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Alt Resources Ltd.
Summary
| Project: | Bottle Creek | |
|---|---|---|
| Deposit: | Emu | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-4-2018: Alt Resources Ltd. announces an Exploration/Drilling Update report for its Emu deposit at the Bottle Creek project. Drilling results incl. 22m @ 6.3g/t Au from 52m. Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to announce the re | |
| 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 receipt to date of 1,600m of RC drilling results from the Emu Deposit at Bottle Creek, WA. Gold assays have been received from drillholes EMRC010 to EMRC020, and multi-element assays have been received for EMAC001 and EMRC004. Results up to 23.4 g/t Au1 , 29 g/t Ag and 0.57 % Pb2 have been returned and are listed in detail in Table 1 and 2. High gold grades occur within and alongside broad, consistently graded zones such as 35m @ 1.3 g/t Au3 . Gold mineralisation is present close to surface, with most results commencing above 50m depth. Furthermore, several drillholes ended in gold mineralisation (e.g. EMRC015, 016 and 020; Figure 1 and 2), therefore the true width of these intercepts has not been determined. This demonstrates that gold mineralisation may have greater depth extent than previously thought, with possible repetitions of mineralised zones at depth. Alt is currently planning a series of deeper drillholes to test these concepts. In addition to the new results reported here, a further 3,000m of samples have been delivered to the ALS laboratory in Kalgoorlie for assay, with results expected in the coming weeks. Alt CEO James Anderson said; “Our results from drilling at Emu continue to demonstrate the widths and grades of gold mineralisation that we want to see in moving Bottle Creek towards resource definition and modernisation of the Project in general. This is a fantastic project, with tremendous scope for development of a processing hub at Bottle Creek. The Mt Ida Shear and associated structures form part of a very under-explored area that we see as an emerging gold district. Historical exploration of outlying prospects has been fragmented, with little time or effort spent in understanding the structure and controls on gold mineralisation in the area.” | |
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