Announcements on Two Metals & Mining Companies – ARS and TMZ

  • Jan 16, 2019 AEDT
  • Team Kalkine
Announcements on Two Metals & Mining Companies – ARS and TMZ

Alt Resources Ltd (ASX: ARS) over the Mt Ida Project is pleased to report collation and review of historical soil geochemistry has confirmed multiple untested golds in soil anomalies which warrant further investigation and follow up work.

During the later stages of 2018, since the completion of phase 3 RC drilling at Bottle Creek and as part of the ongoing exploration and development of the Bottle Creek and Mt Ida Gold Projects, the company’s geologists spent several weeks digitizing historical soil geochemistry sampling undertaken by previous exploration companies across the Alt Mt Ida tenement package.

Through the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) WAMEX Mineral Exploration Reporting website the historical reporting is being obtained. Outside of the company’s known and defined resources significant gold in soil geochemistry suggests the Mt Ida Project contains multiple gold prospects.

By Newcrest, La Mancha and Wild Acre Metals who completed several large-scale regional soil grids over much of the Mt Ida project which Alt has spent the past two months compiling into a regional soil survey map, much of the Mt Ida tenure has undergone surface geochemical sampling. With selected areas using sieved soils, the soil sampling has been completed at various grid spacing and is dominated by auger sampling.

The gold in soil trends and areas of interest by project area, being the Quinns, Mt Ida South, and Bottle Creek South projects. Alt has scheduled first pass RC drilling to commence in late April 2019 and is currently preparing Program of Works (POW’s) for drilling approval in order of priority on targets identified. Alt Resources Ltd (ASX: ARS) traded down by -3.333% at a market price of $0.029 as at January 16, 2019.

Gold Intersection for Thomson Resources Limited at Harry Smith Prospect

30km south of Ardlethan, NSW, at the Harry Smith gold project, Thomson Resources from its first four holes drilled in December 2018 is happy to announce that it has received highly encouraging gold assays.

Drilled during last year, these two holes (HSRC008 and HSRC009) were drilled 130m south of the Golden Spray, workings at the Silver Spray lode.

With minor sandstone, both holes intercepted strongly streaked schist and siltstone. From HSRC009 grading 38 g/t Au gold grade in individual meters was highly variable with the meter sample screening potential for high-grade shoots within the lower grade envelopes.

Following on from five holes drilled in 2018, Thomson drilled nine holes for 833m at the Harry Smith project in December 2018. HSRC004 was the prominent hole from the first drilling campaign which seized 54m at 1.0 g/t Au at the Golden Spray workings. The First four drill holes return including 9m at 9.2 g/t Au a high-grade gold. Thomson Resources Limited (ASX: TMZ) traded flat at a market price of $0.029 as at January 16, 2019.


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