maiden jorc

Hi Guys,

Emailed M.H last week and as always got a prompt and informative reply regarding the maiden jorc cert. As follows :

"We have been working on a JORC resource estimate for Wilgeena.

Simon Coxhell, a consultant geologist has been hired to do the work required to estimate and sign off on a JORC gold resource.

He is close to completing this work and is meeting us tomorrow.



Once we have advised the market on the Wilgeena resource we will then re-estimate the resource at Hermes.

Wilgeena has a small non-JORC code compliant gold resource determined by Barrick when they were in a JV with Troy Resources between 2004-2008.

We reported this in a previous ASX announcement.



I expect to report the JORC resource estimate within days of receiving the sign off for the JORC resource from Simon Coxhell.

I am unable to determine when Simon will provide his sign off as he needs to independently confirm all technical information comprising the resource estimate."


And on the share price :

"The share price has steadily dropped over the last 7 weeks.

The fall in share price began following the combined Super Profits tax announcement on 2 May and the Hermes RC drilling results reported to the ASX on 3 May. Alchemy currently has an RC rig drilling at our Three Rivers Project and we expect to provide information to the market over the next few weeks on assay results as they become available from the assay lab."



So I am guessing Jorc out not this week but next and hopefully the 40,000 ounces or more....

And am still a firm believer of a copper strike....

All the best

Pete