Alchemy Resources Running High-Resolution UAV Magnetic Surveys at Karonie

THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) is set to run high-resolution UAV magnetic surveys at the company’s 100 per cent-owned Karonie project in Western Australia.

Alchemy Resources explained it expects the surveys will provide a better understanding of the areas defined from the recent field mapping and aid in interpreting basement geology and mineralisation trends.

Alchemy is planning to drill test these areas shortly.

To refine the targets for drill testing, Alchemy has commissioned detailed UAV magnetic geophysical surveys to be conducted over the structures to the north of the existing Taupo and KZ5 resources, Karonie east and to the south at the new greenfields Western Brown lakes target and the Gilmore trends.

Results and interpretation of the magnetics data are expected to be completed in late October.

“Concurrent with our proposed drill programs, we have engaged Pegasus Airborne Systems to complete a very detailed drone based geophysical survey over high priority areas at Karonie,” Alchemy Resources CEO James Wilson said in the company’s ASX announcement.

“I am very keen to define the structural framework that potentially hosts mineralisation north and south of the nearby Aldiss Mining Operations, which remains poorly tested by modern exploration methods.

“The geophysics will give us the detail needed to ensure our target generation is efficient and any follow-up drilling planned is as effective as possible.”