ALY 7.14% 0.7¢ alchemy resources limited

3 sets of drill results due before christmas, page-3

  1. 322 Posts.
    Hi brunoR - as far as I know there are no current drill programs for copper, however they are currently in process of conducting the VTEM survey across the entire Narracoota formation across the southern part of ALY's tenements.

    This will hopefully confirm the conductors that were indicated on the small amount of data that SFR supplied, as well as any further potential conductors as the formation extends through.

    Don't forget the data supplied by SFR only extended approx 500m into ALY tenements, yet the Narracoota formation extends some 30kms representing exploration area of approx 165km2 in ALY boundaries alone!!!

    By theory of these conductors forming in clusters, there could be a substantial number of them, and hopefully the VTEM and subsequent analysis identifies a number of highly prospective targets beyond the 3 initially identified.

    IMHO, This is now a long term dual play -
    1. substantial gold reserves that i think will continue to increase (awaiting ongoing drill results), as well as potential for mining operations at existing, previously operational mines within 6-12 months; and
    2. a highly prospective copper play if SFR is anything to go by! :D
 
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