ALY 0.00% 0.7¢ alchemy resources limited

Ann: Successful completion of first-pass drilling at Karonie, page-7

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  1. 11,557 Posts.
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    It was a fluky find pfuzzy.

    All I did in order to maybe answer Mr Dithers (from the Blondie comic strip of way back - he was Bagwood Bumstead's boss) aka stash's question was google 'gold near basalt' - or something like that - and up came this link. It was a very pleasant surprise to open and then read it. It was a real benefit to me and others might like it too I thought.

    The serendipitous part was the reference to the Golden Mile. Tom Sanders, the CEO of Breaker Resources, has a hunch (may be stronger than that though) that Lake Roe just to the north of Karonie might host something akin to the Golden Mile. That's a big call I know, but he does express some excitement about what might be below.

    The presence of lamprophyre could be a sign!!

    This last ann here does say this about the Claypan fault: Fieldwork and multi-element data evaluations completed during the drilling program identified some excellent drill targets for gold mineralisation over the Claypan fault, and we have already started preparations for drilling across this highly prospective structure.”

    What's the Claypan fault site?

    This is an extract from ALY's website:

    The Karonie Project contains mineralised splays off the regional-scale Keith-Kilkenny shear zone and the Claypan fault zone which is located directly along strike from Breaker Resources (ASX: BRB) Lake Roe Project (Fig. 1) where RC drilling over a 4.4km strike at Bombora-Crescent continues to return high-grade gold assays including 39m @ 3.22g/t Au (ref. Breaker Resources ASX Announcement dated 19 December 2016).

    Golden Mile =Lake Roe??????

    ALY's Claypan area is part of the Lake Roe system??????????
 
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