For thousands of other reports visit RSC's Mineral Intellingence Map
Alloy Resources Ltd.
Summary
| Project: | Horse Well | |
|---|---|---|
| Deposit: | Big Daddy | |
| Location: | Australia | |
| Commodities: | Gold-Bismuth | |
| Date: | 1/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-1-2019: Alloy Resources Ltd. announces an Exploration/Drilling Update report for its Big Daddy deposit at the Horse Well project. Drilling results incl. 4m @ 0.162g/t Au. 1.98g/t Bi from 44m. Australian Gold and Cobalt explorer Alloy Resources Limited | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Viner (Internal) | |
| ABSTRACT: | Australian Gold and Cobalt explorer Alloy Resources Limited (ASX:AYR) (Alloy or the Company) provides the following update in regards to exploration activities at the Horse Well Gold Project Joint Venture (“Horse Well”) (Alloy 51%, earning 60%: Doray Minerals Limited 49%). Horse Well is located in the north-east goldfields region of Western Australia and is adjacent to Northern Star’s Limited’s Jundee Gold Mine. The Company is currently sole funding exploration to earn up to 60% in the Project. The project is well mineralised and has a number of prospects within the 60 kilometre strike of greenstone belt. The Company has been systematically testing a pipeline of these with the aim of discovering a major new gold deposit. Recent Exploration To finish the 2018 exploration program the Company continued to test more of the numerous exploration prospects present in the project. Three of these prospects were investigated by completing short air-core drill lines during early December 2018 (Figure 1). Big Daddy Prospect In 2016 a 300 hole air-core program on a wide spacing of 800 metres x 160 metres was completed to provide first-pass testing of a concealed 8 kilometre strike of greenstone belt in the centre of the project (ASX release 16/01/2017). This work defined three parallel >50 ppb Au anomalies extending along the entire area (Figure 2). The central and eastern anomalies are associated with an extensive granite intrusive that intrudes the Celia Shear at the contact between the western sedimentary units and the eastern mafic units, and is regarded as highly prospective | |
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