Sign up Australia
Proactive Investors - Run By Investors For Investors

Alloy Resources readies for Doray exploration to commence at gold discovery in WA

Alloy Resources readies for Doray exploration to commence at gold discovery in WA

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.





Register here to be notified of future AYR Company articles
View full AYR profile View Profile

Alloy Resources Ltd Timeline

Newswire
November 04 2016
Newswire
October 26 2015

Related Articles

Gold Road Resources' Ian Murray with investors at Proactive's CEO Sessions
October 06 2017
Ian Murray discussed gold exploration plans with investors at Proactive's CEO Sessions.
picture of miners
September 04 2017
In August, the Aussie-listed group said production to June 2018 should be between 80,000-90,000 ounces of gold.
1511347932_gold_bars,_sized.png
November 22 2017
Scotgold's rights issue will go a long way towards bringing in the funds to get Cononish into production

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use