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Alchemy Resources Ltd.
Summary
| Project: | Bryah Basin | |
|---|---|---|
| Deposit: | Bryah Basin | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Zinc | |
| Date: | 9/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-9-2019: Alchemy Resources Ltd. announces an Exploration/Drilling Update report for its Bryah Basin deposit at the Bryah Basin project. Drilling results incl. 5m @ 0.01% Cu, 6.35g/t Au, 83ppm Zn from 100m. Alchemy Resources Limited (ASX: ALY) (“Alchemy” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Leigh Ryan (Internal) | |
| ABSTRACT: | Alchemy Resources Limited (ASX: ALY) (“Alchemy”) is pleased to announce that Sandfire Resources NL (ASX: SFR) has received additional encouraging gold and copper results from Phase 1 aircore (AC) drilling along strike to the southwest of the DeGrussa copper-gold deposit within the Bryah Basin Project (Figure 1). Some 1,188 AC holes (91,146m) have now been drilled on 1.6km x 100m and 800m x 100m spacings across a 40km strike of the Narracoota-Karalundi volcano-sedimentary sequence that hosts the DeGrussa VMS copper-gold mineralisation. The latest significant results received from 515 AC holes include 5m @ 6.4g/t Au from 100m, 5m @ 0.15% Cu, 0.69g/t Au from 75m, 30m @ 0.5g/t Au from 55m, 10m @ 0.6g/t Au from 30m, and 5m @ 0.12% Cu from 105m (Figure 2, Table A). It is important to note that these intercepts are from wide spaced drilling and have yet to be followed up with infill drill holes. The majority of anomalous gold and copper results from the AC drilling to date, including the latest results, are being returned from sediments and quartzcarbonate schists within two sub-parallel mineralised zones immediately east of the Churchill Prospect, and from the substantial gravity high at the Neptune Prospect (Figure 2). | |
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