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Alt Resources Ltd.
Summary
| Project: | Mt Roberts-Cottee | |
|---|---|---|
| Deposit: | Mt Roberts-Cottee | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/16/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-11-2016: Alt Resources Ltd. announces an Exploration/Drilling Update report for its Mt Roberts-Cottee deposit at the Mt Roberts-Cottee project. Drilling results incl. 3m @ 28.62g/t Au from 19m. Alt Resources Ltd (ASX: ARS; “Alt or the Company”) is plea | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr. Helen Degeling (Internal) | |
| ABSTRACT: | Alt Resources Ltd (ASX: ARS; “Alt or the Company”) is pleased to announce encouraging initial results from the Mt Roberts-Cottee gold project, near Leinster, WA (Figure 1). A 34 hole (2,088m) RC program was completed on the 8th November, 2016. The program was designed to confirm results from historical drilling, test beneath old workings and extend known mineralisation at depth and along strike. The Mount Roberts-Cottee Project is located 9 km northwest of Leinster (Figure 1) and 19 km northeast of the 3.8 Moz Agnew Gold Mine operated by Gold Fields Ltd. The project lies within the Agnew-Wiluna Greenstone Belt, which is host to several major gold deposits including the Agnew Gold Mine, Lawlers and Vivien, within or near the Agnew Gold Camp. The project area is characterised by a tightly folded sequence of altered komatiites, basalts, felsic volcanics, and fine sediments (Figure 2). Mount Roberts-Cottee is located on the eastern limb of the Mt White Syncline and the western limb of the Leinster Anticline. Major NNW-striking shears are located to the east and west with secondary mineralised splays occurring within the licence area. Gold mineralisation occurs within a shear zone in close proximity to the ultramafic-mafic contact. It forms a west dipping lens in the southern part of the project, and dips to the east in the northern area. Mineralisation has been intersected in historical drilling along a 200m strike length and remains open at depth. Rotary Air Blast (RAB) and Reverse Circulation (RC) drilling was conducted in 1998 by Consolidated Gold Mines Ltd targeting the sheared contact between the komatiite and basalt units. Most holes were angled to the west, along a west-dipping contact and thus may have missed the most significant zones of gold mineralisation. Significant intercepts from historical drilling were detailed in Alt Resources’ announcement on the 30th August, 2016 (http://www.altresources.com.au/wp-content/uploads/2014/06/Mt-Roberts-JVAnnouncement.pdf). | |
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