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Alt Resources Ltd.
Summary
| Project: | Mt Ida | |
|---|---|---|
| Deposit: | Shepherds Bush, Spotted Dog | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/6/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-8-2019: Alt Resources Ltd. announces an Exploration/Drilling Update report for its Shepherds Bush, Spotted Dog deposit at the Mt Ida project. Drilling results incl. 80m @ 1.49g/t Au from 8m. Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased | |
| 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 completion of 18 RC drillholes at the Shepherd’s Bush and Spotted Dog prospects at Mt Ida South. The Company recently completed ~5,500 metres of RC drilling at the Mt Ida Gold Project across several prospects, announcing the Tim’s Find results in July 2019. As part of the recent program the Company drilled ten RC holes at the Shepherd’s Bush prospect and seven RC holes at the Spotted Dog prospect. Historical exploration undertaken at Shepherds Bush by previous operators was recently reviewed by the Company with the results of that review announced to the market in February of this year2 . Alt’s recent ten hole RC program reported here has confirmed the historical results intercepting broad zones of low-level gold in a series of ultramafic and mafic schists with sulphidic shales and cherts. Drillhole SBRC006, which returned 80 metres at 1.49g/t Au (Figure 2), indicates significant potential, and with the hole ending in low-grade gold mineralisation in massive sulphides selected samples have been sent for base metal assaying. All ten RC drillholes at Shepherds Bush intercepted gold mineralisation to varying degrees across a 400 metre strike length thus extending the historical mineralised zone by 200 metres to the north (Figure 4). All significant results are included in Table 1. | |
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