- The Company has received a $512,000 R&D tax incentive payment from the Federal Government
- Drill planning for Mt Roberts is progressing
o A Programme of Works (POW) has been lodged ahead of planned drilling
A 7,000m resource drilling program has been planned over the Mt Roberts Workings, where the Company intersected high grade gold up to 67.4 g/t Au in November 2016. This included:
- MRRC0003: 3m @ 28 g/t Au, including 1m @ 67.4 g/t Au
- MRRC0008: 1m @ 20.3 g/t Au
- MRRC0009: 1m @ 24.4 g/t Au, and
4m @ 7.96 g/t Au, including 2m @ 13.75 g/t Au
An additional 3,000m of exploration drilling has been planned to test satellite targets at the Mt Roberts Project, including the Rum Punch prospect and Kathleen and Screen Workings. A Programme of Works (POW) has been lodged with the Department of Mines and Petroleum, WA, to gain approval for this activity. The drill program is planned to commence in June 2017.
About Alt Resources Ltd
Alt Resources Limited (ASX:ARS) is an Australian based mineral exploration company. The Company portfolio of assets include the Paupong IRG Au-Cu-Ag mineral system in the Lachlan Orogen NSW, the Myalla polymetallic Au-Cu-Zn deposit, the Mt Roberts gold project and the newly acquired Mt Ida South gold project incorporating the Bottle Creek gold mine.
Alt Resources Ltd