My thoughts/hopes are with the flight to gold placing a floor...

My thoughts/hopes are with the flight to gold placing a floor somewhere near here for the value of Hermes as i suspect the SFR nearology is no longer priced in.
If market wobbles continue with gold heading futher north then so too does the value of the JORC 0.131M OZ's at Hermes with upgrade in near term.

Good luck to all holders and others, DCOB.

I re-read for comfort/sanity sake.

Drilling intersects mineralisation over substantial widths and robust grades, providing foundations for a resource upgrade

Results confirm the continuity and extent of the flagship Trapper deposit at Hermes, with intersections including:
o
55m @ 2.17g/t gold (including 3m @ 10.70g/t gold and 4m @ 8.03g/t gold)
o
22m @ 4.10g/t gold (including 1m @ 36.00g/t gold)
o
28m @ 2.60g/t gold

Drilling extends the known zones of primary mineralisation at the Winchester, Trapper West and Blake prospects, with the new zones remaining open along strike and at depth. These results include:
o
14m @ 2.62g/t gold (including 1m @ 19.45g/t gold)
o
20m @ 1.50g/t gold
o
3m @ 10.80g/t gold (including 1m @ 31.70g/t gold)
o
6m @ 4.54g/t gold
o
7m @ 3.32g/t gold (including 1m @ 17.15g/t gold)

Additional extensional drilling to the west, south‐east and north‐east of the current resource identifies high priority target areas for further exploration drilling
Alchemy Resources Limited (Alchemy or the Company) (ASX Code: ALY) is pleased to announce that numerous high‐grade assay results from recent drilling at its Hermes Gold Project in Western Australia indicate that the area hosts a series of zones of gold mineralisation.
The infill drilling has confirmed the continuity of mineralisation at Hermes flagship Trapper deposit, extended the parameters of the known mineralisation in other areas and identified targets for further exploration drilling.
The results will also be used to underpin a re‐estimation of the existing 131,000 ounce JORC code‐compliant indicated resource at Hermes.
Alchemy Managing Director Mike Hannington said Hermes is emerging as a series of mineralised zones extending over 2.2 kilometres (Fig. 2).
These results highlight both the value of the known mineralisation at Hermes as well as the enormous potential to grow the resource base extensively, Mr Hannington said.