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Alt Resources Ltd.
Summary
| Project: | Mt Ida | |
|---|---|---|
| Deposit: | Tims Find | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-7-2019: Alt Resources Ltd. announces an Exploration/Drilling Update report for its Tims Find deposit at the Mt Ida project. Drilling results incl. 2m @ 32.93g/t Au from 26m. Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to provide an ex | |
| 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 73 RC drillholes at the Tim’s Find project area. The Company has recently completed approximately ~3000 metres of RC drilling at Tim’s Find project area, announcing the initial results for the first 20 RC holes from the area on 3rd July 20191 . Positive gold results have now been received from 63 of the 73 holes drilled at Tim’s Find with all significant results from drillholes displayed in Table 1 below. The current RC drill program has confirmed grade and continuity of the gold mineralisation at Tim’s Find deposit and the mining potential of the project area. The Company has undertaken additional drilling down strike to the south outside the current resource model generating encouraging results such as holes on sections AA - BB below. While sections CC - DD shows mineralisation in the central Tim’s Find model area (Figures 2 – 5).Section locations are shown on Figure 6 in plan view. Alt CEO James Anderson commented “ Again the Company workers have delivered some very positive outcomes with this Mt Ida drilling program. We have drilled in four of the Mt Ida South and Quinns project areas with the emphasis being on the Tim’s Find project area where we will be focussing on the development potential for this shallow deposit. The Tim’s results support a small scale open pit toll treatment scenario and the Company will now consider options and costings to move Tim’s Find into production and generate a cash flow for the business”. | |
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