Alt Resources Limited (ASX: ARS) has announced encouraging drilling results from its Mt Ida, Quinns project area, located 90km north-west of Menzies in Western Australia’s Northern Goldfields.
The company reported the completion of the RC Drilling Program at Mt Ida and Bottle Creek gold project. ARS said that 48 RC holes for 3,726 metres of drilling were completed across multiple targets.
ARS reported that Quinn’s Mining Area returned shallow intersections of high-grade gold from 13 RC holes for 550 metres of drilling.
Significant intersections include 6m @ 11.06g/t Au from 36 metres, including 1m @ 39.9g/t Au; 26m @ 4.63g/t Au from 28 metres, including 3m @ 9.11g/t Au and 1m @ 13.10g/t Au; 6m @ 4.50g/t Au from 22 metres, including 1m @ 13.4g/t Au; 5m @ 3.61g/t Au from 12 metres, including 1m @ 9.44g/t Au; 10m @ 3.47g/t Au from 17 metres, including 1m@ 17.39g/t Au; and 8m @ 2.96g/t Au from 29 metres, including 1m @ 8.64g/t Au.
Mt Ida project
The Mt Ida Gold Project encompasses the Mt Ida South and the Quinn’s Mining Centre projects.
These projects lie on the Ballard Fault which is host to a near-continuous mineralised sequence, including the known JORC resources contained at the Matisse and Quinn Hills deposits in the north, and the Mount Ida South Project including the Spotted Dog, Tim’s Find and Shepherds Bush deposits in the south
Bottle Creek project
The Bottle Creek gold mine lies ~100 km north west of Menzies in the northern goldfields of Western Australia. The gold mine is located on the northern extremity of the Mt Ida Shear and the confluence of the Zuleika Shear, the Mt Ida Shear extends from south of Davyhurst to Mt Alexander.
RC drilling at various projects
Alt had commenced a 3,726 metre RC drilling program on 21st February 2020 at its various projects. The company reported that it has now completed the RC drill program. ARS said that it completed the drilling program in 18 days with Company staff and Challenge Drilling delivering a consistent 207 metres of RC drilling per day.
The Company reported that it drilled several deposits and prospects during the recently completed RC program.
This includes 550 metres of RC at the Belvidere and Boudie prospects at the Quinn’s Mining Area, 1702 metres of RC at the Bottle Creek project including the Southwark, Piantos Find, and Single Fin deposits, and an additional 1474 metres of RC drilling at the Shepherds Bush deposit.
Quinn’s Mining Area: Quinn’s Mining Area comprises the Boudie Rat and Forrest Belle shallow open pits with additional historical prospects Boudie West, Boudie Beach and Belvidere.
The company noted that numerous workings exist along the Quinns mineralised trend with recent drilling results indicating the mineralised shears extend south along strike from the Boudie Rat open pit. ARS reported that limited modern drilling has been conducted at the Quinns project area.
The company reported high-grade intercepts from the RC drilling at its various prospects and deposits.
Significant intercepts from 13 RC holes at the Quinns Mining Area Belvidere and Boudie prospects include, 26 m @ 4.6 g/t from 28m including 3m @ 9.11 g/t Au from 34m and 1m @ 13.10 g/t Au from 41m (hole BBRC001_2); 6m @ 11.06 g/t Au from 36m including 1m @ 39.90 g/t Au (hole BWRC001); 10m @ 3.47g/t Au from 17m including 1m @ 17.39g/t Au from 22m (hole BWRC002); 8m @ 2.95g/t Au from 29m including 1m @ 8.64g/t Au from 34m (hole BWRC003); 2m @ 0.65g/t Au from 44m (hole BWRC004); 5m @ 3.61g/t Au from 12m including 1m @ 9.44g/t Au from 13m (hole BWRC005); 6m @ 4.5g/t Au from 22m including 1m @ 13.4g/t Au from 22m (hole BWRC006); 1m @ 0.62g/t Au from 14m (hole BWRC007); 3m @ 1.86g/t Au from 27m (hole BWRC008); 3m @ 2.03g/t Au from 11m (hole BWRC009); 2m @ 3.85g/t Au from 32m (hole BWRC010); 1m @ 3.45g/t Au from 16m (hole BNRC001); and 1m @ 1.49g/t Au from 30m (hole BNRC002).
Resource estimate for Mt Ida and Bottle Creek
The company reported that Mt Ida and Bottle Creek Gold Project now has a JORC 2012 global resource estimate of 10.5M tonne @ 1.54g/t Au, for 519,000oz Au and 5.6M tonne @ 21.1g/t Ag 3.78Moz Ag with a Measured and Indicated resource estimate of 5.3M tonne @ 1.89g/t for 322,200oz Au and 4.4M tonne @ 21.1g/t for 2.7Moz Ag1. The complete details of Mt Ida and Bottle Creek resource estimate are shown below.
Updates and next steps
The company said that the final assays from the RC drilling program have been received this week and the Company expects to deliver the results for drill programs from Bottle Creek and Shepherds Bush areas over the coming weeks.
Alt Resources said that it will now further assess the Quinnss Find trend for additional RC drilling and will incorporate the Forrest Belle results in 3D review of geology and mineralisation.