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Alt Resources Ltd.
Summary
| Project: | Paupong | |
|---|---|---|
| Deposit: | Windy Hill | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc-Bismuth-Tellurium | |
| Date: | 5/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-5-2017: Alt Resources Ltd. announces an Exploration/Drilling Update report for its Windy Hill deposit at the Paupong project. Drilling results incl. 2.8m @ 65.57g/t Ag, 1.39% Pb, 0.43% Zn, 181.57g/t Bi from 242m. Alt Resources (ASX: ARS) is pleased to a | |
| Resources: | x | |
| CP/QP: | [Overall Report]: H. Degeling (Internal) | |
| ABSTRACT: | Alt Resources (ASX: ARS) is pleased to announce results from preliminary spot sampling from Windy Hill drillhole PDD017, which returned polymetallic mineralisation, with up to 184 g/t Ag, 4.09 % Pb, 1.04 % Zn and 478 g/t Bi and 1.16 g/t Au. These results strongly support the Company’s Intrusion-Related Gold model for the Windy Hill and broader Paupong area. A 4 hole, 1,583m diamond drilling program was recently completed at Windy Hill on the 28th March 2017, having been co-funded by the NSW Government New Frontiers Cooperative Drilling Funding Initiative. PDD017 was the third hole of this program, and targeted a shallow paired magnetic and IP anomaly (Figure 1 and Figure 2). Mineralisation in PDD017 is found within structurally-controlled quartz-sulphide veins (i.e. hosted in faults or shear zones; Figure 3), with visible galena (PbS) and sphalerite (ZnS) in the lead + zinc rich zone from 242m downhole. Significant intercepts are given in Table 1. Minimal spot sampling of drill hole PDD017 has been undertaken (31 samples for 30.8m from a total of 329.3m drilled) with core cutting ongoing. The Company is re-examining the drillcore based on these results and additional sampling of potential mineralised zones will be carried out. PDD015 and PDD016 returned no significant results as announced in the Company Quarterly Activities Report1 . Processing of PDD018 is ongoing. | |
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