033 with results up to 53.0 and 50.4 g/t Au1 . Significant results are listed in detail in Table 1. These zone of high gold grades occur within and alongside broad, consistently graded zones such as 27m @ 5.6 g/t Au2 . These broad zones are a positive feature for potential future mining operations, ensuring a minimal ‘nugget’ effect and a more easily extracted bulk target. RC drilling is planned to continue to the end of April 2018. Further results will be released to the market as they come to hand. Since drilling commenced at Bottle Creek on the 12th March, over 8,000m of RC drilling has been undertaken, including recent completion of the planned drill program at the un-mined Southwark deposit. Assays are pending for the Southwark deposit, which lies 1,000m along strike to the north of Emu (see Figure 6 for site layout). Resource drilling for Emu is ongoing, with the rig having moved back to the southern end of the deposit. To date, Alt has delivered 7,200m of samples to the ALS laboratory in Kalgoorlie. Assay results will continue to be reported over the coming months. DDH1 Drilling will be onsite by the 7th May 2018 to commence the initial phase of diamond drilling across Emu and Southwark. The aim of this program will be to collect metallurgical samples and conduct initial geotechnical studies for resource development. Alt CEO James Anderson said; “These are outstanding results coming from the drilling at Emu with all holes intercepting gold. The results continue to support the Board’s faith that the Bottle Creek Project and Mt Ida in general will move irrevocably from abandoned gold mine to a revitalised area for gold exploration. Bottle Creek is an ideal location to establish a production hub in the Mt Ida Belt, and we intend to fast track the project accordingly. The initial phases of RC drilling is well on the way to completion and ahead of schedule, and we expect to deliver the first stage of a JORC resource by mid-year. This will move us one step closer to development.” | |
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