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Alt Resources Ltd.
Summary
| Project: | Mt Ida | |
|---|---|---|
| Deposit: | Forrest Belle, Pianto's Find | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-8-2019: Alt Resources Ltd. announces an Exploration/Drilling Update report for its Forrest Belle, Pianto's Find deposit at the Mt Ida project. Drilling results incl. 17m @ 3.50g/t Au from 33m. Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleas | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Todd Axford (GEKO-Co Pty Ltd.) | |
| ABSTRACT: | Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to provide an exploration update and results from Forest Belle and Pianto’s project areas. Pianto’s and Forrest Belle were the last areas tested by the Company during the recent RC drilling program at Mt Ida with 11 holes drilled at Forrest Belle and three holes drilled at Pianto’s Find. The Pianto’s Find prospect is of interest to the Company due to similar magnetic response to Bottle Creek, indicating potential for a parallel mineralised corridor. In addition to similarities in the magnetics data, historical RAB drilling at Pianto’s, shown in figures 2, 3 and 4 below, supports gold potential with one of the historic drillholes (MIB232) intercepting shallow low grade gold. With Bottle Creek mineralisation drilled along >8km strike length and contributing strongly to the projects Gold and Silver Resource1 the Pianto’s holes were designed as an intial test of the parallel magnetic lineament. Previous drilling in the area is limited to the historic broadly spaced RAB and Aircore holes drilled at 50m spacing on 400m spaced lines (shown on Figure 3) with an average depth of 49m. Comparison with Bottle Creek indicates the past drilling is not a complete test, especially if mineralisation is subvertical or dipping west. The results from PFRC002, which intercepted 14 metres at 2.6g/t Au with a peak grade of 28.9g/t Au over one metre, are very encouraging and the Company plans to expand exploration on the Pianto’s magnetic lineament during the next phase of RC drilling at Mt Ida. | |
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