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Alt Resources Ltd.
Summary
| Project: | Bottle Creek | |
|---|---|---|
| Deposit: | Emu | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-6-2018: Alt Resources Ltd. announces an Exploration/Drilling Update report for its Emu deposit at the Bottle Creek project. Drilling results incl. 24.0m @ 5.8g/t Au from 56m. Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to announce the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr Helen Degeling (Internal) | |
| ABSTRACT: | Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to announce the results from the final 30 RC holes drilled at the Emu deposit, Bottle Creek Gold Project, WA. Emu lies approximately 4 km to the north of the VB pit Figure 1 and the final results indicate continuity of the broad gold zones encountered at Emu1 . Gold assays have been received from drillholes EMRC034 to 038 and EMRC072 to 096 with individual assays up to 55.6 g/t Au2 . Significant results are listed in detail in Table 1. High grade gold zones occur within and alongside broad, consistently graded zones such as 24m @ 5.8 g/t Au3 . These broad zones of Au mineralisation are a positive feature for potential future mining operations, ensuring a minimal ‘nugget’ effect and a more easily extracted bulk target. The final results from north Emu demonstrate that mineralisation is open to the north, with the northern most line of drilling including 9m @ 3.95 g/t Au (EMRC086) and 11m @ 2.57 g/t Au (EMRC087; Figure 2 and Table 1). This zone of gold mineralisation at north Emu has not been closed off by either modern or historical drilling along strike towards the Southwark deposit, which lies 600m to the north. Drilling at the un-mined Emu deposit was completed on the 10th May, 2018, for a total of 8,500m. The program was achieved well ahead of schedule and within budget. Alt CEO James Anderson said; “The final results from this RC program clearly indicate that the Emu deposit is very robust. We have 600 metres of infill drilling planned between the north end of the Emu deposit and the south end of the Southwark deposit. This is scheduled to commence in July 2018 with POWs recently approved. We are expecting the maiden resource for Bottle Creek to be completed and announced on schedule in August.” | |
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