Alchemy Resources Ltd (ASX:ALY)'s James Wilson tells Proactive that historic aircore and RC drill holes specifically targeting the 12km long Melrose magnetic anomaly (MMA) at the Yellow Mountain project in NSW have been resampled and assayed for 48 elements and the data suggests it has geochemical similarities to an Intrusive Related Gold System. They're now planning for an RC drill program to test the northern extent of the MMA.
Alchemy Resources says new data suggests Intrusive Related Gold System at Yellow Mountain
