ALY 0.00% 0.7¢ alchemy resources limited

NST No.1 holder (In a micro)?, page-145

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    This is an extract from the ALY March QAR

    IGO further advises that the majority of exploration on the tenements to date has focussed on the KaralundiNarracoota contact zone. There is increasing evidence to suggest that other zones within the Bryah Basin Project area, particularly those stratigraphically deeper within the Karalundi sequence, are also highly prospective for VMS-style mineralisation. Structural interpretation of these areas will be undertaken in the June 2016 Quarter, prior to commencement of aircore drilling of selected targets planned for the September 2016 Quarter.

    In addition, IGO advise that a detailed ground gravity survey will be acquired in the Reefer Well area (Figure 1) in the June 2016 Quarter, to extend the coverage of regional gravity data acquired across the Bryah Basin Project area.

    I don't expect the June QAR to say any more than what was forecast, but you never know ....
 
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