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Alloy Resources Ltd.
Summary
| Project: | Ophara | |
|---|---|---|
| Deposit: | Ophara | |
| Location: | Australia | |
| Commodities: | Cobalt-Gold-Copper-Lead-Zinc | |
| Date: | 9/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-9-2018: Alloy Resources Ltd. announces an Exploration/Drilling Update report for its Ophara deposit at the Ophara project. Drilling results incl. 12m @ 192ppm Co, 23ppb Au, 288ppm Cu from 48m. Australian explorer Alloy Resources Limited (ASX:AYR) (Allo | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Viner (Internal) | |
| ABSTRACT: | Australian explorer Alloy Resources Limited (ASX:AYR) (Alloy or the Company) is pleased to announce that assays from a small air-core drill program and extensional soil and rock chip sampling programs at the Ophara Project have now been received and interpreted. Results suggest a large new copper-gold prospective area over at least a 3 kilometre strike in the Kitchies Reward area offering a significant new exploration target to complement the ongoing cobalt exploration. Air-core drilling has successfully intersected weathered and leached cobalt-gold-copper mineralisation beneath soil anomalies, proving that the extensive soil anomalies defined are strong targets for new cobalt-gold-copper mineralisation. The Ophara Project is located in the highly mineralised Broken Hill region of far west New South Wales in Australia. The project has similar geology and mineralisation to the adjacent Thackaringa Cobalt deposit which has been defined by Cobalt Blue Holdings and the Mutooroo copper-cobalt-gold project owned by Havilah Resources which also has similar geology to the Ophara project (Figure 1). The Company has been completing a systematic target generation program to define extensions to known drill-defined cobalt-gold-copper mineralisation at the Great Goulburn Prospect and also any new areas of base metal or copper-gold mineralisation. This work has involved extensive soil and rock sampling over an area of 70 square kilometres. Extensive multi-element cobalt pathfinder and base meta soil anomaly trends have been defined and field inspection of these has located some potentially similar rock types to Great Goulburn. | |
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