Alchemy Karoni project WA

Alchemy continues to uncover ‘large’ zone of anomalous pathfinder elements at Karonie Project, WA

Alchemy Resources (ASX:ALY) reports rock-chip results from detailed mapping and sampling over the Cherry-Hickory and Pecan prospects continue to show a ‘very large’ zone of anomalous pathfinder elements over the entire 7.3 x 1.5km zone of mapped pegmatites.

The rock chip results received were for 68 multi-element samples taken at the 100% owned Karonie Project in Western Australia.

Alchemy believes this zonation could represent a distal component proximal to the main zone of mineralisation which could occur at depth or under areas of thin surface cover.

The company reports that strong tantalum assays show ‘highly anomalous’ trends at Cherry, Hickory and Pecan with consistent grades greater than 118ppm Ta (144ppm Ta205) over a strike length of 1km.

Commenting on the results, Chief Executive Officer James Wilson said: “The detailed mapping and rock chip results have identified strong chemical zonation within the 7.3km x 1.5km target area at Cherry-Hickory-Pecan.

Infill soils have been completed and those results should help Alchemy to better understand the area, with several large areas masked by thin surface cover.

“Regional soils are also awaited and should give a much clearer picture of the battery metals potential”

Regional soils are also awaited and should give a much clearer picture of the battery metals potential at the Karonie Project. In the meantime, we’re working on permitting behind the scenes which will pave the way for a potential drill program later this year.”

The recent round of mapping identified numerous additional pegmatites with the overall mapped dimensions of the zone increasing to 7.3km x 1.5km.

Additionally, there is limited outcrop to the north end of Hickory and all of Mesquite, with many mapped pegmatites interpreted to extend under cover.

Alchemy is an Australian exploration company focused on growth through the discovery and development of gold, base metal, and battery metals within Australia.

The company has built a significant land package in the Carosue Dam – Karonie greenstone belt in the Eastern Goldfields region in Western Australia and has an 80% interest in the Lachlan/Cobar Basin Projects in New South Wales.

Alchemy also maintains its interest in the Bryah Basin Project in the gold and base ‘metal-rich’ Gascoyne region of Western Australia.

Images: Alchemy Resources Ltd
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Written By Adam Orlando Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.