For thousands of other reports visit RSC's Mineral Intellingence Map
Alloy Resources Ltd.
Summary
| Project: | Ophara | |
|---|---|---|
| Deposit: | Great Goulburn | |
| Location: | Australia | |
| Commodities: | Cobalt-Gold-Copper-Lead-Zinc | |
| Date: | 2/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-2-2017: Alloy Resources Ltd. announces an Exploration/Drilling Update report for its Great Goulburn deposit at the Ophara project. Drilling results incl. 12m @ 0.15% Co, 0.35g/t Au from 57m. Alloy Resources Limited (ASX: AYR, Alloy or the Company) is p | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Viner (Internal) | |
| ABSTRACT: | Alloy Resources Limited (ASX: AYR, Alloy or the Company) is pleased to advise that the Company has recently completed an RC drill program at the Ophara Project located 50 kilometres west of Broken Hill in New South Wales. A 12 hole RC drill program for a total of 1,208 metres was designed to define the strike and depth potential of the known cobalt-gold mineralisation at the Great Goulburn prospect. Results received so far include the highest grade gold and cobalt results received from the Project to date and combined with the definition of new unexpected areas of mineralisation, indicate the potential for widespread gold-cobalt mineralisation within the Great Goulbourn Project area. All remaining drill sample results, along with a number of rock chip samples, are expected to be received before the end of February. Drilling tested the quartz-magnetite geological units inferred to host the gold-cobalt mineralisation. This interpretation was based on compilation of the historical geological mapping, rock chip sampling, geophysical surveys and six previous drill holes. A total of 809 samples from 12 RC holes were submitted for analysis of Gold, Cobalt, Copper, Lead, Zinc, Silver, Arsenic, Iron and Sulphur at a laboratory in Orange, New South Wales. These elements appear to be the primary ones associated with mineralisation which is strongly related to iron-sulphides which is predominantly pyrite. Due to a high number of samples from clients in the area, the laboratory was only able to fast-track an initial batch of 219 samples which were selected from holes AORC004, AORC009 and AORC012 by the consulting geologists based on logged potential mineralisation. | |
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