- A 1,583 m, 4 hole diamond drilling program at Paupong, NSW has been completed at the Windy Hill prospect, as part of the NSW Government New Frontiers Drilling Initiative
o Assay results have been returned for the first two holes, with no significant results
o Sampling and assaying of the remaining holes is ongoing
- PDD018 intersected a 235m width of 10% + pyrite-mineralised breccia and diorite
o Preliminary rush sampling of this hole revealed no significant base or precious metals
- Dipole-dipole IP survey completed at Lone Ranger, identified coincident chargeable and resistive anomalies which may represent quartz vein-hosted sulphides
- A Programme of Works has been submitted to the Department of Mines and Petroleum, WA for approval of a 200 RC hole resource and exploration drilling program at Mt Roberts-Cottee
o RC drilling is scheduled to take place in June 2017.
Base and precious metals explorer Alt Resources Ltd (ASX:ARS) ("Alt or the Company") has focussed on drilling activities at its New South Wales Paupong Project during the Quarter (Figure 3, see link below). A 1,583 m diamond drilling program was completed at the Windy Hill prospect, Paupong. This program tested magnetic, IP, geochemical and geological targets. Logging of the holes has identified significant zones of sulphide mineralisation including a 235m downhole intercept of 10%+ pyrite mineralised diatreme breccia and diorite (Figures 1 and 2, see link below). Preliminary assays have returned no significant base or precious metals, however sampling and assaying is ongoing and the Company is committed to taking a whole-of-system approach to understanding the metallogeny of the Paupong area.
During the coming winter months, Alt plans to focus on resource and exploration drilling at the Mt Roberts-Cottee project in WA. To facilitate this, a Programme of Works (POW) has been submitted to the West Australian Department of Mines and Petroleum for approval of 200 RC holes. Drilling is scheduled to take place in June 2017.
The Company also 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.
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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.
Alt Resources Ltd