ALT Resources Limited (ASX: ARS) has commenced a 3,500 metre RC drilling programme at the Mt Ida Project in Western Australia.
The company has elected to fast track exploration drilling with Challenge Drilling mobilising an RC rig to site.
Chief Executive Officer James Anderson said the company will be drilling several deposits and new prospect areas during this current program of RC drilling, including the Single Fin prospect which is south and along strike from the Boags open pit at Bottle Creek.
Additional drilling will be undertaken at the Shepherds Bush deposit and the newly acquired White Eagle prospect.
Mr Anderson said Alt technical staff have spent several months reviewing historical data from work undertaken by Hamill Resources Ltd, Newcrest Mining Ltd and La Mancha.
The stratigraphy, structure and mineralisation relating to Ora Banda Mining Ltd’s historical Timoni gold mine and the Timoni Mineralised Trend (TMT) have also been reviewed.
The TMT area is located approximately six km north-east of the Bottle Creek mining leases. The dompany’s Mt Ida tenements cover significant parts of the TMT, surrounding Ora Banda Mining’s lease M29/2 and M29/165 which contains the historic Timoni underground gold mine and a current contained JORC 2004 Indicated and Inferred resource of 320,000t at 13.8g/t Au for 140,000oz Au.
Mr Anderson said the TMT is considered to be highly prospective for high grade gold mineralisation. Known deposit styles include high grade shear/vein hosted gold and base metal sulphides.
Historically over 300,000 ounces of high-grade gold has been mined from the various mines in the Copperfield/Mt Ida area. Numerous brownfields exploration opportunities are present with the potential to make many potential new discoveries.
The company’s operations at its Mt Ida and Bottle Creek Gold Projects incorporate the Bottle Creek, Quinn’s and Mt Ida South project areas, located 90km north- west of Menzies in Western Australia’s Northern Goldfields.