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Alt Resources Ltd.
Summary
| Project: | Paupong | |
|---|---|---|
| Deposit: | Kidman | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc-Bismuth-Tellurium | |
| Date: | 12/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-12-2017: Alt Resources Ltd. announces an Exploration/Drilling Update report for its Kidman deposit at the Paupong project. Drilling results incl. 2m @ 0.12% Co, 1.56% Cu, 1.06g/t Au, 7.8g/t Ag from 103m. Alt Resources (Alt, or ‘the Company’) is pleased | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Helen Degeling (Internal) | |
| ABSTRACT: | Alt Resources (Alt, or ‘the Company’) is pleased to announce the results of a thorough review of the geochemistry of the Paupong Project. Cobalt has been identified as a key component of the Paupong mineralised system; grades up to 0.12% Co have been detected. The Paupong Project is located in the south-eastern Lachlan Orogen, in far southern New South Wales (Figure 1). It is a polymetallic intrusion-related gold system, covering an area of 8 x 4 km, with up to 14 g/t Au and 451 g/t Ag in rock chips. Base metal and bismuth mineralisation is also locally developed, with Cu up to 3.8 %, Pb up to 4.1 %, Zn up to 1 % and Bi up to 1.4 % in surface and drillhole sampling. CEO James Anderson commented “The cobalt mineralisation we’ve identified adds another dimension to the Paupong IRG system; one that we had not considered until the geochemical review was completed. Cobalt will continue to be in demand over time. with the EV market still expanding. We know Paupong represents a very large-scale system with plenty of opportunity for further discovery. We are also close to finishing a review of the detailed geophysical surveys we have for the area, and will advise the market about this in the coming weeks. With our strong scientific approach, our aim is to generate new targets for diamond drilling in 2018. We also plan to begin the process of finding a larger JV partner to come into this project as it does represent a terrific opportunity for a larger player looking for a big system”. | |
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