Diamond Drilling Program DDH1 Drilling will be undertaking two diamond drilling programs at Mt Ida. The Company will be completing four geotechnical holes at Tim’s Find. These holes at Tim’s Find relate to pit design and permitting approvals. Additionally, two deep exploration holes are to be drilled at Bottle Creek, as part of the WA Governments EIS Funding grant, which Alt was a recipient in 2018. In 2018 the Company drilled diamond hole EMDD001 at Bottle Creek (Figure 3), which ended in mineralisation at 307m with results announced to the market in August 2018. Reanalysis suggests this hole may have ended in a potential feeder zone for the Bottle Creek resource mineralisation, with up to 10% disseminated sulphides including pyrite, arsenopyrite, sphalerite, galena and chalcopyrite, abundant quartz stockwork and intense structural deformation. The last 12 metres of the hole are mineralised with peak values of 0.63g/t Au and 17.3g/t Ag. As part of the EIS funding Alt will extend this drill hole from 307 metre depth down to ~600 metres and drill an additional 600m diamond hole testing ore shoot potential at Bottle Creek. The EIS funding grant provides 50% of the cost per metre drilled as being met by the Government.
Alt Resources Limited( ASX:ARS ) is an Australian based mineral exploration company that aims to become a gold producer by exploiting historical and new gold prospects across quality assets and to build value for shareholders. The Company’s portfolio of assets includes the newly acquired Bottle Creek gold mine located in the Mt Ida gold belt in South Central WA 95km north west of Menzies, the Paupong IRG Au-Cu-Ag mineral system in the Lachlan Orogen NSW, Myalla polymetallic Au-Cu-Zn project east of Dalgety in NSW and the Mt Roberts gold project located near the town of Leinster in WA.
Alt Resources, having acquired historical and under-explored tenements in the Mt Ida Gold Belt, aims to consolidate the historical resources, mines and new gold targets identified within the region. Potential at Mt Ida exists for a centralised production facility to service multiple mines and to grow the Mt Ida Gold Belt project to be a sustainable and profitable mining operation.
Contect us: https://arsprojecta.com