ALY

0.00%

0.7¢ alchemy resources limited

Still no news. Must be close though.

First 7 Last

Share
Profile

Follow
Shady Merv

13,806 Posts.

690

02/09/15

19:14

Post #: 15923294
Share

Originally posted by Shady Merv ↑

I don't know what gold news there might be, but some good gold news would go down very well, given the current A$pog.

We await news from IGO on its exploration at Neptune. There has been no report on that since the end of June when ALY advised that drilling had started. If IGO had made an impressive massive sulphides hit then we should have heard of it by now perhaps.

From the 29/6 ann:

"..................The size and amplitude of the geochemical and geophysical anomalism at Neptune suggests that there is considerable potential for discovery of a high-grade/tonnage copper-gold VMS deposit. The initial program of five RC holes and three diamond drill holes is expected to take approximately four weeks to complete. The drilling is targeting mineralisation at vertical depths of between 220 and 400m.

.........Apart from direct testing for economic copper-gold mineralisation, the diamond drilling will also provide important stratigraphic and structural information in an area with no previous cored-drilling. Follow-up down-hole EM will also provide constraints on any off-hole EM conductors in the near vicinity.
Independence will integrate the results from the drilling program with existing data sets to identify priority exploration targets along the prospective Narracoota volcanic sequence. "

It's clear from this wording that more work will happen after this program, including DHEM on selected holes. It's an exciting time though imo. That's the reason I have bought in.

As for when we might hear? Dunno, but it shouldn't be too far off. It's a daily wait for me though. The experts at IGO say that there is 'considerable potential for discovery of a high-grade/tonnage copper-gold deposit.' That is one very impressive statement!!

Expand

Still no news. Must be close though.

ALY Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 14 more messages in this thread...

First 7 Last

Add ALY (ASX) to my watchlist

(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $8.247M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
13	4454489	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	917307	3

View Market Depth

No.	Vol.	Price($)
13	4454489	0.006
11	5407823	0.005
5	4348990	0.004
6	6580016	0.003
2	2500000	0.002

Price($)	Vol.	No.
0.007	917307	3
0.008	2437950	7
0.009	628311	2
0.010	5164162	9
0.012	1107000	3

Last trade - 07.02am 18/06/2024 (20 minute delay)

ALY (ASX) Chart

Day chart unavailable

Still no news. Must be close though.

Featured News

Dreadnought confirms Cu-Au, Zn-Ag gossans over 500m, hints at VMS system in WA

MiningNews Select Conference: Inflation and global shifts pose funding challenges for Aus miners

RAU all set to samba in Brazil rare earths space off successful IPO launchpad

Tamboran offers US$24-$27 per share ahead of NYSE IPO

From the Floor question: "Is lithium dead?"

Buyers (Bids)

Sellers (Offers)

Featured News

Still no news. Must be close though.

Featured News

Top Stories

Dreadnought confirms Cu-Au, Zn-Ag gossans over 500m, hints at VMS system in WA

MiningNews Select Conference: Inflation and global shifts pose funding challenges for Aus miners

RAU all set to samba in Brazil rare earths space off successful IPO launchpad

Tamboran offers US$24-$27 per share ahead of NYSE IPO

From the Floor question: "Is lithium dead?"

Buyers (Bids)

Sellers (Offers)

Featured News