Alloy Resources Commences Copper-Gold Targeted Drilling

THE DRILL SERGEANT: Alloy Resources (ASX: AYR) has kicked off aircore drilling of targets identified from extensional soil and rock chip sampling programs at the company’s Ophara cobalt-gold project in New South Wales.

Alloy Resources conducted the extensional soil sampling program within a seven square kilometre area surrounding the known Great Goulburn cobalt-gold prospect with the aim to assess new areas in the central eastern part of the project where outcropping hills with prospective geology was present.

Rock chip sampling was conducted over these areas as well as in the new eastern sampling area where a small historical shaft working was located.

Alloy reported the rock chip assays confirmed coincident anomalous cobalt-gold and copper at these areas and a small 2,500 metre program of air-core drilling has been designed to test four of the targets.

Drilling commenced last weekend as is progressing at approximately 300 metres per day while further infill soil sampling is being completed at the same time as the drilling.

“Field work is progressing well with two phases of soil sampling and then field checking and rock chip sampling enabling a logical definition of drill targets,” Alloy Resources executive chairman Andy Viner said in the company’s announcement to the Australian Securities Exchange.

“If we can confirm cobalt-gold-copper mineralisation by air-core drilling of these targets then it will open up huge potential on the other soil anomalies that do not have any surface expression.

“The newly located historical workings may also be opening up a different copper-rich mineralised area which is also very encouraging.”