http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Tue, 12 Dec 2017 13:31:54 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Alloy Resources to boost cash for cobalt and gold ]]> http://www.proactiveinvestors.com.au/companies/news/185459/alloy-resources-to-boost-cash-for-cobalt-and-gold-185459.html Alloy Resources Ltd (ASX:AYR) recently wrapped up a survey at its Ophara Project located 50 kilometres west of Broken Hill in New South Wales.

The aim was to define potential bedrock sulphide conductors that may have Cobalt-Gold-Copper mineralisation similar to the company’s Great Goulburn Prospect and the adjacent Mutooroo and Thackaringa deposits.

Alloy is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.

The halt will remain in place until the opening of trade on Monday 16th October 2017, or earlier if an announcement is made to the market.

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Thu, 12 Oct 2017 08:54:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185459/alloy-resources-to-boost-cash-for-cobalt-and-gold-185459.html
<![CDATA[News - Alloy Resources shares rise on highest gold, cobalt results to date ]]> http://www.proactiveinvestors.com.au/companies/news/173495/alloy-resources-shares-rise-on-highest-gold-cobalt-results-to-date-173495.html Alloy Resources (ASX:AYR) has received the highest grade gold and cobalt results to date at the Ophara Project located 50 kilometres west of Broken Hill in New South Wales.

The company’s shares were last trading 9% higher intra-day, at $0.012.

The 12-hole drill program for a total of 1,208 metres was designed to define the strike and depth potential of the known cobalt-gold mineralisation at the Great Goulburn prospect.

Significant results received from the first three holes include:

- 12 metres at 0.15 % cobalt and 0.29 g/t gold from 57 metres;

- 5 metres at 0.1 % cobalt and 0.31 g/t gold from 60 metres; and

- 19 metres at 0.1 % cobalt and 0.27 g/t gold from 92 metres.

The results indicate the potential for widespread gold-cobalt mineralisation within the Great Goulbourn Project area.

Alloy now has nearly one kilometre strike of potential quartz-magnetite hosted mineralisation.

All remaining drill sample results, along with a number of rock chip samples, are expected to be received before the end of February

Early indications suggest that detailed aerial electromagnetic surveying may offer an opportunity to define new areas of cobalt-gold-copper mineralisation.

Alloy had a cash balance of circa $1.5 million at the end of the December 2016 quarter.

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Wed, 22 Feb 2017 08:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173495/alloy-resources-shares-rise-on-highest-gold-cobalt-results-to-date-173495.html
<![CDATA[News - Alloy Resources gets busy exploring near Broken Hill ]]> http://www.proactiveinvestors.com.au/companies/news/170496/alloy-resources-gets-busy-exploring-near-broken-hill-170496.html The project is in the vicinity of the world-class Broken Hill area, which is just 50 kilometres away, providing the company with access to infrastructure and a highly trained workforce.

The prospect area has limited outcrop, which mostly coincides with the known mineralisation that occurs as gossans on two small hills.

The Cobalt-Gold mineralisation is known from previous drilling to be closely associated with magnetite and pyrite at depth.

There have been six historical drill holes completed at Great Goulburn, with four intersecting significant cobalt-gold mineralisation over a wide spacing.

Alloy plans a reverse circulation program in late-January 2017.

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Thu, 15 Dec 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170496/alloy-resources-gets-busy-exploring-near-broken-hill-170496.html
<![CDATA[News - Alloy Resources Ltd heads to market ]]> http://www.proactiveinvestors.com.au/companies/news/168511/alloy-resources-ltd-heads-to-market-168511.html Alloy Resources Ltd (ASX:AYR) has been granted a trading halt by the ASX this morning, pending details of a capital raising.

The halt will remain in place until the opening of trade on Tuesday 8th November 2016, or earlier if an announcement is made to the market.

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Fri, 04 Nov 2016 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168511/alloy-resources-ltd-heads-to-market-168511.html
<![CDATA[News - Alloy Resources completes 28,000 metre drilling program ]]> http://www.proactiveinvestors.com.au/companies/news/168124/alloy-resources-completes-28000-metre-drilling-program-168124.html The 1,000 square kilometre Horse Well Joint Venture comprises Doray Minerals Ltd (ASX:DRM) (60%) and Alloy (40%) who are completing a $2 million exploration program during 2016.

The project is located 50 kilometres north of the large 240,000 ounces gold per annum Jundee Mine operated by Northern Star Resources Ltd (ASX:NST).

Alloy has received assays for the first phase of this program which saw 72 holes drilled around existing +100 ppb gold anomalies at the Crack of Dawn South and Big Kahuna areas.

The Big Kahuna drilling has confirmed a broad 1.5 kilometres x 500 metres northeast trending area of strong supergene mineralisation through the Crack of Dawn granite.

The results include:
- 4 metres at 1.34 g/t gold from 16 metres; and
- 8 metres at 0.60 g/t gold from 48 metres.

The second phase of the drilling saw a large number of holes allocated to an untested 7.5 kilometre section of the greenstone belt south of the Django prospect.

The results from the second phase will be reported once all assays are received.

The joint venture partners are targeting to delineate a 1 million ounce gold reserve to support a 100,000 ounces per annum stand-alone operation.

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Thu, 27 Oct 2016 15:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168124/alloy-resources-completes-28000-metre-drilling-program-168124.html
<![CDATA[News - Alloy Resources Ltd finishes drilling with farm-in partner Doray Minerals ]]> http://www.proactiveinvestors.com.au/companies/news/148371/alloy-resources-ltd-finishes-drilling-with-farm-in-partner-doray-minerals-69543.html Alloy Resources Ltd (ASX:AYR) has completed a drilling program at the Horse Well Gold Project in the North Eastern Goldfields of Western Australia, along with JV partner Doray Minerals Ltd (ASX:DRM).

The project is located on the northern limb of the Yandal Greenstone Belt about 50 kilometres from Northern Star Resources Ltd’s (ASX:NST) 220,000 ounces per annum Jundee Gold Mine.

A total of 25 holes for 4,738 metres drilled at the Django prospect within the Horse Well Project.

Alloy Resources’ 60:40 JV partner Doray Minerals has earned 60% in the project by spending $2 million over the last 2 years.

The partners had some encouraging gold hits in 2015 including 65 metres at 2.6 g/t gold and 16 metres at 7.2g/t gold.

The JV will now see over $2 million exploration expenditure in the 2016 calendar year, with Alloy Resources contributing its 40% share.

The JV is targeting to delineate a 1 million ounce gold reserve to support a 100,000 ounces per annum stand-alone operation.

Results will be released from the drill hole sample analysis once received and interpreted.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 01 Jul 2016 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148371/alloy-resources-ltd-finishes-drilling-with-farm-in-partner-doray-minerals-69543.html
<![CDATA[News - Alloy Resources readies for Doray exploration to commence at gold discovery in WA ]]> http://www.proactiveinvestors.com.au/companies/news/148370/alloy-resources-readies-for-doray-exploration-to-commence-at-gold-discovery-in-wa--67093.html Alloy Resources (ASX:AYR) is watching with more than a passing interest a new exploration campaign by Doray Minerals (ASX:DRM) at the Horse Well Gold Project in Western Australia which saw two gold discoveries in 2015.

The emerging project, which Doray has earned a 60% interest is located 50 kilometres north of Northern Star Resources' (ASX:NST) flagship Jundee Gold Mine, which produces 240,000 ounces of gold a year.

The partners had some very gold hits in 2015 with one of 65 metres at 2.6 g/t gold and 16 metres at 7.2g/t gold. These were not the only ones with another hole returning 22 metres at 1.4 g/t gold.

Alloy is paying its way to fund a 40% interest, so the $2 million of exploration that has kicked off the 2016 year bears worth close watching as the project is shaping up as one of the better funded emerging discoveries.

 



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 18 Feb 2016 17:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148370/alloy-resources-readies-for-doray-exploration-to-commence-at-gold-discovery-in-wa--67093.html
<![CDATA[News - Alloy Resources to reveal raising ]]> http://www.proactiveinvestors.com.au/companies/news/148369/alloy-resources-to-reveal-raising-65278.html Alloy Resources (ASX:AYR) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

LAst week shares in the company spiked following the release of gold exploration results from farm-in partner Doray Minerals (ASX:DRM).

The halt will remain in place until the opening of trade on Wednesday 28th October 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 26 Oct 2015 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148369/alloy-resources-to-reveal-raising-65278.html
<![CDATA[News - Alloy Resources is Wednesday's top ASX % Gainer intra-day ]]> http://www.proactiveinvestors.com.au/companies/news/148368/alloy-resources-is-wednesdays-top-asx-gainer-intra-day-65209.html Wednesday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume Alloy Resources AYR $0.009 80% 19,678,172 Acacia Coal AJC $0.003 50% 600,000 Ram Resources RMR $0.003 50% 435,000 Kneomedia KNM $0.023 35.29% 1,119,364 BPH Energy BPH $0.009 28.57% 300,000 PepinNini Minerals PNN $0.014 27.27% 100,000 Classic Minerals CLZ $0.005 25% 249,991 Metals of Africa MTA $0.060 17.65% 542,713 Botswana Metals BML $0.007 16.67% 100,000 Eastern Iron EFE $0.014 16.67% 182,919

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 21 Oct 2015 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148368/alloy-resources-is-wednesdays-top-asx-gainer-intra-day-65209.html
<![CDATA[News - Alloy Resources clinches $4M gold farm-in from Doray Minerals ]]> http://www.proactiveinvestors.com.au/companies/news/148367/alloy-resources-clinches-4m-gold-farm-in-from-doray-minerals--55165.html Alloy Resources (ASX:AYR) will trade higher today after securing a $4 million farm-in from Doray Minerals (ASX:DRM) to explore the Horse Well Gold Project in the north-eastern goldfields of Western Australia.

Doray is a gold mining company with the high grade, low cost Andy Well gold mining operation that commenced production in August 2013.

Exploration activity for the next 12 months now fully funded by a partner with a track record of successfully developing gold operations.

Northern Star’s recent acquisition of the 5 million ounce Jundee gold deposit 40 kilometres to the south has brought renewed focus to Yandal gold province, further reiterated by Doray's interest in Alloy.

Alloy controls 950 square kilometres of exploration tenements in the northern part of the Millrose Greenstone belt, which covers 50 strike kilometres of the belt.

A Mineral Resource of 100,000 ounces of gold has been established and over the last two years exploration has extended the prospectivity for new gold discoveries along the entire greenstone belt.

Key Terms of the agreement include a $100,000 cash payment to Alloy at commencement; $900,000 non-withdrawal expenditure within the first 12 months, with Doray to earn 60% with a further spend of $1 million within 24 months.

Doray is to manage the JV and may spend a further $2 million within 36 months of commencement to earn 80%.

Alloy at this time can elect to contribute pro rata to this $2 million and continue through to PFS or dilute to 20% using industry standard formula.

This deal unlocks the gold potential at Horse Well which remained latent due to funding restrictions.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 23 May 2014 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148367/alloy-resources-clinches-4m-gold-farm-in-from-doray-minerals--55165.html
<![CDATA[News - Alloy Resources identifies gold mineralised system in Western Australia project ]]> http://www.proactiveinvestors.com.au/companies/news/148366/alloy-resources-identifies-gold-mineralised-system-in-western-australia-project-51979.html Alloy Resources’ (ASX: AYR) ongoing independent mineralogical studies have confirmed a large gold mineralised system at the Dusk til Dawn prospect in its Horse Well Gold Project in Western Australia.

Follow up deep reverse circulation had intersected a thick mineralised zone 80 metres south of initial discovery hole.

This returned an assay of 32 metres at 1.94 grams per tonne gold from 144 metres including 12 metres at 3.56g/t gold.

Infill drilling at the Warmblood prospect has defined a 300 metre mineralised zone with ore shoot geometry indicating the zone is open to the south and at depth.

Notably, Warmblood has now being drilled to a level that allows the company to estimate a Resource.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 17 Jan 2014 15:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148366/alloy-resources-identifies-gold-mineralised-system-in-western-australia-project-51979.html
<![CDATA[News - Alloy Resources finds gold at Western Australia project ]]> http://www.proactiveinvestors.com.au/companies/news/148365/alloy-resources-finds-gold-at-western-australia-project-51810.html Alloy Resources (ASX: AYR) has identified large gold soil anomalies with strike lengths of between 350 metres and 600 metres in a new mineralised zone south of the Warmblood prospect of its Horse Well Gold Project in Western Australia.

A total of 69 samples were collected at the Warmblood South target, which extends for 7 kilometres, returning results of up to 1.96 grams per tonne gold.

This indicates the mineralised system at Warmblood extends to the south over a much larger area than originally expected.

The Horse Well Project covers the northernmost 60 strike kilometres of the Millrose Greenstone Belt, the northern arm of the Yandal-Darlot greenstone belts that host the Darlot, Mount McClure, Bronzewing and Jundee gold mines – which together contain approximately 20 million ounces of gold.

Exploration has now identified three distinct areas with strong signs of gold mineralisation.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 13 Jan 2014 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148365/alloy-resources-finds-gold-at-western-australia-project-51810.html
<![CDATA[News - Alloy Resources awaits gold assays from drilling at Horse Well in Western Australia ]]> http://www.proactiveinvestors.com.au/companies/news/148364/alloy-resources-awaits-gold-assays-from-drilling-at-horse-well-in-western-australia-48384.html Alloy Resources (ASX:AYR) has completed its reverse circulation drilling program at the Horse Well Gold Project in Western Australia.

A total of 1356 metres was drilled over seven days at the Warmblood and Dusk til Dawn prospects, 346, four metre composite samples submitted for analysis.

At Dusk til Dawn, zones of strong alteration totalling 80 metres were intersected below a previously drilled hole, exhibiting variable hydrothermal alteration throughout.

Additionally, a new area of outcropping within the sand covered Crack of Dawn area was identified during the field program, offering an immediate opportunity to complete low cost soil sampling.

Eight rock chip samples, a number of which exhibit strong alteration, have been collected from a three square kilometre area located in the south-east of the prospect.

Assay results from drilling are expected to be received in around a fortnight.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 24 Sep 2013 12:20:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148364/alloy-resources-awaits-gold-assays-from-drilling-at-horse-well-in-western-australia-48384.html
<![CDATA[News - Alloy resources drilling to test deep high grade gold mineralisation at Horse Well in WA ]]> http://www.proactiveinvestors.com.au/companies/news/148363/alloy-resources-drilling-to-test-deep-high-grade-gold-mineralisation-at-horse-well-in-wa-47914.html Alloy Resources (ASX:AYR) has commenced a four-hole reverse circulation drilling at the Horse Well Gold Project in Western Australia, following the discovery of an extensive alteration area at the Dusk til Dawn prospect.

Deep drilling at Dusk til Dawn is to test the new areas of alteration while infill drilling at Warmblood prospect over a 500 metre strike will allow a maiden resource to be calculated.

Recent drilling at Warmblood intersected high grade gold mineralisation of 22 metres at 3.8 grams per tonne gold from surface.

Alloy has also commenced analysis of aeromagnetic data to define the most prospective areas within the 30 square kilometre Crack of Dawn gold project.

Alloy is well positioned to monetise any economic discovery at Horse Well with an existing processing mill just 50 kilometres away at Wiluna.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 12 Sep 2013 13:20:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148363/alloy-resources-drilling-to-test-deep-high-grade-gold-mineralisation-at-horse-well-in-wa-47914.html
<![CDATA[News - Alloy Resources raises funds from professional and sophisticated investors ]]> http://www.proactiveinvestors.com.au/companies/news/148362/alloy-resources-raises-funds-from-professional-and-sophisticated-investors-46991.html Alloy Resources Limited (ASX:AYR) has received firm placement commitments from professional and sophisticated investors to raise around $280,000 before costs. The placement of 35 million shares was completed at $0.08 per share.

AYR is also offering up to 87,767,734 new shares via a one for four pro-rata entitlement issue to existing shareholders, on the same terms as the placement, which could raise $700,000 before costs if fully subscribed.

Proceeds from the initiatives will be used to fund the company’s exploration and evaluation programs, including a further reverse core drilling program on the exciting Warmblood and Crack of Dawntargets at the  Horse Well gold project in Western Australia.

The injection of fresh funds further progresses Alloys' viable near term production aspirations, with a processing mill located 50 kilometres away from the recent discoveries at Warmblood.

Further high grade intersections from the upcoming drilling program could provide support for the entitlement issue.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 21 Aug 2013 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148362/alloy-resources-raises-funds-from-professional-and-sophisticated-investors-46991.html
<![CDATA[News - Alloy Resources to increase cash position for WA gold quest ]]> http://www.proactiveinvestors.com.au/companies/news/148361/alloy-resources-to-increase-cash-position-for-wa-gold-quest-46869.html Alloy Resources (ASX: AYR) is focussed on gold exploration in Western Australia, with the company preparing to head to market and raise additional capital.

The ASX has granted the company a trading halt today, with its shares placed in pre-open.

Alloy is currently testing mineralisation at three prospects at the Horse Well gold project, including: shallow high-grade Warmblood trend; large mineralised alteration system at Dusk til Dawn; and regional targets at Crack of Dawn.

The company has a plan to identify shallow high-grade mineralisation for toll mining, which would have the potential in delivering near-term cash flows.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 21st August 2013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 19 Aug 2013 10:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148361/alloy-resources-to-increase-cash-position-for-wa-gold-quest-46869.html
<![CDATA[News - Alloy Resources on a gold streak in Western Australia ]]> http://www.proactiveinvestors.com.au/companies/news/148360/alloy-resources-on-a-gold-streak-in-western-australia-46665.html Alloy Resources (ASX: AYR) will trade significantly higher at the open following high grade gold reverse circulation drilling results from the company’s Horse Well Gold Project in Western Australia.

At Warmblood a 750 metre strike length has now been defined, with a resource estimation to now commence.

Recent broad near-surface results include: 22 metres at 3.72g/t gold from 10 metres.

At the Dawn and Dusk til Dawn prospect a large gold mineralised system has been confirmed, with an estimated 100 metre thick shallow dipping altered and variably mineralised zone defined by the first ever reverse circulation hole.

Gold mineralisation was intersected in a 45 metre section below weathered and leached zone, including: 4 metres at 4.96g/t gold from 124 metres, and the broader hit of 24 metres at 1.04g/t gold from 92 metres.

The Horse Well Gold Project is located about 40 kilometres north of the Jundee +2 million ounce gold deposit.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 13 Aug 2013 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148360/alloy-resources-on-a-gold-streak-in-western-australia-46665.html
<![CDATA[News - Alloy Resources identifies new gold targets at Horse Well project in WA ]]> http://www.proactiveinvestors.com.au/companies/news/148359/alloy-resources-identifies-new-gold-targets-at-horse-well-project-in-wa-45310.html Alloy Resources (ASX:AYR) has reaffirmed recently identified gold targets at its Horse Well project in Western Australia following an independent interpretation of aeromagnetic survey.

A detailed 50 metre line spaced aeromagnetic survey of the greenfields discovery at the Crack of Dawn prospect merged with historical data was interpreted by independent consultants Southern Geoscience Consultants.

The new interpretation indicated that the alteration signature that may be associated with gold mineralisation are identifiable with the consultants delineating a number of untested targets.

A total of 18 targets have been selected outside of the defined Mineral Resources, and of which 9 have been outlined as high priority. Target 2 and 6 are likely to be the initial focus for future explorations.

Future work could include low cost surface geochemical sampling using auger drilling or traverses of air-core drilling across the alteration zones.

The study of the aeromagnetic survey also showed that the Crack of Dawn had large untested targets with the northern area holding two new high priority large targets up to 4 kilometres by 1 kilometres.

It also confirmed Crack of Dawn granite as a target.

To increase its funding position, last month the company launched a share purchase plan at $0.005 to raise up to $400,000, building on the $500,000 cash position at the end of March 2013.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 08 Jul 2013 17:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148359/alloy-resources-identifies-new-gold-targets-at-horse-well-project-in-wa-45310.html
<![CDATA[News - Alloy Resources prepares reverse circulation programs for Horse Well Gold Project ]]> http://www.proactiveinvestors.com.au/companies/news/148358/alloy-resources-prepares-reverse-circulation-programs-for-horse-well-gold-project-45200.html Alloy Resources (ASX: AYR) will target gold in new reverse circulation drilling programs at the Horse Well Gold Project, which is located in the NE Goldfields of Western Australia.

The project is 50 kilometres north of the >5 million gold ounce Jundee mine, with drilling to be conducted at the Warmblood and Crack of Dawn prospects - with approvals .

At Warmblood, Alloy is targeting new gold resources through 11 holes, which follows on from results in the southern margin of this area which returned broad intersections such as 40 metres at 3.2 grams per tonne  gold, supported by high grades such as 6 metres at 5.8g/t gold.

The second target is at the Crack of Dawn and Dusk til Dawn prospects where it is planned to complete a number of deep holes to test beneath air-core drill anomalies defined in December 2012.

Horse Well currently hosts 1,054,100 tonnes at 2.91g/t gold for 98,700 ounces, with 87% in the Indicated category, and 13% Inferred.

To increase its funding position, last week the company launched a share purchase plan at $0.005 to raise up to $400,000, building on the $500,000 cash position at the end of March 2013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 04 Jul 2013 12:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148358/alloy-resources-prepares-reverse-circulation-programs-for-horse-well-gold-project-45200.html
<![CDATA[News - Alloy Resources opens share purchase plan, targets shallow oxide resources ]]> http://www.proactiveinvestors.com.au/companies/news/148357/alloy-resources-opens-share-purchase-plan-targets-shallow-oxide-resources-44747.html Alloy Resources (ASX: AYR) has also launched a share purchase plan at $0.005 to raise up to $400,000, to increase the cash position which was around $500,000 at the end of March 2013.

Alloy is currently focusing on reviewing the potential for development options at the Horse Well Project in Western Australia, which is located 50 kilometres from the Jundee Operation and 80 kilometres from Wiluna.

The Horse Well resources have characteristics that indicate shallow oxide resources - with the company to evaluate early cash flow options utilising third party processing of ore. Alloy said that discussions with third-party processing facility owners have commenced.

Horse Well currently hosts 1,054,100 tonnes at 2.91g/t gold for 98,700 ounces, with 87% in the Indicated category, and 13% Inferred.

Alloy completed studies between 2006 and 2010 to define Resources and conduct preliminary Pit Optimisation Studies and a recent internal review of this past information indicates an updated study of economics is warranted.

Furthermore, drilling at the Warmblood zone has returned solid widths and grade of gold mineralisation at shallow depths that requires a new resource calculation once planned drilling in the coming months has been completed.

The Crack of Dawn prospect is a new greenfields gold discovery where recent drilling has indicated potential for a large mineralised area.


Drilling programs

Alloy has designed two reverse circulation drilling programs at the Warmblood and Crack of Dawn prospects to test potential for new high value gold mineralisation, which will commence in late July.

At the Crack of Dawn prospect recent drilling has indicated potential for a large mineralised area, and covers a 20 square kilometre area in the north western part of the Horse Well Project

Over at Warmblood, previous results include; 8 metres at 5.7g/t gold; 16 metres at 2.7g/t gold; and 18 metres at 2.4g/t gold.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 24 Jun 2013 08:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148357/alloy-resources-opens-share-purchase-plan-targets-shallow-oxide-resources-44747.html
<![CDATA[News - Alloy Resources to drill for gold in Western Australia ]]> http://www.proactiveinvestors.com.au/companies/news/148356/alloy-resources-to-drill-for-gold-in-western-australia-44617.html Alloy Resources (ASX: AYR) has planned reverse circulation drilling programs at two prospects in Western Australia, where the company will test for new high value gold mineralisation.

Alloy has also launched a share purchase plan at $0.005 to raise up to $400,000, to increase the cash position which was around $500,000 at the end of March 2013.

The company will also evaluate early cash flow options from resources at Horse Well utilising third party processing of ore. Horse Well is located 50 kilometres from the 5 million gold ounce Jundee mine and 80 kilometres from Wiluna.

Alloy said that discussions with third-party processing facility owners have commenced.

Horse Well currently hosts 1,054,100 tonnes at 2.91g/t gold for 98,700 ounces, with 87% in the Indicated category, and 13% Inferred.


Drilling programs

Alloy has designed two reverse circulation drilling programs at the Warmblood and Crack of Dawn prospects to test potential for new high value gold mineralisation, which will commence in late July.

The Crack of Dawn prospect is a new greenfields gold discovery where recent drilling has indicated potential for a large mineralised area, and covers a 20 square kilometre area in the north western part of the Horse Well Project

Over at Warmblood, previous results include; 8 metres at 5.7g/t gold; 16 metres at 2.7g/t gold; and 18 metres at 2.4g/t gold.

 

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Wed, 19 Jun 2013 14:10:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148356/alloy-resources-to-drill-for-gold-in-western-australia-44617.html
<![CDATA[News - Alloy Resources to acquire aeromagnetic survey over Western Australia gold target ]]> http://www.proactiveinvestors.com.au/companies/news/148355/alloy-resources-to-acquire-aeromagnetic-survey-over-western-australia-gold-target-39807.html Alloy Resources (ASX: AYR) will carry out a detailed aeromagnetic survey over the Crack of Dawn prospect in Western Australia to define the extent of large gold alteration zones identified from December 2012 drilling.

Aircore drilling had returned intersections of 11.5 metres at 1.6 grams per tonne (g/t) gold from 52 metres and 4 metres at 3.1g/t gold.

The 50 metre lined spaced survey covers 90 square kilometres and is scheduled to be completed during late February. Compilation and interpretation by consultants should be completed by mid-March.

Planning is underway for drilling programs at Crack of Dawn to start in March or early April.

Targets to be tested include deep reverse circulation drilling at the Crack of Dawn and Dusk til Dawn prospects below defined alteration zones as well as regional air core drilling of alteration zones defined by detailed aeromagnetic surveying at the ‘Golden Eye’ target associated with the Crack of Dawn prospect.

Golden Eye is the central feature at Crack of Dawn. The anomaly is an oblong granite body, around which deformation appears to bend stratigraphy and be faulted by north-east structures.

This corridor of deformation trends north-south and can be seen from regional aeromagnetic images to trend southwards into a large regional granite body.

Alloy believes the Golden Eye anomaly sits in a major fault zone that extends northwards from the 5 million ounce Jundee gold deposit, indicating the potential for a large gold mineralised system in the Crack of Dawn area.

Crack of Dawn is located 15 kilometres northwest of the company’s main Horse Well gold prospects in an area of extensive surface sand cover adjacent to Lake Nabberu.

The prospect was located by Eagle Mining in the mid 1990’s following air-core drill testing of an aero-magnetic anomaly that suggested the presence of a buried granite intrusive and strong structural deformation.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 20 Feb 2013 14:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148355/alloy-resources-to-acquire-aeromagnetic-survey-over-western-australia-gold-target-39807.html
<![CDATA[News - Alloy Resources uncovers large gold system at Western Australian project ]]> http://www.proactiveinvestors.com.au/companies/news/148354/alloy-resources-uncovers-large-gold-system-at-western-australian-project-38611.html Alloy Resources (ASX: AYR) has discovered a large greenfields gold mineralised system at the Crack of Dawn Prospect within the Horse Well Project in Western Australia.

The Crack of Dawn prospect is located 15 kilometres northwest of Alloy’s main Horse Well gold prospects in an area of extensive surface sand cover adjacent to Lake Nabberu.

Recent exploration drilling has defined three large gold alteration zones, at the Crack of Dawn and Dusk til Dawn prospects, defined under desert sand cover.

At the Crack of Dawn prospect drilling intersected what has been interpreted to be a 250 metre long and 30 metre wide, open-ended mineralised alteration zone traversing the location of a historical drill hole that returned 11 metres at 3.45 grams per tonne (g/t) gold.

At the Dusk til Dawn prospect drilling as defined two zones of sheared and altered granite and metasediments, up to 1 kilometre long and 200 metres wide.

Gold mineralisation is present at 50 to 60 metres depth below deep weathering – at the end of holes.

Notable aircore drill results include:

- 11.5 metres at 1.6g/t gold from 52 metres (end of hole);
- 12 metres at 0.6g/t gold from 56 metres (end of hole);
- 4 metres at 3.1g/t gold from 68 metres (end of hole);
- 8 metres at 0.51g/t gold from 48 metres; and
- 12 metres at 1.11g/t gold from 24 metres.

Alloy completed a 42-hole aircore drill program for 2,755 metres at its Crack of Dawn and Dusk til Dawn prospects during mid-December 2012.

This program tested two drill anomalies defined by Eagle Mining in the mid-1990s which were never followed up.

While grades at this stage are anomalous rather than economic, Alloy is drilling beneath spinifex covered sand plain and there appears to be strong leaching of the gold down to the limit of aircore drilling.


Crack of Dawn

The Crack of Dawn prospect was located by Eagle Mining in the mid-1990s following aircore drill testing of an aero-magnetic anomaly that suggested the presence of a buried granite intrusive and strong structural deformation.

Alloy is continuing to review the results of drilling in a geological context.

It is likely that the next stage of exploration will require a geophysical survey method to define alteration zones and targets for deeper drilling.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China

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Wed, 23 Jan 2013 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148354/alloy-resources-uncovers-large-gold-system-at-western-australian-project-38611.html
<![CDATA[News - Alloy Resources to reveal gold drill results soon ]]> http://www.proactiveinvestors.com.au/companies/news/148353/alloy-resources-to-reveal-gold-drill-results-soon-34604.html  

Alloy Resources (ASX:AYR) has completed an initial RC drill program to test a 280 metre strike length of the Warmblood gold prospect in Western Australia. 

This is part of the company’s Horse Well project in Western Australia.  Holes were drilled up to 162 metres in depth. Etensive pyrite‐silica alteration was intersected.

Drilling was targeted under previous significant shallow air‐core drill intersections of 40 metres at 3.4 g/t gold and 32 metres at 3.9 g/t gold.

Drill samples are at the laboratory; results are expected within approximately 3 weeks.

More field exploration will occur before the end of the calendar year including a heritage survey of the Crack of Dawn area in late October.  

An infill RC/Diamond program is also planned for the Warmblood prospect – subject to positive assay results from the recent program.

Field exploration is planned to be completed between mid‐November and mid‐December this year.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forum.

 

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Wed, 17 Oct 2012 12:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148353/alloy-resources-to-reveal-gold-drill-results-soon-34604.html
<![CDATA[News - Alloy Resources increases gold footprint in Western Australian greenstone belt ]]> http://www.proactiveinvestors.com.au/companies/news/148352/alloy-resources-increases-gold-footprint-in-western-australian-greenstone-belt--33606.html Alloy Resources (ASX: AYR) is growing the size of its Horse Well gold project in Western Australia with an option to acquire an 80% interest in an exploration licence adjoining the north-western part of the project.

The Horse Well project is strategically located around 50 kilometres north of Newmont Mining's 3 million ounce Jundee Mine along a highly prospective greenstone belt.

Alloy entered into an option agreement with Phosphate Australia (ASX: POZ), under which Alloy will pay an option fee of $25,000 and have two years to meet minimum annual expenditure commitments.

Alloy has also secured new tenure through an application for Exploration Licence 69/3069, adjoining its existing controlled tenure and the Phosphate Australia tenement.

The greenstone belt that hosts 100,000 ounces of gold resources within Alloys tenements some 15 kilometres to the south, extends north-westerly through the new tenement additions.

The exploration licence covered under the option agreement with Phosphate Australia covers over 20 strike kilometres of the belt.

The Crack of Dawn prospect located in the north-west of the project area, adjacent to the new tenements, has been prioritised as an area of strong interest for future exploration.

This prospect has a number of air-core drill anomalies with intersections including 11 metres at 3.45 grams per tonne (g/t) gold from 44 metres, 5 metres at 0.23g/t gold from 48 metres, 16 metres at 0.16g/t gold from 40 metres, and 4 metres at 0.24g/t gold from 48 metres.

Alloy is currently compiling and interpreting data from the area and is planning to begin heritage surveys and infill drilling before the end of the year.


Option terms

Alloy can choose to exercise the option at any time during the two years by paying Phosphate Australia $25,000 cash and issuing $25,000 worth of shares.

The company may also withdraw at any time during the exercise period, contingent on meeting the minimum expenditure pro-rata at that time.

Alloy and Phosphate Australia will form a joint venture upon the exercise of the option, and Phosphate Australia will be free-carried to the completion of a Bankable Feasibility Study.

Phosphate Australia may then choose to contribute or dilute, and if the company’s interest falls to 5% then its interest will revert to a 1.5% net smelter royalty.


Divesting non-core asset

Alloy has inked a binding term sheet with unlisted Pacific Mineral Resources to conditionally farm-out an 80% interest in EP 51803 in New Zealand.

Pacific Mineral Resources will pay Alloy $75,000 cash or issue $200,000 worth of shares in a publicly listed entity 12 months after commencement of the Farm-in Agreement.

The farm-in period is for two years during which Pacific Mineral Resources must deliver a positive Pre-Feasibility Study (PFS).

Upon completion of the PFS, Pacific Mineral Resources will pay Alloy $75,000 cash or issue $200,000 worth of shares in a publicly listed entity, and the companies will form a joint venture.

Alloy can then either elect to contribute or reduce to a 10% interest and be free carried to completion of a Bankable Feasibility Study, after which Alloy may contribute or dilute and if the company’s interest falls to 5% then its interest will revert to a 1.5% net smelter royalty.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Wed, 19 Sep 2012 13:50:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148352/alloy-resources-increases-gold-footprint-in-western-australian-greenstone-belt--33606.html
<![CDATA[News - Alloy Resources drilling to follow up gold discovery at Horse Well ]]> http://www.proactiveinvestors.com.au/companies/news/148351/alloy-resources-drilling-to-follow-up-gold-discovery-at-horse-well-22528.html Alloy Resources (ASX: AYR) will shortly commence a reverse circulation and air-core drilling program for a total of about 4,700 metres at its Horse Well gold project in Western Australia.

Initial reverse circulation drilling and extension air-core drilling will begin over a one kilometre strike length of the Warmblood - Filly South West gold mineralised trend.

A total of 1,700 metres of reverse circulation drilling will test a 250 metre strike length of newly discovered gold mineralisation south of the Filly South West prospect, where recent air-core drilling returned strong gold intersections.

These intersections included: 16 metres at 2.19 grams per tonne (g/t) gold from 24 metres and 15 metres at 3.61 g/t gold from 60 metres.

This drilling has the potential to define a new resource adjacent to other gold deposits at the Horse Well project.

The 3,000 metres of air-core drilling will test for a continuation of the gold mineralised trend along 600 metres of strike to the north of the Filly South West prospect.

Alloy’s 100% owned gold resource at Horse Well currently stands at 1,054,100 tonnes at 2.91g/t for 98,700 ounces.

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Thu, 24 Nov 2011 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148351/alloy-resources-drilling-to-follow-up-gold-discovery-at-horse-well-22528.html
<![CDATA[News - Alloy Resources hits 16m at 2.19g/t gold in latest drilling at Horse Well project ]]> http://www.proactiveinvestors.com.au/companies/news/148350/alloy-resources-hits-16m-at-219gt-gold-in-latest-drilling-at-horse-well-project-21312.html Alloy Resources (ASX: AYR) has intersected strong gold mineralisation above 0.5 grams per tonne (g/t) gold from drilling on the Warmblood-Filly South West trend at its Horse Well project in Western Australia.

A large portion of sample assays from a 42 hole air-core drilling program for 3,157 metres have been received and highlights include:

- 16 metres at 2.19 g/t gold from 24 metres;
- 15 metres at 3.61 g/t gold from 60 metres; and
- 8 metres at 2.32 g/t gold from 68 metres.

The results indicate the previously defined Filly South West prospect extends a further 250 metres south and is likely to be the same structure as the Warmblood discovery. The Warmblood-Filly South West trend is over 800 metres in strike and open to the north and south.

Part of this drill program tested an area to the north of the recently announced Warmblood discovery where the mineralisation has been interpreted to potentially join with mineralisation at the Filly South West prospect.

The discovery drill holes at Warmblood returned key results of 32 metres at 3.9 g/t gold. Filly South West is a high grade Indicated Resource of 90,400 tonnes at 7.85 g/t for 22,800 ounces of gold.

The company is bullish about the potential for new discoveries on the Warmblood trend and is is planning initial reverse circulation drilling and additional strike extension air-core drilling for late November-early December, pending all approvals and drill contracts.

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Fri, 28 Oct 2011 10:24:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148350/alloy-resources-hits-16m-at-219gt-gold-in-latest-drilling-at-horse-well-project-21312.html
<![CDATA[News - Alloy Resources looks to raise $1m to fund gold, manganese exploration ]]> http://www.proactiveinvestors.com.au/companies/news/148349/alloy-resources-looks-to-raise-1m-to-fund-gold-manganese-exploration-20321.html Alloy Resources (ASX: AYR) has received firm placement commitments from investors to raise $1 million, which will be used to fund exploration and evaluation programs and provide working capital.

Proceeds from the placement will fund exploration and evaluation activities at Alloy’s Horse Well Gold Project and Cootamundra Manganese Project.

The placement of 40 million shares at $0.025 to professional and sophisticated investors has been made pursuant to the company’s placing facility, approved by shareholders at the general meeting held on September 9, 2011.

Alloy started a 3,500 metre air core drilling program at the Horse Well project, located in the Yilgarn greenstone belt of Western Australia, in late September.

The drilling program will test extensions to the Warmblood and Mustang prospects within Horse Well.

Drilling at the Cootamundra Project, which sits in the Lachlan Gold Belt in New South Wales, has indicated the presence of high grade manganese.

Alloy said in its June quarterly activities report that it planned to pursue land access agreements with local landowners to enable surface disturbing activities to be undertaken.

The decision to commence drilling of defined manganese prospect will occur once agreements are achieved.

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Mon, 03 Oct 2011 17:38:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148349/alloy-resources-looks-to-raise-1m-to-fund-gold-manganese-exploration-20321.html
<![CDATA[News - Alloy Resources aims to extend gold mineralisation with new drilling program at Horse Well ]]> http://www.proactiveinvestors.com.au/companies/news/148348/alloy-resources-aims-to-extend-gold-mineralisation-with-new-drilling-program-at-horse-well--19972.html Alloy Resources (ASX: AYR) has commenced a 3,500 metre air-core drilling program at its Horse Well project in Western Australia, to test extensions to the Warmblood and Mustang Prospects.

The Warmblood discovery's mineralisation is interpreted to potentially join with mineralisation at the Filly South West prospect over a 500 metres strike length.

Filly South West is a high grade Indicated Resource of 90,400 tonnes at 7.85 grams per tonne (g/t) for 22,800 ounces gold.

The Mustang prospect will also be drilled to define the geometry and extent of mineralisation over a 400 metre long area.

There is strong potential for new discoveries at Warmblood and Mustang, and the under-explored nature of geological trends adjacent to these and other prospects within the Horse Well Project area.

This program of drilling is the first phase of a planned integrated exploration program up to December.

The exploration program includes a larger air-core drill program of about 6,000 metres in November 2011 as well as an initial soil geochemical sampling program covering 10 kilometres strike south of the Warmblood discovery.

There will also be an ongoing review of all historical exploration data and generation of new targets and a due diligence review of data from holders of prospective tenements in the region.

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Fri, 23 Sep 2011 14:45:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148348/alloy-resources-aims-to-extend-gold-mineralisation-with-new-drilling-program-at-horse-well--19972.html
<![CDATA[News - Alloy Resources drilling extends gold mineralisation at Horse Well project ]]> http://www.proactiveinvestors.com.au/companies/news/148347/alloy-resources-drilling-extends-gold-mineralisation-at-horse-well-project-17327.html Alloy Resources (ASX: AYR) has received further gold assay results from a recent drilling program of 101 vertical air core holes at the Horse Well gold project, confirming strike extension to the initial line of discovery holes.

Results are from five closely spaced vertical air core drill holes located 50 metres to the south of the three air core drill holes that discovered the Wamblood Prospect at Horse Well, located in the Yandal Greenstone Belt of Western Australia.

These holes were sampled on four metre composite intervals, and the following significant results occur in two of the five holes:

- 40 metres at 3.4 grams per tonne (g/t) gold from surface (including 16 metres at 7.1 g/t gold from 24 metres); and
- 8 metres at 0.58 g/t gold from 20 metres.

The company would be encouraged by these assay results as the gold intervals have good grades in the shallow oxide zone.

Alloy said current results suggest "a sub-vertical mineralised structure with associated supergene spread of gold in the near surface weathered zone."

The company said further drilling is required to map the extent and depth of gold mineralisation at the Warmblood Prospect.

Future work will consist of follow up air core drilling to test the interpreted 500 metres strike trend of the gold mineralisation from the Warmblood Prospect northwards to the Filly South West Resource as well as extensions to the south.

Once this is completed, Alloy said angled reverse circulating drilling will be carried out to test the geometry of gold mineralisation in the oxide zone and test the depth extent into the fresh bedrock.

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Wed, 22 Jun 2011 16:42:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148347/alloy-resources-drilling-extends-gold-mineralisation-at-horse-well-project-17327.html
<![CDATA[News - Alloy Resources discovers near surface gold at Horse Well project ]]> http://www.proactiveinvestors.com.au/companies/news/148346/alloy-resources-discovers-near-surface-gold-at-horse-well-project-16988.html Alloy Resources (ASX: AYR) has made a new gold discovery near to existing gold deposits after receiving assays from an air core drilling program at the Horse Well gold project in the Yandal Greenstone Belt of Western Australia.

Three holes drilled across a quartz vein encountered visible gold from 24 metres, with this 1 metre interval returneing 17.35 grams per tonne (g/t) gold.

Highlights include:

- 8 metres at 4.4g/t gold from 12 metres (4 metre composite samples);
- 8 metres at 4.8g/t gold from 20 metres (1 metre interval samples); and
- 32 metres at 3.9g/t gold from surface (4 metre composite samples).

These preliminary assay results indicate the gold intervals have good grades in the shallow oxide zone.

The drilling program consisted of 101 holes and followed up anomalous gold intersections from previous drilling at the Mustang prospect, in other gold trends, and near the main gold deposits where there is a combined resource inventory of 1,054,100t at 2.91g/t gold for 98,700 ounces.

The nearest historical drilling is 500 metres to the north at Filly SW (90,400t at 7.85g/t gold) and there is no drilling in any other direction, so this new gold discovery is open ended and has been named the Warmblood Prospect.

Another transect of five holes spaced at 10 metres was drilled 50 metres to the south of the three hole transect with visible gold and assay results are pending.

Alloy Resources is awaiting further assay results from the remainder of the drilling program.

Future work will consist of follow up air core drilling, reverse circulating drilling into the fresh bedrock across new gold trends, and geophysical surveying to help target gold mineralised structures.

 

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Thu, 09 Jun 2011 11:17:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148346/alloy-resources-discovers-near-surface-gold-at-horse-well-project-16988.html
<![CDATA[News - Alloy Resources geophysical survey identifies manganese targets at Cootamundra ]]> http://www.proactiveinvestors.com.au/companies/news/148345/alloy-resources-geophysical-survey-identifies-manganese-targets-at-cootamundra-12286.html A detailed induced polarisation (IP) geophysical survey by Alloy Resources (ASX: AYR), to follow up on reconnaissance geological mapping and sampling at known manganese (Mn) occurrences within the Cootamundra Project, has been completed for two prospect areas.

The survey highlights continuity and depth direction of mineralisation, and tracks possible extensions of mineralised trends below alluvial cover deposits. Drill ready targets have been identified and additional areas are to be surveyed using IP methods in January 2011.

The Cootamundra Project contains several Mn occurrences where there has been historical mining and prospecting. The 133 sq km project is located 10 kilometres from Cootamundra in the Lachlan Fold Belt in New South Wales, which is a well-endowed porphyry copper gold belt.

Recent litho-logical and structural mapping together with rock chip sampling at historic mine workings and outcrops along associated mineralised trends returned some high Mn grades above 40%.

The Mn prospects are in close proximity to the town of Cootamundra and excellent road and rail infrastructure.

In addition, a detailed ground-based gradient array induced polarisation (GAIP) survey has been used in order to define potential extensions to the mineralisation and follow-up drilling targets at the Cootamundra and Cullinga prospects.

Fender Geophysics carried out the GAIP surveys. Manganese samples from the prospect areas were found to have  high chargeability (100-120ms), similar to other known Mn minerals and ores, such as those published for the Woodie Woodie Mn mine in the Pilbara region of Western Australia.

At both prospects, chargeability anomalies were detected along and adjacent to known Mn mineralised trends, and these IP anomaly trends extended into areas where alluvial cover deposits sit above the host rocks which host the Mn mineralisation.

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Fri, 03 Dec 2010 15:18:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148345/alloy-resources-geophysical-survey-identifies-manganese-targets-at-cootamundra-12286.html
<![CDATA[News - Alloy Resources boosts Horse Well gold mineral resource by 26% to 98,550ozs ]]> http://www.proactiveinvestors.com.au/companies/news/148344/alloy-resources-boosts-horse-well-gold-mineral-resource-by-26-to-98550ozs-11524.html Sydney-based Alloy Resources (ASX: AYR) has reported that the gold mineral resource at Horse Well has increased to 1,005,100t @ 3.05g/t for 98,550 ounces, representing a 26% increase on previous estimates.

The increase is attributed to the inclusion of data obtained from recent drilling programs undertaken by the company in the project area, located at the northern end of the Yandal-Millrose Greenstone belt in Western Australia.

The Yandal Belt hosts the multi-million ounce Darlot-Centenary, Bronzewing and Jundee gold mines, and Horse Well sits 50 kms to the north of the Jundee Gold Mine and 90 kms to the north of Wiluna.

The company owns 100% of the project tenement through its subsidiary Eskay Resources
Pty Ltd, and there are a number of tenements over ground surrounding the Horse Well tenement giving the company a significant land position in the Yandal-Millrose Greenstone belt.

Alloy Resources shares rose 85% to 5 cents in trading today. The company has a market capitalisation of 6.35 million and 1.48 million cash at the end of the September quarter.

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Tue, 09 Nov 2010 11:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148344/alloy-resources-boosts-horse-well-gold-mineral-resource-by-26-to-98550ozs-11524.html