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Alchemy Resources Ltd.
Summary
| Project: | Hermes | |
|---|---|---|
| Deposit: | Hermes South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 3-12-2018: Alchemy Resources Ltd. announces an Exploration/Drilling Update report for its Hermes South deposit at the Hermes project. Drilling results incl. 16.0m @ 3.0g/t Au from 137m. Alchemy Resources Limited (ASX: ALY) (“Alchemy”) is pleased to announ | |
| Resources: | (Resource, Inf.): 1.37Mt @ 1.97g/t Au for 87Koz Au contained at Hermes South | |
| CP/QP: | [Overall Report]: Leigh Ryan (Internal) | |
| ABSTRACT: | Alchemy Resources Limited (ASX: ALY) (“Alchemy”) is pleased to announce numerous significant gold intercepts reported by Superior Gold Inc. (TSX-V: SGI) from the Hermes South (Wilgeena) Prospect, located approximately 20km south southwest of Superior Gold’s Hermes mining operation, and 65km southwest of Superior Gold’s Plutonic gold mine in Western Australia (Figure 1). The Phase 2 RC drill program at Hermes South included 51 Reverse Circulation (RC) drill holes for a total of 7,308m (Figure 2). The program aimed to further define a newly discovered shallow parallel lode 150m to the south of the main Hermes South ore zone and to extend the existing resource down-plunge to the ESE. Significant intercepts (>20 grade x width) from Superior Gold’s Hermes South Phase 2 drilling included Results from the Phase 2 drilling have highlighted the potential to increase the Hermes South resource downplunge of currently defined mineralisation (Figure 3). Additional drilling will be required in order to further define this mineralisation and determine the potential for Hermes South to become a second open pit and part of the production profile for the Plutonic Gold Operati | |
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