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Alt Resources Ltd.
Summary
| Project: | Paupong | |
|---|---|---|
| Deposit: | Windy Hill | |
| Location: | Australia | |
| Commodities: | Copper-Silver-Gold-Lead-Bismuth | |
| Date: | 7/4/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-7-2016: Alt Resources Ltd. announces an Exploration/Drilling Update report for its Windy Hill deposit at the Paupong project. Drilling results incl. 0.3m @ 0.38g/t Au, 83.6g/t Ag, 3.77% Cu, 0.17% Pb, 3140ppm Bi from 89.7m. NSW-focused base and precious | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr. Helen Degeling (Internal) | |
| ABSTRACT: | NSW-focused base and precious metals explorer Alt Resources Ltd (ASX: ARS; “Alt or the Company”) is currently undertaking diamond drilling at its flagship Paupong Project near Jindabyne in southern NSW. Two first pass diamond holes have been completed at the newly discovered Windy Hill prospect, 3.5 km north-east of Kidman prospect area (Figure 1). The first two drill holes at Windy Hill targeted an outcropping quartz-sulphide vein on the northern margin of the mineralised system, and a distinct IP anomaly south of this zone (Figure 2). This vein shows high grade polymetallic results in rock chips at surface, with up to 2.4 g/t Au, 128 g/t Ag, 0.26% Cu, 2.12 % Pb and 0.26 % Bi (Table 1, Figure 2, Figure 3). Drillhole PDD008 targeted strong surface geochemical signature, an IP response and surface expression intersecting the vein at ~90m downhole. This narrow vein shows strong polymetallic mineralisation with semi-massive pyrite + chalcopyrite + galena in quartz. A strong sericite and clay alteration halo is present in sandstone host rocks surrounding the mineralised zone. Assay results gave 0.3m @ 3.8 % Cu, 83.6 g/t Ag 0.3% Bi, 0.4 g/t Au and 0.17% Pb. | |
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