Alt Resources (ASX:ARS) (Alt, or the Company) is pleased to inform shareholders that it has submitted a Program of Works (POW) Application for approval by the WA Department of Mines and Petroleum (DMP) for planned resource drilling at the Bottle Creek Gold Project near Menzies, WA (see Figure 1 in link below).

Key Points

- 8,000m RC resource drilling planned for the Emu Deposit, Bottle Creek

- Plan of Works application submitted to the WA Govt

- Program scheduled to commence in March 2018

- Program to undertake approximately 91 resource drillholes

- Validation of historical drillholes to be undertaken

- Resource modelling will commence on completion of the resource drilling program

The Company will undertake a minimum of 8,000m of reverse circulation (RC) drilling at the previously un-mined Emu deposit to validate historical intercepts, increase confidence in historical data and expand the known zones of mineralisation immediately along strike. Grades up to 34.2 g/t Au were reported from historical drilling (see Note 1 below), alongside broad, consistent intercepts such as 38m @ 3.6 g/t Au. Reported intercepts are shallow, hosted within an ~80m deep lateritic zone.

Drilling is scheduled to commence in March 2018, and will be phased to progressively bring the Bottle Creek resource into JORC compliance, beginning with the Emu deposit. The second phase of activity will include close-spaced resource drilling at the Southwark deposit (POW currently in preparation), 3km north of the VB pit (see Figure 2 in link below).

Alt entered into a legally binding Option to Purchase Agreement in November 2017 to acquire 100% of the Bottle Creek Gold Mine (see Note 2 below).

Notes:

1 See ARS Announcement, 22nd November, 2017; http://abnnewswire.net/lnk/D5NQHG4E

2 See ARS Announcement, 8th November, 2017; http://abnnewswire.net/lnk/QCE95126

To view figures, please visit:
http://abnnewswire.net/lnk/1S9FEB10


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 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



Link: POW Submitted for Resource Drilling at Bottle Creek


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