Alt Resources Ltd (ASX: ARS) updated Mineral Resource estimate for the Mt Ida and Bottle Creek Gold Project. 80 km north west of Menzies in the Mt Ida gold belt in Western Australia
The company recently finalised Resource Estimations based on the drilling programmes completed in Q3 and Q4 of 2019. The Company completed a total of 6,768 metres of RC drilling at Mt Ida South and Bottle Creek project areas confirming mineralisation extensions to the Tim’s Find, Shepherds Bush and VB North deposits.
The drilling programmes completed in Q3 and Q4 2019 added an additional 113,000oz Au, bringing the total for Alt’s Mt Ida and Bottle Creek Gold Project Resource to 10.46Mt @ 1.54g/t Au, for 519,000oz Au, including 5.6M tonne @ 21.1 g/t Ag for 3.78Moz Ag.
Chief Executive Officer, James Anderson, said the current Resource Upgrade further supports the company’s project development strategy for the Mt Ida and Bottle Creek Gold Project
Mr Anderson said the project area has multiple additional exploration and mining targets identified within the company’s landholding.
The upgraded Resource Estimate incorporates results of 6768 metres new RC drilling undertaken at VB North, Tim’s Find and the Shepherds Bush deposits with all results announced to the market.
Mr Anderson said the Tim’s Find extension has expanded the Tim’s Find deposits north and south of the historical resource and remains open north and south, with drilling at VB North and Shepherds Bush delivering additional resource ounces with further drilling at Shepherds Bush scheduled to commence in Q1 2020.
“Alt’s strong successful growth strategy during 2019 and the continued commitment to the development and expansion of the Mt Ida and Bottle Creek Gold Project are strongly supported by the new Resource Upgrade and future planned exploration activity,” Mr Anderson said.
