Alloy Resources Drilling at Ophara Cobalt Project
THE DRILL SERGEANT: Alloy Resources (ASX: AYR) has commenced an RC drill program at the company’s Ophara cobalt project, located 50 kilometres west of Broken Hill in New South Wales.
Alloy Resources also recently made application for a contiguous Exploration Licence of 58 square kilometres at the south of the project, which the company said covers similar geology and is largely unexplored.
The company has designed a 12 hole RC drill program to define the strike and depth potential of the known cobalt-gold mineralisation at the Great Goulburn prospect.
Alloy declared the Cobalt-Gold mineralisation is known from limited previous drilling and is associated with magnetite and pyrite at depth.
The company hopes the upcoming drilling will confirm and refine this relationship.
Both magnetic and electromagnetic anomalies associated with cobalt-gold mineralisation have been defined by previous ground surveys.
Holes will be surveyed by down hole geophysical methods; which Alloy expects will provide information to guide future regional geophysical exploration.
Alloy anticipates the program to take eight days to complete with results of sample analysis expected to take a further three to four weeks to be received.
“There have been six historical drill holes completed at Great Goulburn, and four intersected significant cobalt-gold mineralisation over a wide spacing,” Alloy Resources said in its ASX announcement.
“The company has designed an RC drill program which will complement this previous drilling and aims to better define the mineralisation over approximately a one kilometre strike.
“Some of the planned holes will also seek to explain the nature of extensive gossanous quartz veined structures with anomalous rock chip samples that have not previously been tested by drilling.”
Email: info@alloyres.com
Website: www.alloyres.com