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Alchemy Resources Ltd.
Summary
| Project: | West Lynn | |
|---|---|---|
| Deposit: | Summervale | |
| Location: | Australia | |
| Commodities: | Aluminium-Iron-Potassium-Sodium-Titanium-Silica | |
| Date: | 6/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-6-2019: Alchemy Resources Ltd. announces a Resource Estimation report for its Summervale deposit at the West Lynn project. Initial resource estimate for Summervale prospect at West Lynn project. Alchemy Resources Limited (ASX: ALY) is pleased to announ | |
| Resources: | (Resource, Inf.): 6.55Mt @ 20.8% Al2O3, 2.8% Fe2O3, 1.79% K2O, 0.43% Na2O, 1.15% TiO2, 64.2% SiO2 | |
| CP/QP: | [Resources]: Stephen Godfrey (Resource Evaluation Services Pty Ltd.) | |
| ABSTRACT: | Alchemy Resources Limited (ASX: ALY) is pleased to announce that a maiden JORC Code 2012 Edition compliant inferred mineral resource estimate has been completed for the alumina rich kaolin zone of the Summervale Prospect, located 23km northwest of Nyngan, NSW. The mineral resource estimate totalling 6.6Mt @ 20.8% Al2O3 was completed by Resource Evaluation Services (RES) and is reported at an 18% Al2O3 lower cut-off as detailed in the table below. The grades are not screened/beneficiated figures. The resource estimate follows an intensive 178 hole drilling campaign completed by Alchemy across the West Lynn and Summervale prospects during 2018, primarily targeting nickel - cobalt mineralisation. This work resulted in the Ni-Co resource estimate announced in February 20191 and also identified the extensive alumina rich kaolin layer overlying the Ni-Co mineralisation at Summervale. The kaolinite zone hosting the alumina mineralisation at Summervale is flat lying, commences from ~15 to 25m below surface, is between 2m and 40m thick (commonly ~10m thick), and is interpreted to be derived from weathered pelite units of the Girilambone Group. Mineralisation remains open along and across strike, showing good potential to deliver additional resources. It is anticipated that the alumina resource could potentially be exploited in conjunction with open pit mining of the underlying Ni-Co resource. | |
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