THE DRILL SERGEANT: Alloy Resources (ASX: AYR), with all approvals in place, has commenced RC drilling at the company’s Ophara project located 50 kilometres west of Broken Hill in New South Wales.
Alloy Resources explained the drilling is targeting discrete bedrock EM anomalies of moderate to strong conductance defined by the recent helicopter-borne VTEM survey.
Alloy is testing its concept that the conductors are likely to represent moderate to shallowly dipping ‘stratabound’ sulphide mineralisation, which it claims is similar to the geometry and geology of mineralisation observed by drilling at the Great Goulburn prospect and also at the very large Thackaringa cobalt deposits which contain 50,000 tonnes of cobalt in a 54.9 million tonne Mineral Resource.
“The conductance of the targets is much greater than the Thackaringa deposits and the Great Gouburn prospect and drilling is required to explain the source of the targets,” Alloy Resources said in its ASX announcement.
“Five priority conductor targets have been selected for initial drill testing by nine RC drill holes.
“As depth of weathering in the area is generally 20 to 60 metres, drilling will aim to intersect the conductive body at approximately 100 metres depth.”