Annual Report to shareholders
Canberra, Sep 27, 2019 AEST (ABN Newswire) - During the year Alt Resources Ltd (ASX:ARS) has undertaken multiple exploration and resource drilling programs focussing on the Company's primary assets located in the northern goldfields of Western Australia at the Mt Ida and Bottle Creek Gold Projects and to a lesser extent at the New South Wales projects.
Mt Ida and Bottle Creek are located 85 kilometres to the north west of Menzies in the northern gold fields of WA. Alt commenced drilling in March 2018, drilling in excess of 20,000 metres of reverse circulation (RC) drilling enabling the Company to deliver the current JORC compliant resource at Bottle Creek is 5.6Mt @ 1.72g/t Au, for 309,000oz Au and 3.78Moz Ag.
When compiled with the existing Mt Ida Gold Projects resource inventory the combined Mt Ida and Bottle Creek Gold Projects resource stands at 6.8 Mt @ 1.85g/t Au for 406,000oz Au and 3.78Moz Ag. More importantly 78% of the Bottle Creek and Mt Ida Gold Projects resource now stands at 316,000oz Au and 2.7Moz Ag in the JORC categories of Measured + Indicated with the project wide discovery cost for the resources being less that $10.00 per resource ounce.
To view the Annual Report, please visit:
https://abnnewswire.net/lnk/3J7M5P9J
About Aurenne Alt Resources Pty Ltd
Aurenne Alt Resources Pty Ltd is an Australian based mineral exploration company that aims to become a gold producer by exploiting historical and new gold prospects across quality assets and to build value for shareholders.
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