I'd go as far as "extremely impressed" and with more results...

I'd go as far as "extremely impressed" and with more results pending, we may well be onto a winner - after all this time!

"Shallow drill testing of copper-gold targets

Shallow drill testing of two strike-extensive targets in the eastern and central Magnus VMS target zone directly along strike to Sandfire Resources’ +7 kilometre long, multi-element North Robinson Range Anomaly.

(Figure 1) has recently been completed. The approximately 10,000 metre broad-space drilling program tested priority areas within the prospective Narracoota sequence and contact zone with the overlying Ravelstonesequence (see ASX announcement dated 2 August 2013).

Acquisition of 4 metre-composite gold and bottom-of-hole multi-element assays, as well as recording of base metal readings using a portable XRF and ASD spectra on each metre drilled, continued during drilling and is nearing completion. Receipt of the final assay data is imminent and form part of the data sets being currently integrated across the Magnus target zone.

The drilling aimed to identify secondary/oxide copper-gold anomalism within the lower weathered profile that will allow better delineation of primary sulphide targets to be tested by deeper RC drilling. Compilation of the assay data, base metal readings and mineral species data obtained on the drill spoil with geological logging will assist vectoring towards the VMS prospective horizons and identification of primary sulphide targets throughout the strike-extensive target zones.

The drill testing of the targets forms part of Alchemy’s R&D plan to apply innovative technology in order to develop effective exploration methods for copper-gold mineralisation not detected or resolved by previous geophysical surveys.

Alchemy remains committed to thoroughly and systematically exploring the Bryah Basin Project area for both copper–gold mineralisation and ‘gold only’ mineralised systems, as the potential reward for success is significant."