THE DRILL SERGEANT: Alloy Resources (ASX: AYR) commenced exploration activities at the company’s Ophara cobalt-gold project located near Broken Hill in New South Wales.
Alloy Resources completed a data review and field inspection during January with an Independent Geochemist.
A surface sampling program has subsequently been designed and approved for commencement.
Alloy said the program will cover an area of approximately 60 square kilometres and will comprise conventional surface soil sampling on a 200 metre by 200 metre grid.
During the program soil mapping will be completed to enable accurate interpretation of different soil types which will assist interpretation of results.
“The program is expected to take two to three weeks to complete and a similar time for analysis,” Alloy Resources said in its ASX announcement.
“The objective of the program is to outline new drill targets for extensions and repetitions of the Great Goulburn cobalt-gold mineralisation.
“The area is regarded as highly prospective geologically as it is located between the Thackaringa project being advanced by Cobalt Blue Holdings (ASX:COB) and the Mutooroo project held by Havilah Resources (ASX:HAV) who have recently entered into a Memorandum Of Understanding.”