Paupong Project

Prospects

The Company’s Paupong Project is a major new Intrusion-Related (IRG) system discovery in the south eastern Lachlan Orogen of NSW. The intercepts of high grade Au-Cu-Ag-Pb and Zn shown in drilling results provides continuing evidence for a large polymetallic IRG style mineralisation.

The Paupong prospects lies within a N-NE trending belt of Ordovician Adaminaby Group sediments. The area has been subject to numerous orogenic and magmatic events, with crustal scale fault systems locally telescoping the emplacement of numerous (up to 15) porphyritic Intrusions.

Mineralisation occurs in prospect areas covering 60 square kilometres of exploration ground including  Kidman, Toms Vein, Telegraph and Windy Hill, Dons Hill and the newly discovered Lone Ranger . The Company has undertaken drilling in 2015,  2016 and 2017 with high grade intercepts from deeper diamond drilling for Au, Cu, Ag, Pb and Zn up to;

2.90g/t Au, 3.9% Cu, 184g/t Ag, 4.09% Pb and 1.03% Zn 

The Company has defined a strong pipeline of substantial exploration targets which it will test in 2018. Exploration at the Paupong IRG system discovery has been strongly supported by the NSW Geological Survey, ANU university and the Federal Government through various grants, studies and research and development incentives.

Geophysics

The Company recently undertaken a complete review of the geophysics producing new deeper drilling targets in preparation for upcoming diamond drilling in 2018.

Paupong is large scale project covering in excess of 60 square kilometres of exploration ground. The IRG system at Paupong is a complex mineral system with multiple drilling targets. The Company will continue working at Paupong refining the drilling targets and implementing further large scale soil geochemical grids.

Results

Recent deep diamond drilling at the Paupong project has confirmed the presence of a major IRG system of quartz-sulphide hydrothermal veins, and the primary vein geochemistry is consistent with an intrusive source for the mineralising fluids.

The large size of the vein system defined to date and its spatial association with multiple high level intrusions opens the possibility for discovery of economic intrusion related porphyry style gold, copper and silver mineralisation. The 2015-17 drilling success demonstrates that mineralisation is open along strike and at depth, with significant exploration potential.

 

Planned Exploration

The Company has been a recipient under the NSW Government New Frontiers Drilling Initiative in 2015 and 2016 and has received the maximum $200,000 grant.  

Planned exploration in 2018 will include further IP and large scale soil grids with a 2 hole diamond drill program later in 201

Address
ALT Resources Limited

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