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Alt Resources Ltd.
Summary
| Project: | Mt Ida | |
|---|---|---|
| Deposit: | Shepherds Bush, Emu | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc-Manganese | |
| Date: | 8/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-8-2019: Alt Resources Ltd. announces an Exploration/Drilling Update report for its Shepherds Bush, Emu deposit at the Mt Ida project. Drilling results incl. 19m @ 0.31g/t Au, 0.93g/t Ag, 0.15% Cu, 38ppm Pb, 82ppm Zn, 0.56% Mn. Alt Resources Ltd (ASX: A | |
| 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 from drillholes SBRC006 and EMDD001 from Shepherd’s Bush and Bottle Creek project areas. The Company recently completed RC drilling at the Mt Ida Gold Project across several prospects, as part of the program ten RC holes were drilled at the Shepherd’s Bush prospect, with results announced to the market in August. Alt’s recent drilling confirmed broad zones of gold mineralisation in a package of ultramafic and mafic schists, sulphidic shales, and cherts including drillhole SBRC006, which returned 80 metres at 1.49g/t Au (Figure 2). With several drillholes intercepting gold in massive and semi-massive sulphides, and SBRC006 ending with gold in 19 metres of massive sulphides, the Company re-submitted SBRC006 pulps for a full ME-ICP61 four acid digest multi-element analysis. The massive sulphide intercept in SBRC006, which continues to then end of hole, has returned 19 metres at 0.31g/t Au, 0.93g/t Ag, 0.15% Cu and 0.56% Mn (Figure 2). There is an elevated copper zone at the top of the massive sulphide including 2 metres at 0.79g/t Au, 1.5g/t Ag, 0.67% Cu. The Company is currently considering the likely deposit style, with Besshi style VMS a possibility. The low lead (Pb) assays are expected in this style, however zinc (Zn) would typically be elevated in association with the copper (Cu). Zn increases to 216ppm in the 3m at the end of SBRC006. With zinc being a mobile element, and lithologies above the massive sulphides being deeply weathered, it is possible zinc has been depleted. | |
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