Alt Resources Ltd.: Quarterly Activities Report 30 September 2017
31.10.2017 | ABN Newswire
Canberra - Alt Resources Ltd. (ASX:ARS) provides the Company's Quarterly Activities Report for the period ending 30th September, 2017.Key Points:
- 1,490m greenfields RC drilling program completed at Mt Roberts Gold Project
- 51% earn in completed at Mt Roberts Project
- Re-modelling and interpretation of regional magnetic data defines crustal-scale shear zones and associated splays through the Mt Roberts project area
- Negotiations for native title agreement with Tjiwarl people progressing for the expanded Mt Roberts project area
- The Company has received a $546,000 R&D tax incentive payment from the Federal Government
- Application submitted for WA Government Co-funded drilling program under the Exploration Incentive Scheme for deep diamond drilling at Mt Roberts
OVERVIEW
A 1,490m RC drilling program has been completed at the Company's Mt Roberts project, in WA. Drilling was conducted on greenfields targets and was carried out to satisfy the terms of the Joint Venture agreement with Mount Roberts Mining Pty Ltd for Alt to earn 51% of the project. Results from this program will be announced this week.
New target generation work was also carried out during the Quarter at the Mount Roberts Gold Project. Re-processing and interpretation of detailed historical magnetic data revealed a district-scale sequence of major parallel crustal-scale shear zones, with internal secondary mineralised splays. Regional prospectivity analysis incorporating the new structural modelling showed key target areas associated with secondary shear zone junctions, highlighted by regional historical soil sampling and more modern exploration work by Alt Resources.
Alt received a $546,000 tax incentive payment from the Federal Government, for Research and Development activities at the Paupong Project in southern New South Wales. The incentive was awarded for innovations and advancement of geological knowledge in this under-explored and poorly understood geological province.
To view the full report, please visit:
http://abnnewswire.net/lnk/442700R2
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.
Source: Alt Resources Ltd.
Contact:
Alt Resources Ltd.
T: 1300-66-00-01 M: +61-406-069-243
E: info@altresources.com.au
www.altresources.com.au