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Alloy Resources Ltd.
Summary
| Project: | Horse Well | |
|---|---|---|
| Deposit: | Horse Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/16/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-1-2020: Alloy Resources Ltd. announces an Exploration/Drilling Update report for its Horse Well deposit at the Horse Well project. Drilling results incl. 8m @ 1.76g/t Au from 100m. Australian gold explorer Alloy Resources Limited (ASX:AYR) (Alloy or th | |
| Resources: | (Resource, Inf.): 5.722Mt @ 1.4g/t Au at Horse Well | |
| CP/QP: | [Overall Report]: Andrew Viner (Internal) | |
| ABSTRACT: | Australian gold explorer Alloy Resources Limited (ASX:AYR) (Alloy or the Company) is pleased to provide an update on exploration drilling activities at the Horse Well Gold Project Joint Venture (Horse Well JV) (Alloy 60%: Silver Lake Resources Limited 40%) during November. The Horse Well JV is located in the north-east goldfields of Western Australia and is adjacent to Northern Star Limited’s Jundee Gold Mine (Figure 1). The Company is the Manager and Operator of the JV and is currently sole funding an RC drilling program to earn additional equity. This report summarises final drill results from a program completed in November 2019, related to the Warmblood Prospect, where results of 6 holes for 720 metres have been received and compiled. Results for new drilling at the Palomino and Bronco Prospects as part of this program were reported to the ASX on 16 December 2019. The aim of the program was to test concepts for extensions and and confirm orientations of gold mineralisation within known Mineral Resources and advanced mineralised areas. | |
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