Alchemy Resources Maps Double Karonie Strike Length

THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) has identified additional outcropping pegmatites at the company’s 100 per cent-owned Karonie gold project located east of Kalgoorlie in Western Australia.

Alchemy Resources recently concluded mapping that identified a pegmatite cluster that has doubled the strike length at the project’s Cherry and Hickory prospects, as well as identifying multiple outcropping pegmatites at Pecan in the north.

At Cherry and Hickory pegmatites have now been defined over an area of 1.5 kilometres by 2 kilometres, doubling the previous mapped strike extent.

At the Pecan prospect, outcropping pegmatites have been identified over a strike length of 400 metres.

“The mapping has now identified a cluster of pegmatites at Karonie,” Alchemy Resources chief executive officer James Wilson said in the company’s ASX announcement.

“At Hickory and Cherry, we’ve doubled the strike length of mapped pegmatites and at Pecan we’ve discovered multiple pegmatite outcrops across a one kilometre wide area.

“We expect the infill soils will zero in on zones which sit under the thin surface cover, and this will help us plan the next steps.

“The rock-chip assays are all showing very high tenor pathfinder anomalism which plots within the highly evolved and fractionated granite chemistry, telling us that we are exploring in exactly the right spot.

“Our next steps will be the commencement of infill soils and detailed structural mapping due to start imminently to zero in on target zones for drilling later this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@alchemyresources.com.au

 

Web: www.alchemyresources.com.au