Tax Incentive Payment and Mt Roberts Drill Plan
Tax Incentive Payment and Mt Roberts Drill Plan

Canberra, April 20, 2017 AEST (ABN Newswire) - Alt Resources (googlechartASX: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. The incentive was awarded for innovations and advancement of geological knowledge in this under-explored and poorly understood geological province. The funds will be used to further exploration in the Paupong area, as well as support exploration activities at the Company's Mt Roberts gold project in Western Australia.

Key Points

- The Company has received a $512,000 R&D tax incentive payment from the Federal Government

- Drill planning for Mt Roberts is progressing

o A Programme of Works (POW) has been lodged ahead of planned drilling

A 7,000m resource drilling program has been planned over the Mt Roberts Workings, where the Company intersected high grade gold up to 67.4 g/t Au in November 2016. This included:

- MRRC0003: 3m @ 28 g/t Au, including 1m @ 67.4 g/t Au
- MRRC0008: 1m @ 20.3 g/t Au
- MRRC0009: 1m @ 24.4 g/t Au, and
4m @ 7.96 g/t Au, including 2m @ 13.75 g/t Au

An additional 3,000m of exploration drilling has been planned to test satellite targets at the Mt Roberts Project, including the Rum Punch prospect and Kathleen and Screen Workings. A Programme of Works (POW) has been lodged with the Department of Mines and Petroleum, WA, to gain approval for this activity. The drill program is planned to commence in June 2017.


About Aurenne Alt Resources Pty Ltd

Aurenne Alt Resources Pty Ltd 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.

abnnewswire.com 


Contact

Andrew Sparke
Executive Director
Email: andrew@altresources.com.au

Peter Nesveda
Investor Relations and Corporate Affairs
Mob: +61 (0) 412 357375
Email: peter@intuitiveaustralia.com.au



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