Drilling Commences at Bottle Creek Gold Project, WA Camp Construction Completed on Budget
- Camp construction and installation of all facilities at the Bottle Creek Gold Project completed on budget in 14 days
- 10,000m drilling programme commenced on schedule Monday 12th March
- First assays to be delivered to ALS laboratories in Kalgoorlie with initial results anticipated end March 2018
Alt CEO James Anderson commented, "It has been an outstanding effort by the Alt staff putting this camp together in such a short time frame. Bottle Creek is quite a remote location to manage an extended drill programme and the camp now gives us the capacity to run operations not only for Bottle Creek but for the newly acquired Mt Ida and Quinns projects. We consider Bottle Creek to be an emerging development project and the camp is now a key asset for the Company as it moves into the next stage of resource drilling."
Alt executed a binding Option to Purchase Agreement for the Bottle Creek Gold Mine on 3rd November, 2017 (see Note below). Drilling is scheduled to commence imminently to validate historical drilling results and progressively bring the Bottle Creek resource into current JORC compliance. The Company will undertake a minimum of 8,000m of reverse circulation (RC) drilling, with a focus on the un-mined Emu, Southwark and XXXX deposits, located north of the VB and Boags pits (see figures 1 and 2 in link below). Exploration drilling will also include extensions to high grade shoots below the mined pits with the view towards future resource development.
The Strike Drilling team has commenced at the first drill holes on the Emu ore body, with first assays expected to be delivered to the Kalgoorlie assay laboratories by 18th March. The initial stage of the 10,000 metre RC drill programme planned at Bottle Creek is already ahead of schedule and camp construction has been delivered on budget.
Note: See ARS announcement, 8th November, 2017: http://abnnewswire.net/lnk/QCE95126
To view figures, please visit:
About Alt Resources Ltd
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, 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.
Alt Resources Ltd