Pursuant to the binding Terms Sheet with ASX listed Montezuma Mining Limited (ASX:MZM), Alt Resources (ASX:ARS) is pleased to advise that it has completed the acquisition of E36/843 and paid Montezuma a cash payment of $4,465.00. Furthermore, 1.25M ARS shares were issued to Montezuma at an issue price of $0.04 cents.
Alt Resources Ltd
Alt Resources Limited (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.
Continuing research and exploration activities by Alt Resources Ltd (ASX:ARS) at the Paupong Project near Jindabyne in southern NSW, support the existence of a cluster of intrusion-related mineralisation systems across a large, 4+ km area within the Company's tenure. Furthermore, ongoing research has enabled a whole system view to be developed for the entire Paupong Project for the first time.
Alt Resources Ltd (ASX:ARS) is pleased to announce it has entered into a binding agreement with ASX listed Montezuma Mining Limited (ASX:MZM) to acquire E 36/843.
Alt Resources Ltd (ASX:ARS) has been successful in its application for DMP approval for the planned resource and exploration drilling programs at the Mt Roberts Gold project near Leinster, WA. The next phase of activity will include a close-spaced resource drilling program at the Mt Roberts Workings, as well as testing satellite exploration targets elsewhere within the tenements.
Alt Resources Ltd (ASX:ARS) Exploration Update Paupong IRG Project
Alt Resources Ltd (ASX:ARS) Applies for New Licence Areas at the Highly Prospective Norseman-Lake Cowan Project
Alt Resources Ltd (ASX:ARS) is pleased to announce the Norseman-Lake Cowan Project as a new acquisition to the Company's portfolio of assets.
Alt Resources Ltd (ASX:ARS) is pleased to provide the Company's latest Quarterly Activities Report for the period ending 31 March 2017.
Alt Resources (ASX:ARS) is pleased to announce that it has received a $512,000 tax incentive payment from the Federal Government, for Research and Development activities at its flagship Paupong Project in southern New South Wales.
Alt Resources Ltd (ASX:ARS) Exploration Update and Corporate Strategy for the Mt Roberts Gold Project
Alt Resources Ltd (ASX:ARS) is pleased to provide the following exploration update and Corporate Strategy for the Mt Roberts gold project near Leinster, WA. A new program of exploration activity has commenced at the project, with detailed geological mapping and new target generation completed in March 2017.
Alt Resources Ltd (ASX:ARS) Exploration Update Paupong - Diamond Drilling at Windy Hill Prospect Completed
Alt Resources Ltd (ASX:ARS) is pleased to provide the following exploration update for the Paupong Project, southern NSW. Diamond drilling at the Windy Hill prospect was completed on the 28th March, 2017. The drilling program tested greenfields intrusion-related gold targets, newly defined by Alt Resources in May 20161.