ALY 0.00% 0.7¢ alchemy resources limited

Ann: High Grade Gold Hits from Bryah Basin , page-2

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  1. 3,471 Posts.
    lightbulb Created with Sketch. 149
    well well well the one I expected to disappoint the most ended up pulling something out of the hat.

    not that I really care about the management team but they have been heavily criticised by people of this forum so I hope this shuts down some of the whining. certainly no one can say there were any leaks.

    Seriously you can't complain about those results. Lets see if we get a re-rating on potential now. OK grades and shallow depth and "one of many" targets.

    RAB drilling confirms high-grade gold at Seaborg
    o 51m @ 4.20 g/t Au from surface in CBRB001
    o 29m @ 4.33 g/t Au from 16 metres in CBRB002
    ? Drilling ended in mineralisation
    ? Seaborg one of many ‘gold-only’ targets delineated across Bryah Basin Project
    ? Systematic exploration planned including field mapping, surface geochemistry and drilling

    expect a CR IMO. cash reserves are fairly low to fund any drilling program of any size.
 
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