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- Alt Resources (ARS) has started drilling at a number of sites across the Mt Ida and Bottle Creek projects in WA’s northern Goldfields
- Alt Resources aims to exploit both historical and new gold prospects – with the potential to make many new discoveries
- Targets have been generated by an in-depth review of all available historical data, including geochemical analysis and stratigraphy
- Drilling commenced last Friday – the company electing to fast track exploration with Challenge Drilling mobilising a reverse circulation rig
- Alt Resources shares are down 8.33 per cent today, sitting at 2.2 cents per share
Alt Resources (ARS) has started drilling at multiple prospects and targets across the Mt Ida and Bottle Creek projects in WA’s northern Goldfields.
The Company will be drilling several deposits and new prospect areas during this current program, including the Single Fin prospect, the Shepherds Bush deposit and the newly acquired White Eagle prospect.
Alt Resources aims to exploit both historical and new gold prospects – so the drilling is being undertaken at a range of underexplored tenements, as well as new gold targets identified within the region.
Alt technical staff have spent several months reviewing historical data, and stratigraphy, structure and mineralisation from previous studies in the area by Newcrest (ASK:NCM) and Ora Banda (ASK:OBM) among others.
Drilling commenced on Friday 21 February – the company electing to fast track exploration with Challenge Drilling mobilising an RC rig to site.
The Maiden Ore Reserve and Pre-Feasibility Study is due Q1 2020.
A further resource upgrade is scheduled for release in Q2 2020.
Historically over 300,000 ounces of high-grade gold has been mined from the various mines in the Copperfield/Mt Ida area.
Targets have been generated by an in-depth review of all available historical data, including geophysics, structural works, geological findings and geochemical analysis – with the potential to make many new discoveries.
Alt Resources shares are down 8.33 per cent today, sitting at 2.2 cents per share at market close.
