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Alt Resources Ltd.
Summary
| Project: | Mt Ida and Bottle Creek | |
|---|---|---|
| Deposit: | Mt Ida and Bottle Creek | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 7/10/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-7-2020: Alt Resources Ltd. announces a Resource Estimation report for its Mt Ida and Bottle Creek deposit at the Mt Ida and Bottle Creek project. Initial Ore Reserve Estimate for Mt Ida and Bottle Creek. Alt CEO James Anderson commented: “The PFS and M | |
| Resources: | (Reserves, P+P): 4.6Mt @ 1.8g/t Au, 15.8g/t Ag (272koz Au, 2Moz Ag) | |
| CP/QP: | [Reserve] Gary McCrae (Minecomp Pty Ltd.) | |
| ABSTRACT: | Alt CEO James Anderson commented: “The PFS and Maiden Ore Reserve confirms the Mt Ida Bottle Creek Gold Project as a promising undeveloped gold asset which is technically and financially sound. The work the Company has done over the past 3 years culminating in this PFS demonstrates the potential for this under explored Northern Goldfields region. The future development of a treatment plant will encourage other stranded assets located in the region to be further explored and developed. The Mt Ida Bottle Creek projects, close proximity to Kalgoorlie, the sunk capital as a legacy benefit from Norgold and the project being oxide open pits makes Mt Ida and Bottle Creek an attractive development proposition”. Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to announce the results of its Preliminary Feasibility Study (PFS) and Maiden Ore Reserve for the Mt Ida and Bottle Creek Gold Project which are located 80km north west of Menzies in the Mt Ida gold belt (Figure 1). The PFS and Maiden Ore Reserve supports an initial seven year Run of Mine (ROM) with robust economics | |
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