10th April - commenced a 750 sample infill sampling program on a 200m x 100 m grid designed to refine the peak of cobalt-gold soil anomalies in order to define areas for drill testing.
This work is expected to take about 15 days and results a further 2-3 weeks.
Whilst completing this work the field team will be mapping to locate outcrop of mineralsed zones.
Follow-up air-core drilling
“Strong similarity between Ophara and Thackaringa soil anomalies”
Horse Well Gold Project
Drilling and surface geochemical surveys at the Horse Well Gold project
“We have recently regained control of the Horse Well Gold project which we believe is one of the best early stage gold exploration properties in the Goldfields with a shallow high-grade Inferred Mineral Resource of 75,000 ounces at 2.76 g/t Au and numerous prospects at various stages of exploration”.
“We think the new ELA area significantly enhances the potential for Alloy to make new gold discoveries as it expands our coverage of the mineralised Celia Shear from 60 to 80 strike kilometres”.
