time to pull out the drill rigs

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specgoldbug

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26/07/16

20:39

Post #: 18371995
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Originally posted by Shady Merv ↑

Thanks staffandkit

Here it is:

Alchemy Resources (Jindalee 7.6% of issued capital)
Jindalee holds a significant equity interest in Alchemy Resources (ASX: ALY). This provides
shareholders with exposure to Alchemy’s rapidly expanding portfolio of projects, including Alchemy’s
existing Gascoyne region gold and copper‐gold projects, the newly acquired Karonie gold project in
WA and the recently announced joint venture with Heron Resources over a group of gold and base
metal prospective properties in central NSW.

Alchemy’s Bryah Basin copper project is located to the west of Sandfire Resources’ Doolgunna
project and covers the extensions of the Narracoota Volcanics, the unit which hosts Sandfire’s high
grade DeGrussa copper‐gold mine. Independence Group (ASX: IGO), a well‐regarded and successful
nickel, base metal and gold producer and explorer is farming into Alchemy’s base metal‐prospective
Bryah Basin tenements. Alchemy also has a joint venture agreement in place with Northern Star
Resources (ASX: NST), under the terms of which NST is responsible for the ongoing exploration of the
remaining Gascoyne project tenements, not covered by the pre‐existing joint venture with IGO. This
joint venture includes a number of existing gold prospects and occurrences, as well as other areas
considered prospective for the discovery of further gold deposits.
The Karonie acquisition abuts Salt Lake Mining’s 0.5Moz Aldiss project tenements and features
several prospects where previous drilling, mostly by Integra Mining, has returned significant bedrock
gold intersections.
The joint venture agreement with Heron Resources includes six Exploration Licences covering a
combined 674km². The most advanced project is the Overflow project in the Cobar district, where
walk up gold drill targets have been identified.

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time to pull out the drill rigs

ALY Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $7.068M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.6¢	$6.06K	882.5K

Buyers (Bids)

No.	Vol.	Price($)
1	500000	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	926131	4

View Market Depth

No.	Vol.	Price($)
1	204000	0.013
6	1534407	0.012
3	1018000	0.011
4	1300000	0.010
1	100000	0.008

Price($)	Vol.	No.
0.014	431766	2
0.015	328000	2
0.016	492086	4
0.017	401126	3
0.019	196092	2

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time to pull out the drill rigs

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