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: | 3/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-3-2017: Alloy Resources Ltd. announces an Exploration/Drilling Update report for its Great Goulburn deposit at the Ophara project. Drilling results incl. 15m @ 0.12% Co, 0.30g/t Au from 66m. Alloy Resources Limited (ASX: AYR, Alloy or the Company) is pl | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Viner (Internal) | |
| ABSTRACT: | Alloy Resources Limited (ASX: AYR, Alloy or the Company) is pleased to advise results from the recently completed RC drill program at the Ophara Project located 50 kilometres west of Broken Hill in New South Wales. A 12 hole RC drill program on lines 100 metres apart 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 continue to indicate the potential for widespread gold‐cobalt mineralisation within the Great Goulbourn Project area. Drilling has shown that mineralisation is strongest where a quartz magnetite unit is intersected by sulphide rich fluids, however there also appears to be quartz vein related mineralisation away from these units. A continuing review of historical data has recently yielded aerial electromagnetic survey data from 1991 completed by BHP Minerals. The Great Goulburn prospect is only one anomaly amongst numerous within the area. There has been little or no drill testing of these other EM anomalies offering excellent targets for future exploration. Drilling was planned to test the inferred quartz‐magnetite geological host units to 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 have been analysed for Gold, Cobalt, Copper, Lead, Zinc, Silver, Arsenic, Iron and Sulphur at a laboratory in Orange, New South Wales. This report is for the final 590 samples received, with the initial 219 already released to the market on 22 February 2017. | |
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