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Alt Resources Ltd.
Summary
| Project: | Bottle Creek | |
|---|---|---|
| Deposit: | Southwark | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-5-2018: Alt Resources Ltd. announces an Exploration/Drilling Update report for its Southwark deposit at the Bottle Creek project. Drilling results incl. 21m @ 10.8g/t Au from 49m. Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to announc | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr Helen Degeling (Internal) | |
| ABSTRACT: | Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to announce more outstanding results from the RC drilling program at the Southwark deposit, Bottle Creek Gold Project, WA. Southwark is an un-mined deposit that lies 1 km to the north of Emu (Figure 1). The latest Southwark results continue to reveal a coherent, steeply dipping ore zone which appears to be open and broadening at depth. Gold assays have been received from drillholes SWKRC019 to SWKRC037 with individual assays giving bonanza grades up to 140 g/t Au1 . Significant results are listed in detail in Table 1. The mineralised zone also continues to be characterised by broad, consistently graded zones such as 23m @ 3.2 g/t Au2 . These broad zones are a positive feature for potential future mining operations, ensuring a minimal ‘nugget’ effect and a more easily extracted bulk target. Assay results show that a number of holes at Southwark have ended in mineralisation. Cross-sections below (Figure 3-5) reveal that mineralisation is consistently open at depth along the whole strike length of the Southwark deposit tested in this RC program. Mineralisation appears to be widening with depth, whilst maintaining medium to high grade gold values. This deeper, broader zone will be the subject of further drilling later in the year. | |
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