Myalla Project

Prospects

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). 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.

Historical drilling intercepts from previous exploration undertaken in 1983 include:

  • SGDH8   12m @ 1.2g/t Au from 39m including
  • 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

The Company has received drill permitting from the NSW Government and will commence first pass RC drilling at Myalla and look forward to testing this exciting massive sulphide prospect towards the end of July 2017

Geophysics

Myalla Rock Lodge shows potential 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. The Company has completed a dipole-dipole IP survey over the know VMS intercept at the Rock Lodge prospect at the Myalla tenement with results shown below.

Myalla IP chargeability plan view at RL 880-the plan view is 100 metres from surface taken from the 3D model. The Company has planned drilling based on previous locations of drill holes, geochemistry and using the newly acquired dipole-dipole IP section to target the VMS intercept. IP section for planned drill holes at the Myalla Rock Lodge prospect- the section is cut through the line of drill holes represented in the plan view above. The depth penetration of the IP survey is 160 metres.

Planned Exploration

The RC drilling program will be over 10 holes and 1400m. Hole depths are between 50m and 150m, and will target massive sulphides identified from previous drilling data sets.

The Company interprets the exploration target at Rock Lodge to be a structurally hosted and controlled gold rich massive sulphide vein system, possibly related to the Buckleys Lake Monzogranite which outcrops about 5 km south west of the tenement area.
The plan  is to re-drill the massive sulphide intercepts from DDH 2 and 9 to establish the true grades and widths of mineralization, followed by down-hole EM surveys to map the sulphide bodies and generate additional drill targets, with the follow diamond drilling after EM surveys.
Address
ALT Resources Limited

PO Box 1054
Jindabyne NSW 2627
Phone: 1300 66 0001
Email: info@altresources.com.au