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Alchemy Resources Ltd.
Summary
| Project: | Cobar Basin | |
|---|---|---|
| Deposit: | Overflow | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 1/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-1-2019: Alchemy Resources Ltd. announces an Exploration/Drilling Update report for its Overflow deposit at the Cobar Basin project. Drilling results incl. 14.0m @ 0.4g/t Au, 0.4% Zn from 368m. Alchemy Resources Limited (ASX: ALY) advises that the Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Leigh Ryan (Internal) | |
| ABSTRACT: | Alchemy Resources Limited (ASX: ALY) advises that the Company’s second diamond drill hole (OFDD002) drilled to a depth of 457.3m at the Overflow gold and base metal prospect in the Cobar Basin, NSW (Figure 1), has returned an intercept of 14m @ 0.4g/t Au, 0.4% Zn from 368m (including 1m @ 2.1g/t Au, 12g/t Ag, 2.0% Zn, 1.0% Pb, 0.19% Cu from 379m) from an area located approximately 120m below the Company’s first diamond drill hole (OFDD001). The results have helped define the known extent of mineralisation at Overflow, confirmed the interpreted shallow southern plunge to the high grade gold-base metal mineralisation, and suggest an increase in copper grade with depth (Figures 1 - 3). | |
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