Menu

Australian Shares is the world's biggest free online database of information on Australian resource companies.

Time to Update your company profile
Australian Shares

ALCHEMY RESOURCES LIMITED

ASX: ALY

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Alchemy ASX: ALY is a precious metals exploration company listed on the ASX that is actively exploring two key areas – the Bryah Basin Project and the Murchison Project – in Western Australia

Bryah Basin Project

  • Comprises over 45 kilometres strike length of prospective Narracoota volcano-sedimentary sequence in the Bryah Basin
  • Exploration confirms that the Bryah Basin Project area is highly prospective for the discovery of copper – gold mineralised systems
  • Over 70 targets identified through the interpretation of geological, geophysical and geochemical anomalies, including VTEM anomalies within the Narracoota sequence
  • Drill testing of multiple geochemical targets underway as well as ground geophysical surveys of selected anomalies to better define targets prior to drill testing
  • Contains the Hermes and Wilgeena gold deposits with Indicated Resources totalling 4.7Mt @ 2.0 g/t Au (equivalent to 0.3Moz of gold)
  • Extensional drilling confirms depth continuity and indicates potential to add to resources at depth at Hermes and Wilgeena
  • Metallurgical test-work indicates oxide ore amenable to treatment in a conventional plant with gold recoveries over 90% and a high proportion of coarse gold that could be recovered by gravity concentration
  • High quality exploration portfolio with excellent resource growth potential
  • Murchison Project

    • Proprietary GOCAD® 3D geological model for northern Murchison district identifies multiple target areas for gold mineralisation
    • Drilling delineates key gold prospects in the Jeffery Well, Big Bell North and Wydgee project areas
    • Re-assessment of Wydgee, Big Bell North, Jeffery Well and Ninden Hill projects highlights base metal prospectivity of these area

    Mine For

    gold, copper

    Location of operation(s)

    Western Australia

    Australian Basins

    Bryah

    Address

    Suite 8, 8 Clive Street
    WEST PERTH, WA, AUSTRALIA. 6005

    Phone

    (08) 9481 4400

    Email

    Website


    Last Updated

    5/07/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.