Ann: Cobar Basin Drilling Results, page-3

I had the feeling that this little programme was more of a punt than one that had a decent expectation of mineralisation.

"Rosedale Prospect

The RC drilling at Rosedale is targeting the down plunge extensions of various historic drill intercepts ............Three shallow holes will be drilled on lines 40m apart targeting the projected down plunge extension of previously identified gold mineralisation for a total metreage of ~150m.

Black Range Tank Prospect

The RC drilling at Black Range Tank is targeting Hera / Overflow style gold and base metal mineralisation associated with a large insufficiently tested VTEM conductivity high, MLEM conductivity high, coincident gold/base metal soil anomalism, and gossan rock chip values ,,,,,,,,,,,,,,,,, Previous RC drilling by Delta Gold Exploration Pty Ltd in 1996 at the prospect was drilled towards the west, and subsequently may have missed the interpreted conductive gossan unit. Alchemy is drilling two east oriented RC holes on lines 100m apart down dip of the interpreted moderately west dipping gossan for a total metreage of ~330m."

The main artillery will be targeting Overflow when the Native Title gets sorted out. That's when the luck might turn for Alchemy!