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Alloy Resources Ltd.
Summary
| Project: | Horse Well | |
|---|---|---|
| Deposit: | Horse Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-1-2017: Alloy Resources Ltd. announces an Exploration/Drilling Update report for its Horse Well deposit at the Horse Well project. JV with Doray Minerals - drilling results incl. 28m @ 0.33g/t Au from 52m. Alloy Resources Limited (ASX: AYR, Alloy | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Viner (Internal) | |
| ABSTRACT: | Alloy Resources Limited (ASX: AYR, Alloy or the Company) is pleased to report the final results from the major program of aircore exploration drilling completed at the Horse Well Gold Project in the Northeastern Goldfields of Western Australia in late 2016. The Horse Well Joint Venture comprises Doray Minerals Limited (60%) and Alloy Resources Limited (40%) and has completed a $2 million exploration program during 2016. The 1,000 km2 Project covers 60 strike kilometres of greenstone belt located 50 kilometres north of the large 240 koz p.a Jundee Mine operated by Northern Star Limited (Figure 1) Exploration during the September and December quarters of 2016 has been focussed on first and second pass geochemical drilling to define new gold anomalies beneath the sand covered northern ‘Dawn’ prospects area. | |
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