During this period, the Company has delivered a third resource upgrade at the Bottle Creek and Mt Ida Gold Projects and completed metallurgical testing of the Bottle Creek Emu and Southwark ore zones.
Additionally, the Company has focussed on the Mt Ida and Quinn's Mining Centre assets undertaking comprehensive data review of the Mt Ida soil geochemistry, drill hole database and magnetics identifying several underexplored historical areas and additionally newly defined exploration targets.
Alt's geological team have confirmed the Shepherd's Bush prospect and several areas in the Quinn's Mining Centre as immediate exploration targets. Plan of Work (POW) applications have been lodged and approved with drilling scheduled to commence in Q2 2019.
The Mt Ida Gold Project is rapidly evolving into a promising gold hub, with multiple exploration and mining targets throughout the vicinity.
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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 in South Central WA 95km north west of Menzies, 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.
CEO Alt Resources Ltd
Australian and International Investor Relations