The Myalla Prospect (EL 8164) lies 15 kilometres to the north east of Dalgety in NSW and is 30 kilometres from the Paupong Project covering 54 square kilometres.
Drilling in two holes by previous explorers intersected ~25m below surface a zone of a sulphide veining, massive sulphides and stinger zones; 3 contiguous samples together assayed 1.2 g/t Au over ~6m true thickness (12 m apparent thickness).
- SGDH8 12m @ 1.2g/t Au from 39m incl 2.7m @ 4.3g/t Au, 35g/t Ag and .73% Cu from 42m;
- SGDH 3 7.4m @ 1.10g/t Au from 9m in oxidised zone; and,
- SGDH 2 1m 13.5% Zn, 0.44% Pb, 0.17g/t Au and 6.6g/t Ag, from 74m
Grab sampling by previous explorers of the veins from outcrops has gold assays ranging from less than detection up to 11.1 g/t Au. Veins are also variably anomalous in arsenic, lead, zinc and barium. At Myalla, the strongly folded and weakly metamorphosed Ordovician Adaminaby group shales/siltstones and Gungoandra Siltstones have been mineralised by preferentially oriented epigenetic sulphide and quartz-sulphide veins (pyrite, arsenopyrite, chalcopyrite and galena, +/- gold). The more graphitic shales also exhibit syngenetic sulphide (pyrite, +/- chalcopyrite) mineralisation.
The Alt Resources Ltd intent at Myalla is to investigate the possibility of gold-base metal bearing massive sulphide mineralisation at depth, initially focused on the geophysical IP anomalies, one of which was incompletely tested by previous explorers.