Alt Resources Ltd (
Key Points:
- 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.
OVERVIEW
Base and precious metals explorer Alt Resources Ltd (
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 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.
Contact
Andrew SparkeExecutive 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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