Alchemy Resources (ASX:ALY) will hit the ground running in early 2025, as it restarts soil sampling at Roe Hills early January and begins LIDAR and magnetics geophysics in mid-January.
Next year the company will also launch gold-focused drilling at the Taupo prospect.
The company today reports soil sampling has been completed for the year on its Roe Hills tenure in Western Australia with 1,500 samples taken to date over the western side of the tenure.
A further 2,400 samples remain and crews are expected to begin in the first week of January 2025. Geophysics follow-up is planned to commence in mid-January 2025 and heritage survey requests have been submitted with planned survey commencement in February, ahead of drill programs in the June quarter.
CEO James Wilson says the company has made significant strides in its exploration activities at Roe Hills.
“The soils program is already 30% complete and will provide valuable insights into lithium anomalies. These findings will be combined with upcoming geophysical survey data commencing in early January 2025, allowing us to refine drill targets for our 2025 exploration campaign,” Wilson says.
“At the same time, our gold exploration at Karonie continues, with reverse circulation drilling results indicating broad, low-grade mineralisation at the Monty prospect, south of the Parmelia resource.
“Importantly, the results highlight mineralisation is continuous along strike from our Parmelia Resource, following the prospective structure that is responsible for the majority of the gold deposits in the Aldiss area. Numerous anomalies occur along this structure stretching from Parmelia in the north to K4 in the south over a 4km strike extent.
“This highlights the continued prospectivity yet to be tested. Additionally, drilling plans are progressing for targets along the strike of the Taupo resource, situated north of the Aldiss Mining operations along the same structural trend.”
Write to Adam Orlando at Mining.com.au
Images: Alchemy
