Alchemy finds two high-grade gold zones at Hermes09:13,...

Alchemy finds two high-grade gold zones at Hermes
09:13, Wednesday, 10 June 2009

Sydney - Wednesday - June 10: (RWE Australian Business News) -
Alchemy Resources Ltd (ASX:ALY) has discovered two new high-grade gold
zones at its Hermes Gold Project on granted mining lease M52/685,
located 60km southwest of the Plutonic Goldmine in Western Australia's
Gascoyne district.
Hermes forms part of Alchemy's Three Rivers Gold Project.
Reverse circulation (RC) drilling by Alchemy discovered
high-grade gold zones at shallow depth west of the known Hawkeye and
Trapper deposits, whilst another high-grade gold zone was discovered at
depth at the Trapper deposit.
RC hole TRC236, drilled to test gold mineralisation to the west
of the known JORC-compliant 1.7Mt indicated gold resource, intersected
three zones of gold mineralisation. Best results include:
* 8m at 2.0g/t gold from 21m (including 1m at 5.6g/t);
* 5m at 34.0g/t gold from 34m (including 1m at 118.2g/t and 1m
at 16.1g/t); and
* 7m at 5.5g/t gold from 113m (including 1m at 15.4g/t).
RC hole TRC247 drilled into the Trapper deposit intersected 8m
at 10.3g/t gold from 156m including 1m at 64.9g/t.