Fiery Creek Project

The Fiery Creek Project is located 90km south-east of Canberra in New South Wales, on exploration licence EL 6925. The Project also lies 5km north-west of the historic Cowarra Gold Mine, which produced 85,000oz Au and has an existing JORC compliant Mineral Resource.

The Fiery Creek area was worked between 1887 and 1908 with an estimated ore grade in the range 10-15 dwt. Au (15.5 – 23.25 g/t Au) from historical reports. No confirmed tonnage has been published from historical operations.  Considering the number and extent of historical workings, the Fiery Creek Prospect has been underexplored using modern techniques. The most recent exploration was carried out by Horizon Resources NL, which completed soil surveys, rock chip sampling, an IP survey, RAB and diamond drilling in the late 1980’s. Horizon drilled nine diamond holes in the Fiery Creek workings in 1988. The holes targeted IP anomalies rather than mineralisation directly beneath the workings.

Results included: • FC1: 1.09m @ 3.6g/t Au from 30.56m, • FC6: 2.00m @ 1.7g/t Au from 35.70m • FC9: 0.50m @ 2.4g/t Au from 41.20m. Horizon completed a 140 hole RAB program in the Macanally and Fiery Creek areas. The RAB holes were 17-21m deep and returned the following significant results: • FCR039: 3.0m @ 6.7g/t Au from 6.0m o including 1.0m @ 16.25g/t Au from 6.0m – FCR095: 4.0m @ 4.0g/t Au from 16.0m – FCR125: 1.0m @ 7.2g/t Au from 9.0m.

Ironbark Zinc’s exploration was focused on the Peakview base metal prospect, however Ironbark collected 54 Rock chip and mullock heap samples were collected from both the Fiery Creek and Macanally workings, including from mullock heaps and shaft walls. Outstanding, high grade results included 253g/t, 94.8 g/t and 53.4 g/t Au, and 15.25%, 14.9% and 7.6% Cu (see Ironbark Zinc announcement 1st May, 2013).

Address
ALT Resources Limited

PO Box 787
Jindabyne NSW 2627
Phone: 1300 66 00 01
Fax: 02 6451 4611
Email: info@altresources.com.au