Quarterly Activities Report March 2018
Quarterly Activities Report March 2018

Canberra, April 30, 2018 AEST (ABN Newswire) - Alt Resources Ltd (googlechartASX:ARS) provides the Company's Quarterly Activities Report for the period ending 31st March, 2018.

OVERVIEW

Alt Resources' recent acquisitions of the Bottle Creek Gold Project and neighbouring Mt Ida projects in Western Australia are part of the Company's strategy to make new discoveries and expand existing resources using modern exploration techniques.

Alt commenced reverse circulation (RC) drilling at Bottle Creek during the quarter as part of fast-tracking a pre-feasibility study for the project. Alt is aiming to establish a central gold production hub at Bottle Creek, where it could process ore from multiple open-pit operations at Bottle Creek, Mt Ida South and Quinns.

Alt also continued exploration of its Myalla and Paupong projects in NSW.

Key Points:

Bottle Creek, WA

- 8,000m of RC drilling completed at Bottle Creek

- First modern exploration at the project since 1988

- Results from Emu deposit included

-

o 23m @ 4.0 g/t Au from 31m including 1m @ 10.2 g/t Au, 55 g/t Ag from 71m

o 26m @ 2.3 g/t Au from 33m including 7m @ 7.1 g/t Au from 45m including 1m
@ 21.8 g/t Au from 48m

o 22m @ 6.3 g/t Au from 52m including 5m @ 10.6 g/t Au from 60m

o 29m @ 4.0 g/t Au from 39m including 5m @ 7.2 g/t Au from 60m

o 6m @ 19.3 g/t Au, including 2m @ 51.7 g/t Au

o 27m @ 5.6 g/t Au, including 3m @ 10.5 g/t Au and 1m @ 15.2 g/t Au

o 7m @ 9.9 g/t Au (EOH), including 1m @ 23.8 g/t Au

- Assays pending for drilling at Southwark

- RC drilling at Emu to continue until end of April

- Diamond drilling to commence in May

- Strategy for development of Bottle Creek as a mining hub for the Mt Ida gold belt

- Alt is fast-tracking a PFS for Bottle Creek

Mt Ida Projects, WA

- Acquisition of Mt Ida South, Quinns and Mt Ida JV projects nearing completion

- Combined existing JORC resource estimate of 1.23 Mt @ 2.46 g/t Au, for 97,037 oz Au

- Review underway to generate new targets for exploration across these projects

Myalla Project, NSW

- Six holes completed targeting mineralisation beneath historical workings and confirmation of previous exploration

- Results included

o 3m @ 2.1 g/t Au, 3.7 g/t Ag and 174 g/t Bi from 17m and

o 2m @ 2.7 g/t Au, 11.8 g/t Ag, 300 g/t Bi and 0.48% Cu from 62m

o 1m @ 5.4 g/t Au, 55.6 g/t Ag and 212 g/t Bi from 40m

- Results confirmed the system as polymetallic and similar to the Paupong system nearby

- Diamond drilling is planned for late in 2018

To view the full report, please visit:
http://abnnewswire.net/lnk/05J9U1QR


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.

abnnewswire.com 


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



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