ALY alchemy resources limited

ASX Announcement 3 May 2010Strong drilling results highlight...

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    ASX Announcement 3 May 2010
    Strong drilling results highlight growing potential of Hermes Gold Project
    55m @ 2.17g/t gold from 1m intersected at Trapper Deposit infill drilling

    Drilling intersects mineralisation over substantial widths and robust grades, providing foundations for a resource upgrade

    Results confirm the continuity and extent of the flagship Trapper deposit at Hermes, with intersections including:
    o
    55m @ 2.17g/t gold (including 3m @ 10.70g/t gold and 4m @ 8.03g/t gold)
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    22m @ 4.10g/t gold (including 1m @ 36.00g/t gold)
    o
    28m @ 2.60g/t gold

    Drilling extends the known zones of primary mineralisation at the Winchester, Trapper West and Blake prospects, with the new zones remaining open along strike and at depth. These results include:
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    14m @ 2.62g/t gold (including 1m @ 19.45g/t gold)
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    20m @ 1.50g/t gold
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    3m @ 10.80g/t gold (including 1m @ 31.70g/t gold)
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    6m @ 4.54g/t gold
    o
    7m @ 3.32g/t gold (including 1m @ 17.15g/t gold)

    Additional extensional drilling to the west, south‐east and north‐east of the current resource identifies high priority target areas for further exploration drilling
 
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