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Alchemy Resources uses right ingredients to complete regional reconnaissance exploration at Lake Rebecca project

Alchemy Resources (ASX:ALY) reports it has completed first pass, project wide regional reconnaissance exploration at its 100% owned Lake Rebecca project in Western Australia (WA).  

The Australian gold, base metal, and nickel-cobalt extraction company reports  reconnaissance was undertaken throughout the ‘Goldilocks Zone’, which is considered prospective for lithium (Li2O) mineralisation. 

It is also reported that the company has also received results from a targeting review conducted by geological consultancy company Lithify on the tenement package. 

Results from the targeting review demonstrated that the Lake Rebecca project is a ‘highly prospective’ tenement that has regional scale flexures on both the Keith Kilkenny and Claypan shear zones. 

The project is also considered prospective due to its proximity to nearby large scale 1 million ounce gold deposits.      

Commenting on the commencement of exploration, Alchemy Resources Chief Executive Officer (CEO) James Wilson says: “This review is a great outcome and highlights the prospectivity of the Lake Rebecca tenements. Targets in the north of Lake Rebecca have never been explored for lithium and have had very little exploration of any kind historically. 

“This review is a great outcome and highlights the prospectivity of the Lake Rebecca tenements”

Near term we are looking forward to conducting further reconnaissance exploration to determine if the numerous granite bodies and mapped pegmatites and other felsic dykes in the region display fertile chemistry for lithium-caesium-tantalum mineralisation. We aim to piggyback our gold exploration in tandem with this work. 

The structural review reaffirms the exceptional prospectivity of our large tenement package for LCT mineralisation at Lake Rebecca in what has historically only ever seen gold and base metals exploration.”

Alchemy Resources also notes that the review focused on generating “camp scale” prospective areas for follow-up based on structural and lithological criteria. 

Over 7 target areas for lithium exploration and 5 target areas for gold exploration are reported to have been defined by the study. 

Meanwhile, reconnaissance work also discovered the existence of pegmatites and granite dykes in the region, however these discoveries require additional mapping and follow-up. 

Alchemy

In addition, the combined lithium targets from both the Lake Rebecca and Karonie deposits represent over 160km of semi-contiguous strike that cover over 1,700km-square of highly strategic tenure. 

Alchemy Resources is an Australian exploration company that is focused on growth through the discovery and development of gold, base metal and batter metals within Australia. The company’s Lake Rebecca project is located in Western Australia’s Eastern Goldfields and comprises 7 granted exploration licences and 3 applications that cover a total land area of 570km-square. 

The project is located about 100km east of the township Kalgoorlie within a highly prospective geological setting, covering greenstones, numerous internal granites and known bearing structures. 

With first pass, project wide regional reconnaissance exploration at the project now complete, Alchemy Resources announces it is progressing with access agreements with the Natrive Title Groups to enable access into the areas around the northern tenements. 

Additional reconnaissance mapping and sampling of lithium and gold targets is also planned to identify prospective areas for follow-up soil sampling and aircore drilling.  

Images: Alchemy Resources Limited & iStock
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.