Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Gold producer Alt Resources has found new high-grade intercepts at its project in W.A.
  • Grades up to nearly 83 grams per tonnes have been found and are outside the current resource estimate
  • The company says it will begin to plan a drilling campaign around the newly found targets
  • Alt’s share price is currently flat after falling back down from a 10 per cent spike in early trade. Shares are currently trading for two cents each

Alt Resources has found new potential high-grade gold intercepts at its Tim’s Find prospect at the Mt Ida project, W.A.

A recent drilling campaign has extended the zone of potential gold targets by 400 metres. Additionally, the new areas found are outside the current resource estimate.

Highlights from the results include up to 82.6 grams per tonne of gold being recorded.

The results are from a 43 hole reverse circulation drilling program, which covered 2140 metres.

Going forward, the company will begin planning its mining schedule at the prospect. There are three open-pit locations Alt is looking to develop at Tim’s Find.

Alt Resources’ share price is currently remaining flat after falling back down from a 10 per cent spike earlier today. Shares in the company are currently trading for two cents each.

ARS by the numbers
More From The Market Herald
Bellevue Gold (ASX:BGL) - Managing Director, Steve Parsons

" Bellevue Gold (ASX:BGL) completes $200m loan facility

Bellevue Gold (BGL) has executed a project loan facility totalling $200 million with Macquarie Bank (MGQ).

" E79 Gold Mines (ASX:E79) kicks off drilling at Laverton South

E79 Gold Mines (E79) has kicked off its maiden drilling program over its Laverton South Gold Project in Western Australia.
Miramar Resources (ASX:M2R) - Executive Chairman, Allan Kelly

" Miramar Resources (ASX:M2R) outline large gold footprint at Glandore Project

Miramar Resources (M2R) has outlined a very large gold footprint at its Glandore Project in the Eastern Goldfields region of Western Australia.

" Southern Hemisphere Mining (ASX:SUH) begins RC drilling at Llahuin

Southern Hemisphere Mining (SUH) has begun reverse circulation (RC) drilling at its Llahuin Copper-Gold-Molybdenum Project.