For thousands of other reports visit RSC's Mineral Intellingence Map
Alchemy Resources Ltd.
Summary
| Project: | Karonie | |
|---|---|---|
| Deposit: | Karonie | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/15/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-7-2020: Alchemy Resources Ltd. announces an Exploration/Drilling Update report for its Karonie deposit at the Karonie project. Drilling results incl. 3m @ 5.1g/t Au from 67m. Alchemy Resources Limited (ASX: ALY) (“Alchemy”) wishes to announce several s | |
| Resources: | x | |
| CP/QP: | [Overall Report] Leigh Ryan (Internal) | |
| ABSTRACT: | Alchemy Resources Limited (ASX: ALY) (“Alchemy”) wishes to announce several significant intercepts from recent reverse circulation (RC) drilling within the 100% owned Karonie Gold Project in the Eastern Goldfields, WA (Figure 1). The drilling tested Karonie style gold targets immediately along strike to the north and south of the Silver Lake Resources Ltd (ASX: SLR) Aldiss Mining Centre. RC drilling at the Taupo Prospect, located 2km along strike to the north of the Karonie Main Open Cut mine, returned best intercepts of 3m @ 5.1g/t Au from 67m (TARC005), 10m @ 1.0g/t Au from 81m (incl. 1m @ 3.9g/t Au from 81m) (TARC005), and 3m @ 1.5g/t Au from 55m (incl. 1m @ 3.6g/t Au from 57m) (TARC006) (Figures 2 & 3, Table A). Gold mineralisation is associated with quartz veined, strongly silicabiotite-pyrite altered basalt within a broader zone of strong carbonate alteration. The drilling confirmed the previous interpretation of two sub-parallel zones of gold mineralisation still open down dip and along strike to the north and south. Further drilling is being planned in order to identify plunging high-grade gold shoots, typical of the Karonie-Aldiss region. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report