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Alt Resources Ltd.
Summary
| Project: | Bottle Creek | |
|---|---|---|
| Deposit: | Emu, Southwark | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 9/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-9-2018: Alt Resources Ltd. announces an Exploration/Drilling Update report for its Emu, Southwark deposit at the Bottle Creek project. Drilling results incl. 27.0m @ 3.7g/t Au from 56.0m. Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dr Helen Degeling (Internal) | |
| ABSTRACT: | Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to announce assay results from the second phase of RC drilling at the Bottle Creek Gold Project. Alt completed 45 drillholes for a total of 2,468m (Figure 1). This included 29 additional holes at the Emu deposit to define gold extensions for incorporation into the Company’s Mineral Resource Estimate. A further 16 holes were drilled at the Cascade deposit (formerly named XXXX, ‘Four X’) to confirm and augment historical drilling, for development of the first resource estimate for this area of the Bottle Creek deposit. Assay results up to 64.3 g/t Au1 and 209 g/t Ag2 have been received for new drilling in the zone between Emu and Southwark, confirming continuity of mineralisation between these two deposits. This zone also includes broad, moderate to high grade zones such as 27m @ 3.7 g/t Au and 25m @ 2.9 g/t Au3 . Similarly, grades up to 12.2 g/t Au4 have been intersected in the region south of the Emu deposit. Alt’s first drilling campaign at the Cascade deposit, 800m north of Southwark, has also successfully confirmed the presence of high grade gold mineralisation. The highest assay for new drilling in this area is 26.0 g/t Au, with broad zones up to 7m @ 7.5 g/t Au5 . From south of Emu, north through Southwark to Cascade, Alt’s drilling at Bottle Creek now covers a strike length of 2.6 km. With the receipt of these results at Emu, Southwark and Cascade, Alt’s intended next step is to incorporate this drilling into an updated Mineral Resource Estimate for Bottle Creek. The current resource stands at 1.65Mt @ 2.1 g/t Au, for 109,500 oz gold6 | |
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