Alt Resources Ltd: December 2016 Activities Report
25.01.2017 | ABN Newswire
Canberra, - Alt Resources Ltd. (ASX:ARS) is pleased to provide the Company's Quarterly report for the period ending 31st December 2016.Highlights:
- A 2,088m RC drilling program at Mount Roberts, WA, revealed high grade gold mineralisation, up to 67.4 g/t Au
- Significant intercepts from Mount Roberts include:
o MRRC0003: 3m @ 28 g/t Au, including 1m @ 67.4 g/t Au
o MRRC0008: 1m @ 20.3 g/t Au
o MRRC0009: 1m @ 24.4 g/t Au, and 4m @ 7.96 g/t Au, including 2m @ 13.75 g/t Au
- Results confirm high grade mineralisation beneath Mt Roberts workings
- First drilling results from an extensive gold soil anomaly south of Mount Roberts highlight a significant, newly identified mineralised structure, named Rum Punch
- Significant intercepts from Rum Punch include:
o MRRC0014: 1m @ 1.20 g/t Au 1m @ 3.57 g/t Au
o MRRC0015: 1m @ 0.97 g/t Au
o MRRC0021: 1m @ 0.99 g/t Au
o MRRC0032: 7m @ 1.66 g/t Au
- Diamond drilling commenced at Windy Hill, Paupong, NSW, testing combined magnetic, IP, geochemical and geological Intrusion-Related Gold targets
OVERVIEW
Australian-focussed base and precious metals explorer Alt Resources Ltd. (ASX:ARS) ("Alt or the Company") focussed on drilling activities at its Western Australian and New South Wales projects during the Quarter (see Figure 1 in the link below). A 2,088m RC drilling program was completed at the Mount Roberts-Cottee Project near Leinster. This program aimed to confirm historical drilling results and target extensions to known mineralisation beneath a series of oxide workings. High grade gold results were returned from this drilling program, including 1m @ 67.4 g/t from 19m in drillhole MRRC0003. An un-drill tested gold-in-soil anomaly south of Mount Roberts also returned encouraging results, confirming the existence of a significant new mineralised system in the south of the area.
Diamond drilling has also re-commenced at the Company's flagship Paupong Project in southern NSW. A minimum of 7 holes, for 2,000m, are planned across the Windy Hill area which the Company has defined as a significant Intrusion-Related Gold (IRG) target through comprehensive geophysical, geochemical and geological investigation1. One hole has been completed thus far, and assay results are pending.
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http://abnnewswire.net/lnk/6E9ELT90
About Alt Resources Ltd:
Alt Resources Ltd. (ASX:ARS) is an Australian based mineral exploration company exploring the newly discovered Paupong IRG mineral system located in the south-east Lachlan Orogen in New South Wales. Alt retains a 70% interest in the Paupong and Myalla Projects with JV partner GFM Exploration Pty Ltd.
Contact:
Alt Resources Ltd.
T: 1300-66-00-01 M: +61-406-069-243
E: info@altresources.com.au
www.altresources.com.au