ALY 0.00% 0.7¢ alchemy resources limited

trades, page-7

  1. 11,557 Posts.
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    There has been no news about drilling commencement in NSW. This is from the last QAR 27/7, but with my pinking:

    'Proposed Near-Term Exploration Activities
    A priority RC-diamond drilling program targeting up and down-plunge positions of the mineralisation zones at the Overflow mining centre is planned to commence in the September 2016 Quarter, subject to completion of landholder access agreements and statutory approvals. Alchemy has identified additional high-grade gold and base metal targets at the Overflow and Eurow project areas and is planning initial field reconnaissance of identified targets in the second half of 2016. Initial geophysical and geochemical surveys will then be carried out to determine the potential for high-value discoveries within these target areas. Alchemy is continuing review and interpretation of historic exploration information from the Girilambone project area with systematic exploration targeting Tritton/Collerina-style copper-gold mineralisation planned.'

    I would hope, and expect, that HQ would have a policy of advising the market of the date of commencement of drilling; so, if that is the case, the access agreements and approvals may not have been completed yet.
    OR
    The company does not have such a policy and has started drilling already.

    My money would be on the bet that it does have a policy, meaning no drilling yet.
 
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