Alchemy Resources Drilling New RC Program at Karonie

THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) has kicked off a new round of Reverse Circulation (RC) drilling at the company’s 100 per cent-owned Karonie gold project near Kalgoorlie in Western Australia.

Alchemy Resources indicated the drill program will include holes at targets at Gilmore, which it had identified from high-resolution magnetics and detailed mapping completed in 2021.

The program is EIS co-funded by the WA Department of Mines, Industry Regulation and Safety (DMIRS).

Other drilling at Karonie East will entail infill drilling both along strike, and at depth, of the previously encountered aircore intercepts.

A further single RC hole at the KZ5 target will test a historic untested electro-magnetic (EM) plate located along strike of the existing resource.

“We are excited to be back out at Karonie drill testing our priority targets at Gilmore where there has been no RC follow-up of mineralised intercepts since 2002,” Alchemy Resources CEO James Wilson said in the company’s ASX announcement.

“At Karonie East we are testing mineralisation at depth, following up on the success of our recent aircore program.

“At KZ5 an untested EM plate lines up with our revised interpretation of mineralisation, which could add further strike length to the resource.

“Overall, our activities are proceeding in line with our 2022 objectives, testing existing walk-up and advanced stage targets at Karonie.”

 

 

 

Email: admin@alchemyresources.com.au

 

Web: www.alchemyresources.com.au