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SFR start air core drilling at Bryah Basin

Energy, Utility
ASX:ALY      MCAP $8.247M
15 April 2019 23:05 (AEST)

Image Sourced Sandfire Resources

Alchemy Resources has announced Sandfire Resources has commenced air-core drilling in Alchemy’s 100 percent owned Bryah Basin Project.

Located 130 kilometers Northeast of Meekatharra, Bryah Basin consists of a 527 square kilometers ground package.

Drilling will be along the southwest of the De Grussa copper-gold deposit and is designed to test a 40-kilometer strike of the Karalundi sediments.

DeGrussa compromised of a 38-kilometer lateral development and produced 300,000 tonnes of high-grade copper concentrate annually.

These figures would make DeGrussa the largest copper producer in Western Australia.

Phase one begins of 1,000 holes to be drilled at 1,600m by 100m spacing with an additional 1,000 holes approved where prospective geology and mineralisation is identified.

Ground gravity surveys were completed in April and the gravity model will be used to target mineralisation and refine phase two.

Assay results from phase one are expected in May 2019.

Please find announcement attached here

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