Alt Resources Limited (ASX: ARS) has further extended its Bottle Creek gold project near Menzies in Western Australia’s Northern Goldfields.
The company reported that all areas tested in its most recent RC drill programme undertaken from the Quinns Mining Area returned shallow intersections of high-grade gold.
Significant intersections include:
- 4m @ 3.92 g/t Au from 65 metres
- 7m @ 3.83 g/t Au from 32 metres, including 1m @ 18.5 g/t Au
- 14m @ 2.94 g/t Au from 62 metres, including 4m @ 5.45 g/t Au
- 8m @ 2.92 g/t Au from 78 metres, including 1m @ 16.75 g/t Au
- 5m @ 2.73 g/t Au from 30 metres
- 25m @ 1.85 g/t Au from 60 metres, including 1m @ 11.30 g/t Au and 1m @ 9.21 g/t Au
- 6m @ 1.82 g/t Au from 56 metres, including 1m @ 8.81 g/t Au
- 14m @ 1.46 g/t Au from 53 metres, including 2m @ 4.91 g/t Au
The drilling undertaken at Bottle Creek during the February – March programme was designed as exploration, not resource drilling, testing areas with potential to deliver further resource ounces.
Since drilling commenced in March 2018 the Company has delivered in excess of 40,000 metres of RC and 2,100 metres of diamond drilling, focussing on expanding the Mt Ida and Bottle Creek JORC 2012 resources to a level that will support the development of a treatment plant which is planned to be located at Mt Ida.
In line with the Corporate Strategy, COMO Engineers have been contracted to deliver a Pre-Feasibility Study for the Mt Ida and Bottle Creek Gold Projects. Delivery of the PFS is scheduled for release early of Q2- 2020 as well as delivering the Company’s Maiden Ore Reserve Statement and Financial Model. A final Feasibility Study is scheduled for delivery Q3-2020.
In addition to the Tim’s Find planned mining operation, the company is scheduled to continue drilling operations at the Mt Ida and Bottle Creek project later in the year, expanding the growing inventory to support the development of a planned treatment plant to service the Mt Ida and Bottle Creek Gold Projects.
Future drilling operations will be dependent on drill rig availability and operational restrictions established by the Western Australian Government relating to COVID-19. The Company has implemented COVID-19 safety procedures which will enable continued exploration at the Mt Ida and Bottle Creek Gold project in the near term.
