Alchemy Resources' (ASX: ALY) first pass rotary air blast drilling has extended Sandfire Resources' (ASX:SFR) North Robinson Range polymetallic anomaly over 15 kilometres into its Magnus target area in Western Australia.
The Magnus target lies within its Bryah Basin project, where recent drilling intersected 51 metres at 4.2 grams per tonne gold.
Alchemy's position in the Bryah Basin, is located along strike of Sandfire's high grade DeGrussa volcanogenic massive sulphide (VMS) copper-gold deposit and southeast of Horseshoe Metals’ (ASX:HOR) Horseshoe Lights copper-gold project.
Bottom of hole multi-element assays have been received and drill spoil samples tested with portable XRF and spectral mineral analysers. Results have defined a broadly anomalous polymetallic strike zone.
Additional geochemical anomalies have been identified within the prospective Narracoota sequence, with multiple horizons consistent with VMS mineralised systems.
Further systematic exploration is now planned including infill drilling and ground geophysics.
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