I think that these are some of the salient points as regards...

I think that these are some of the salient points as regards Alchemy's Claypan shear/fault prospects;

1. The geological location of Breaker's Bombora gold as per these 2 maps.




Note in particular the relative closeness of the 2 shears, claypan on the east and keith-kilkenny on the west. Tom Sanders of BRB has said at least once (I was there when he said it at the Gold Coast RRS Conf last May) that the closeness of the 2 shears at that point is probably a big factor in having an accumulation of gold there. In fact, this extract from the last report's JORC Table sort of says this:

Geology Deposit type, geological setting and style of mineralisation. ​

BRB is targeting Archean orogenic gold mineralisation near major faults. Gold is associated with subsidiary faults of the Claypan Shear Zone and occurs preferentially in the Fe-rich part of a fractionated dolerite in an area of shallow (5m to 20m) transported cover. The dolerite is folded into a domal geometry between two major shear zones (“domain” boundaries) that converge and bend in the vicinity of the project. The main exploration target is high-grade lode, stockwork, disseminated and quartz vein gold mineralisation hosted by different phases of the fractionated ​

2. Compare those 2 maps with this one from the Nov 17 ALY preso.



Unlike BRB's Bombora, ALY's Manhatten is in an area where the 2 shears are not close, relatively speaking anyway.

3. Is Tom Sanders' reckoning about the closeness of the 2 shears at Bombora being a big factor correct? But even if it is, is another something at Manhatten that has made it a collection point for gold mineralisation?

4. The exploration history pre-BRB was quite limited. This is from the last report (J Table). BRB is certainly taking this a lot further than its predecessors, and to the extent that it's virtually in virgin ground. It could be a hidden monster!

Exploration done by other parties
Historical holders of the Project area include Poseidon Gold, WMC, Mt Kersey Mining and Great Gold Mines. Vertical rotary air blast and aircore drilling undertaken in the period 1991 to 1998 identified a zone of strong gold anomalism that extends over a potential distance of 4km under thin (5-10m) cover (maximum grade of 4m at 0.71g/t Au). Although the prospectivity of the trend was recognised by previous explorers, rigorous anomaly definition and appropriate follow-up of encouraging results did not occur, apparently due to “non-geological” factors, including inconvenient tenement boundaries at the time of exploration and changes in company priorities and market conditions.
5. So what's the history for ALY's claypan area?

These are 2 separate extracts from the 6/4/17 ann.

# Five (new) exploration licence applications (530km2) cover the under-explored, gold endowed Claypan Fault along strike to the south of the Bombora deposit (Breaker Resources NL ASX:BRB), and the fertile Aldiss Fault that hosts the Terra and Roe 1 mineralisation (Kairos Minerals Ltd ASX:KAI).

# Open file data compilation work by Alchemy has confirmed that no drilling and limited effective soil sampling has been completed over the strip of greenstones and corresponding highly prospective Claypan Fault within the north-eastern part of the project area.