Alchemy Resources releases maiden nickel-cobalt resource for West Lynn
The West Lynn project forms part of the Heron Resources farm-in agreement where the company has earned 51%.
Company
ASX:ALY
Alchemy Resources Limited is an Australian gold, base metal, and nickel-cobalt exploration company focused on growth through the development of high quality exploration projects within Australia. The company's vision is to build a portfolio of quality mineral resources through innovative exploration and strategic acquisition, with the aim of realising value to shareholders through the mining or sale of mineral discoveries.
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The West Lynn project forms part of the Heron Resources farm-in agreement where the company has earned 51%.
Investments and investor services
FEL chairman Tony Sage shares the excitement of Sandfire Resources in WA’s prolific Bryah Basin owing to FEL's significant interest.
The company has a free carried 20% interest in a number of prospects in the highly prolific copper-gold region.
The company is aiming to complete the nickel-cobalt-alumina resource estimation and preliminary metallurgical work early in 2019.
The prospect is 65 kilometres from the Plutonic Gold Mine and is a potential source of ore for the 100,000-ounce gold operation.
Chairman Tony Sage says the company shares the excitement of Sandfire Resources in the prolific Bryah Basin.
Stock has increased to 2.3 cents following recent encouraging news from DRC and Western Australia.
A targeted drilling program is planned to further investigate previous copper results and to follow up on new cobalt results.
Sandfire Resources has extended its base metals farm-in rights through an agreement with Alchemy Resources.
The program is expected to be complete in two weeks and final assay results are due in October.
Drilling intersected narrow zones of sulphide and supergene copper mineralisation.
Sandfire Resources is involved in a farm-in with Auris Minerals and Fe Limited.
Soil sampling results have changed Fe's focus to cobalt.
Drilling within the historic Overflow gold and base metal mine.
Clancy Exploration Ltd is Monday's ASX Most Traded with 207 million.
Current share price of White Cliff Minerals? 7/10th of one cent.Share price target White Cliff Minerals? Potentially priceless.