- Alchemy Resources (ALY) kicks off soil sampling across a string of “high-priority” Karonie and Lake Rebecca lithium targets in Western Australia
- The planned work will include sampling across the Roe Hills and Manhattan prospect areas, which neighbour Global Lithium’s (GL1) Manna deposit prospects
- Meanwhile, ALY is busy conducting drone magnetics on gravity anomalies across its Hickory area and on regional gold targets at Karonie
- Looking ahead, Alchemy plans to complete ground truthing of gravity survey results and heritage surveys for future drilling programs in the area
- Alchemy Resources shares are trading at 1.6 cents at 11:29 am AEDT
Alchemy Resources (ALY) has kicked off soil sampling across a string of “high-priority” Karonie and Lake Rebecca lithium targets in Western Australia.
The planned work will include sampling across the Roe Hills and Manhattan prospect areas, which neighbour Global Lithium’s (GL1) Manna deposit prospects.
The company will also complete sampling work across its Lake Rebecca prospects, which show prospective ‘Goldilocks Zone’ geology during a site visit by ALY in November last year.
Alchemy CEO James Wilson said in tandem with its sampling work, the company would fly high-resolution drone magnetics to assist with drilling target definition in the area.
“We are also kicking off regional soils programs, which will give us a broader picture of lithium anomalism surrounding the Manna project at Alchemy’s Roe Hills prospect to the west and our Manhattan prospect to the east, as well as lithium prospective areas at Lake Rebecca to the north.”
Currently, a high density of narrow plagioclase dykes, porphyritic dykes and quartz veins mapped adjacent to the granite contact zone have been identified at the Roe Hills prospect.
At the Manhattan Prospect, Alchemy Resources has undertaken shallow drilling that intersected coarse-grained fractionated dolerites in proximity to the regional granite contact.
Further, a recent reconnaissance visit at Lake Rebecca uncovered multiple feldspar-rich granite dykes throughout the tenement package adjacent to the small regional granite intrusions.
The next steps for Alchemy will include the interpretation of the gravity survey data, the commencement of ground truthing of results and potential target areas, the completion of heritage surveys to allow for future drill programs, and the assessment of the broader regional productivity of southern Karonie tenements.
Alchemy Resources shares were trading at 1.6 cents at 11:29 am AEDT.