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.