Below is from the last quarterly report, rather ambiguous still...

Below is from the last quarterly report, rather ambiguous still regarding the actual JORC upgrade release date but some news is due re metalurgical test work..

Metallurgical test work undertaken on oxide core material obtained from a diamond drill program in August 2010 from the Hawkeye and Trapper resource areas was received in early January 2011 and is being interpreted by a consulting metallurgist. Results and analysis of the metallurgical testwork will be reported in the March 2011 quarter.
The current Indicated Resource of 1.7Mt @ 2.4g/t gold (equivalent to 131,000 ounces of gold) for the Hermes gold project was estimated in 1998 when the gold price was US$550/oz.
The drilling undertaken by Alchemy in 2009 and 2010, along with the results of recently received metallurgical test work, will be utilised to re-estimate gold resources at the Hermes project.

GL to all, still keeping the faith but I hate looking at this sucker in my portfolio atm, would love some good news... >:-/