Alloy Resources Working to Identify New Targets at Ophara

THE DRILL SERGEANT: Alloy Resources (ASX: AYR) reported from continued exploration at the company’s Ophara project located 50 kilometres west of Broken Hill in New South Wales.

Alloy Resources said results from recent RC drilling and historical data compilation had indicated the potential for widespread gold-cobalt mineralisation within the Great Goulbourn project area.

“The company believes that the Great Goulburn prospect has only advanced as a prospect because of some limited areas of outcrop of mineralisation that has been obvious to early explorers,” Alloy Resources said in its ASX announcement.

Alloy Resources explained it was now conducting field checking of GEOTEM anomalies before it makes any decision to complete new EM surveying.

“Satellite photography indicates that many of the interpreted anomalies are in largely unexplored areas and may be suitable for rock chip and/or soil sampling,” “Alloy said.

“Following this field work, the company expects to be able to define priority targets for continued exploration, including RAB and RC drill testing.”

Email: info@alloyres.com

Website: www.alloyres.com