Alchemy Resources Kicks Off Lake Rebecca Lithium Hunt

THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) is the latest company to join the ranks of the ‘we’re not going to miss out if there’s a sniff of lithium’ companies by commencing lithium exploration programs on its Lake Rebecca projects in Western Australia.

Alchemy Resources is currently progressing project wide soil geochemistry programs, which it expects to have finished by the end of November 2023.

The soil geochemistry comes on the heels of recent field reconnaissance undertaken by Alchemy as well as a detailed geochemical review of lithium prospectivity that led to a decision to conduct regional soil sampling to assess the potential of all project areas at Lake Rebecca.

It is not surprising exploration for lithium has not been historically carried out, with the majority of the tenure having only ever been explored for gold, due mainly to its proximity to areas of gold production.

Previous soil sampling carried out by Alchemy on the southern areas at Middle Tank prospect identified lithium in soils anomalism.

“Alchemy was very encouraged by the first round of soil sampling at Middle Tank prospect, so the decision was made to cover the rest of Lake Rebecca to assess the lithium potential,” Alchemy Resources CEO James Wilson said in the company’s ASX announcement.

“The regional soils program will give us a broad picture of lithium anomalism and will help generate targets for our 2024 exploration campaign.

“We are excited to have boots on the ground with the soil sampling well underway at Lake Rebecca.

“At the same time we are preparing to test our Karonie lithium caesium tantalum (LCT) Pegmatite targets and hope to commence drilling in early December 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE