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Alt Resources Ltd.
Summary
| Project: | Paupong | |
|---|---|---|
| Deposit: | Kidman, Windy Hill | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc-Bismuth-Tellurium | |
| Date: | 7/28/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-7-2016: Alt Resources Ltd. announces an Exploration/Drilling Update report for its Kidman, Windy Hill deposit at the Paupong project. Drilling results incl. 0.8m @ 1.43g/t Au, 1.5g/t Ag, 0.12% Cu, 91ppm Bi from 180.4m at Kidman. NSW-focused base and pr | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr. Helen Degeling (Internal) | |
| ABSTRACT: | NSW-focused base and precious metals explorer Alt Resources Ltd (ASX: ARS; “Alt or the Company”) has completed diamond drilling at its flagship Paupong Project near Jindabyne in southern NSW. The Kidman Prospect continues to show encouraging results, whilst preliminary drilling at Windy Hill (3.5 km north of Kidman) shows strong, though narrow, polymetallic vein-hosted mineralisation along a 250m strike. Prospect locations are shown on Figure 1, with significant results listed in Tables 1 and 4. 10 holes have been completed to date in the 2016 program; 6 at the Kidman prospect and 4 at Windy Hill. The completion of the preliminary program at Windy Hill has laid the foundation for further drilling, targeting larger scale combined magnetic, IP and geochemical anomalies thought to represent buried intrusion-related gold systems. These have been described in detail in the Alt Resources Announcement on the 24th May, 2016. The Windy Hill system continues to show promise with new results supporting previously announced drilling from drillhole PDD008. “First pass drilling at the Windy Hill prospect has proved to be quite positive for the Company”, commented James Anderson, CEO of Alt. “The mineralised intercepts are narrow, but show some grade and continue to demonstrate the potential for further discovery at Paupong. The areal extent of this new mineral system has now been expanded based on the drilling program and recent exploration activity, and has provided the Company with some prospective new drilling targets. We have obtained drilling permission for the Windy Hill prospects from the Government moving forward in 2016 and submitted an amended drilling application to include the recently discovered Lone Ranger prospect.” The Paupong prospects cover an area in excess of 60 square kilometres and the planned drilling for 2016- 17 is designed to test significantly deeper targets and new prospects. The Company has drilled a very limited number of holes to date in a new greenfield system. | |
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