Alt ResourcesLtd. said July 11 that it found a new mineralized zone at itsflagship Paupong gold project in New South Wales.

The new zone is dubbed Lone Ranger, where reconnaissancerock chip sampling returned high grades of silver and bismuth, showing up to451 g/t of silver and 1.36% of bismuth, with up to 1.8 g/t of gold and 0.79%lead.

Lone Ranger lies 2 kilometers east of the Kidman prospectand 2.5 kilometers south of the Windy Hill prospect, on which most of thedrilling and exploration activities have been focused so far.