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Alt Resources Ltd.
Summary
| Project: | Bottle Creek | |
|---|---|---|
| Deposit: | Southwark, Emu | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-5-2018: Alt Resources Ltd. announces an Exploration/Drilling Update report for its Southwark, Emu deposit at the Bottle Creek project. Drilling results incl. 20m @ 3.44g/t Au from 63.0m. Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr Helen Degeling (Internal) | |
| ABSTRACT: | Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to announce further results from the RC drilling program undertaken at the Emu deposit and the final 3 holes at Southwark deposit, Bottle Creek Gold Project, WA. Recent drilling at the Emu deposit covered 600 metres of strike length and the drilling at the Southwark deposit covered 300 metres of strike length indicating the scale and quality of this project. Emu and Southwark are un-mined deposits that lie approximately 4 km to the north of the VB and Boags open pits (Figure 1). The final 3 holes at Southwark 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 SWKRC042 to SWKRC044, completing the current round of RC drilling results for the Southwark deposit. Results from RC drilling in the southern part of the Emu deposit includes holes EMRC039 to EMRC071, for 3020m. All significant assayed results are listed in detail in Table 1. The mineralised zone at Emu continues to be characterised by broad, consistently graded zones such as 20m @ 3.4 g/t Au1 and 14m @ 2.9 g/t Au2 . Mineralisation appears to be concentrated along the sheared margin of a felsic quartz porphyry intrusion where it contacts a black shale interbedded with mafic volcanics. Crosssections (Figure 3-3) reveal that mineralisation remains open at depth throughout the southern half of the Emu deposit. This is consistent with findings for elsewhere at Emu, and also at Southwark. At Southwark, mineralisation appears to be widening with depth, whilst maintaining medium to high grade gold values (Figure 6 and as previously announced3 ). A number of Alt’s holes at Southwark were ended in mineralisation. The Company has recently completed several diamond tails extending the most significant of these holes at Southwark. Core from these holes is being cut for despatch to ALS in Kalgoorlie. This deeper, broader zone will be subject to continued drilling, both RC and diamond, as the project develops. In addition to drilling activities, Alt staff have digitised and validated the extensive historical drilling data for the Bottle Creek Project. Figure 1 shows the historical drilling across the entire strike length of the project and the recent drilling undertaken by the Company (shown in red). These are overlaid on historical airborne magnetic imagery at Bottle Creek with an inset showing the detail of drilling and structural complexity (evident in the magnetic imagery) at Emu and Southwark. | |
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