Alloy Resources Limited (ASX:AYR) has applied for new ground south of the company’s Horse Well Gold Project joint venture in Western Australia.
The ground has had little previous exploration.
History of new discoveries
The area is well located at the junction of the Yandal and Millrose greenstone belts.
New mineralised trends have emerged in recent times, suggesting high prospectivity for gold discoveries in this area.
The area has been named the Bronzewing North Project and comprises eight new exploration licence applications and 16 new prospecting licence applications.
It covers a total area of 114 square kilometres.
Exploration to be modelled on neighbouring success
Executive chairman Andy Viner said: “We have recently regained control of the Horse Well Gold Project Joint Venture which we believe is one of the best early-stage gold exploration properties in the Goldfields region with numerous prospects at various stages of exploration.
“We think the new Bronzewing North area enhances the potential for Alloy to make new gold discoveries with the expanded land coverage over prospective geology.
“New geological models resulting from recent discoveries by our neighbours are going to be applied throughout this region.”