For thousands of other reports visit RSC's Mineral Intellingence Map
Alchemy Resources Ltd.
Summary
| Project: | West Lynn | |
|---|---|---|
| Deposit: | West Lynn | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt-Aluminium-Iron | |
| Date: | 12/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-12-2018: Alchemy Resources Ltd. announces an Exploration/Drilling Update report for its West Lynn deposit at the West Lynn project. Drilling results incl. 34m @ 0.97% Ni, 0.05% Co from 38m. Alchemy Resources Limited (ASX: ALY) (“Alchemy”) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Leigh Ryan (Internal) | |
| ABSTRACT: | Alchemy Resources Limited (ASX: ALY) (“Alchemy”) is pleased to announce additional significant results received from the Phase 3 resource drilling within the West Lynn Nickel-Cobalt Project in the Lachlan Fold Belt, NSW, which forms part of the Heron Resources Limited (ASX: HRR) Farm-in Agreement (Figure 1). Alchemy has currently earned 51% (earning up to 80%) in all NSW licences. The West Lynn results confirm broad high grade nickel (Ni) - cobalt (Co) mineralisation within the laterite and saprolite profiles at both West Lynn and Summervale, and confirm and extend broad zones of alumina (Al2O3) immediately above the Ni-Co mineralised zone. Drilling to date has not fully defined the extent of along-strike or across-strike mineralisation at both the Summervale and West Lynn prospects. Further drilling will be undertaken subsequent to the release of the upcoming maiden JORC 2012 compliant Ni-Co- Al2O3 resource. In addition, the drilling to date covers only ~10km of the 22km long West Lynn Serpentinite unit. All mineralised intercepts from the Phase 3 aircore drilling (21 holes for 1,201m) at both the West Lynn (WLAC075 – 089) and Summervale prospects (SVAC081 – 086) and from sampling of the alumina rich clay zone not previously sampled in the Phase 2 drilling are included in Appendix 1. | |
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