Alt Resources Limited (ASX: ARS) “Alt” is an Australian based mineral exploration company. The Company’s portfolio of assets includes the newly acquired Bottle Creek gold mine located in the Mt Ida gold belt, the Paupong IRG Au-Cu-Ag mineral system in theLachlan Orogen NSW, Myalla polymetallic Au-Cu-Zn project east of Dalgety in NSW and the Mt Roberts gold project located near the town of Leinster in WA.
The Company owns a 70% interest in the Paupong and Myalla projects located NSW. Alt has acquired 51% interest in the Mt Roberts gold project with capacity to earn 80%Mt Roberts is approximately 15km north of the Ramelius Vivien gold deposit in WA.
WITH the Australian dollar gold price nudging $1,700 per ounce, a thriving market has emerged in used gold mines promising quick and easy cashflow.Read More
Drilling will commence at the newly acquired Bottle Creek gold mine in March 2018 with the Company providing an initial resource estimate based on historical drilling.
The Company will undertake a minimum of 8000m of RC drilling validation the historical drilling along with drilling newly defined targets.
The Company has defined a strong pipeline of significant exploration targets at Paupong with approved drilling ongoing to 2018 and the Myalla project is scheduled to commence drilling late in 2017.
The Company recently completed 1500 metres RC drilling on new prospect targets at the Mt Roberts gold project and will undertake resource and further exploration drilling at the project in 2018.