hermes upgraded jorc... days are counting, page-9

Have been counting a lot of days - but here's hoping there aren't too many more. Last announcement indicates results will be out soon.

"The Hermes Gold Project is the most advanced with a JORC code compliant resource. The Hermes Gold Project was originally acquired from Troy Resources NL in June 2008. Alchemy was attracted to the project by the existing JORC code compliant indicated gold resource of 1.7Mt @ 2.4g/t gold (equivalent to 131,000 ounces of gold). Metallurgical testwork on diamond core from Hermes was completed in early January 2011. The results from this work are currently being interpreted by a consulting metallurgist to enable Alchemy to undertake an updated resource and optimisation study at Hermes".

"The Wilgeena Gold Project, located 20 kilometres south of Hermes, was identified as a key exploration target in 2009. Alchemy commenced a RC and diamond drilling program in March 2010 with the aim to confirm and extend existing zones of gold mineralisation, previously explored by Plutonic Operations Ltd in 1997. In July 2010, Alchemy estimated a maiden JORC code compliant indicated resource of 659,480t @ 2.34g/t (equivalent to 49,536 ounces of gold) comprising three discrete mineralised zones. Similarly, metallurgical testwork on diamond core from Wilgeena was completed in early January 2011 and is being interpreted by a consulting metallurgist".