Alt Resources Limited (ASX listed ARS) is an Australian based mineral exploration company. The Company is currently exploring the Paupong IRG mineral system located in the south-east Lachlan Orogen in New South Wales, the Myalla polymetallic Au-Ag-Cu deposit and the newly acquired Fiery Creek Au-Cu project.
The Company owns 70% interest in the Paupong Intrusion Related Gold (IRG) system and the Myalla project located in the south-east Lachlan Orogen NSW. The Company recently acquired an initial 51% interest in the Fiery Creek gold project under JV terms from Ironbark Zinc Limited with the project located approximately 60 kilometres north east of the Paupong Project in NSW.
The Company is pleased to advise that it has entered into a binding JV with Ironbark Zinc to acquire up to an 80% interest in the Fiery Creek Au-Cu project located near Numeralla in southern NSW along with the flagship Paupong Project near Dalgety in southern NSW.
New deep drilling targets have been defined at Paupong after interpreting the results of recent airborne and ground geophysical and geochemical surveys undertaken at the Paupong Project. The surveys have advanced the Company’s exploration targeting at Paupong and are extremely encouraging, as the new targets were not evident in regional government data. Combined with the results of aggressive IP and soil survey programs coupled with recent new high grade diamond drilling results, the Company has now defined a strong pipeline of substantial exploration targets at Paupong with planned new drilling to commence in November 2016.