ALY 0.00% 0.7¢ alchemy resources limited

Be warned. Drilling is strongly progressing, has been for a...

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    Be warned. Drilling is strongly progressing, has been for a while.
    Quote Wallstret J, "But the most intriguing guessing game is whether Talisman and Alchemy -- which have adjoining tenements -- share an extension of the formation, called a volcanogic massive sulphide (VMS).

    Talisman, which boasts former Jubilee Nickel boss Kerry Harmanis as a major holder, last week started reverse-circulation drilling at its Springfield project, 5km east of DeGrussa. "It is anticipated that positive results from any of these targets will result in the immediate commencement of a second phase of follow-up drilling," it said. Alchemy, meanwhile also plans a drilling blitz based unashamedly on the "nearism" concept. Or in management's words: "Strong geological conditions suggest the potential to host De Grussa repeats."
    Alchemy's presentation -- wittily dubbed The Next Chapter in the Life of Bryah -- outlines an "aggressive" drilling program at its abutting Magnus ground. Alchemy this month raised $5m in a share placement to turn the vision into actual holes.
    This is in a wonderful line of potential.Remember VMS VMS VMS. DYOR GL
 
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