The acquisition, under an option to purchase, was mined in the 1980s and extensive drilling took place to define the gold resources. According to CEO James Anderson, a drilling program is scheduled to begin as soon as possible to validate the historical data to JORC compliance.
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About Alt Resources Ltd
Alt Resources Limited (ASX:ARS) is an ASX-listed resources company currently focussed on exploration and development of its Western Australian and NSW based precious and base metals projects including the Bottle Creek Gold Mine, the Mt Roberts gold project, the Paupong IRG mineral system and the Myalla massive sulphide project. Alt is strategically expanding its portfolio of assets in Australia with a mandate to become a gold producer generating increased shareholder value.
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Alt Resources Ltd (ASX:ARS) Completes First Payment to Latitude Consolidated Limited for Mount Ida and Quinns Mining Centre Tenement Assets
Alt Resources Ltd (ASX:ARS) Acquisition of Mt Ida and Quinns Projects from Latitude Consolidated Limited (ASX:LCD)