For thousands of other reports visit RSC's Mineral Intellingence Map
Alloy Resources Ltd.
Summary
| Project: | Horse Well | |
|---|---|---|
| Deposit: | Horse Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-12-2019: Alloy Resources Ltd. announces an Exploration/Drilling Update report for its Horse Well deposit at the Horse Well project. Drilling results incl. 18m @ 5.76g/t Au from 28m. Australian gold explorer Alloy Resources Limited (ASX:AYR) (Alloy or t | |
| 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 details drill results from part of a program completed in November, related to the Palomino and Bronco Propspects, where a total of twenty five holes for 2,967 metres are reported. A further six holes were drilled at the Warmblood Prospect with full results still pending. The aim of the program was to test concepts for extensions and orientations of gold mineralisation within known Mineral Resources and advanced mineralised areas. Executive Chairman Mr Andy Viner said “ The results at Palomino in particular, confirm that the Horse Well JV area has potential for high grade gold mineralisation which is very close to surface”. ‘These results build on the data that will be used to advance our Mineral Resources towards Indicated status and then used for studies into economic development”. | |
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