ALY 0.00% 0.7¢ alchemy resources limited

Ann: Alchemy Commences Drilling at Overflow, page-2

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  1. 11,557 Posts.
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    Why is this not getting attention?

    Is it because it's not about Karonie?

    I think so.

    Anyway, as per my recent posts on the other thread, Karonie may not be drilled for some time imo.

    Back to this activity. Obviously this is not virgin ground. Refer to Figure 2 for starters! The diamond drill currently being done (when did it start?) seems to of a confirmatory nature with a DHEM to follow then more geophysics before a deeper - to 600ms - diamond is drilled so as to test a known strong EM conductivity anomaly.

    It looks quite promising, but unless the current DD hits something special or different and also good then it probably won't excite the market; in fact no excitement now it seems.

    I'll have to bone up on the history here and also learn about Cobar-style mineralisation.

    It should be '3 cheers' though for ALY as this has been a long time coming; something to do on its own.
 
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