ALY

i am bullish on ALY

-With 3 drilling programs that are commencing within the next 3 months.
-Being a company with such a small market cap gives it potential to move.
-Gold price is very good at the moment.

DECEMBER 2017 QUARTERLY REPORT

Highlights
KARONIE PROJECT (WA) – GOLD
- First-pass RAB drilling of the gold prospective Claypan Shear Zone to commence
early in February 2018.
- First-pass RAB drilling of interpreted dolerite coincident with magnetic and
gravity highs at the Warrior Prospect also planned to commence in February.
- Significant untested gold-in-soil anomaly identified at KZ5.
LACHLAN / COBAR BASIN PROJECTS (NSW) – GOLD / BASE METALS
- Reverse Circulation drilling at the Black Range Tank Gossan VTEM / surface EM
anomaly and coincident Au-Cu-Pb-Zn-Ag-in-soil anomaly to commence during
the March 2018 quarter.
- First pass wide spaced soil sampling at Eurow identifies significant gold and
copper anomalism.
- Historic soil sampling collation identifies strong gold and copper soil
anomalism at Quarry Hill and Rosedale prospects.
- Auger drilling at Girilambone identifies low tenor copper anomalism.
BRYAH BASIN PROJECT (WA) – GOLD / BASE METALS
- Independence Group NL moving loop EM (MLEM) survey identifies strike
extensive EM conductors.
- Billabong Gold Pty Ltd JORC 2012 update for the Wilgeena resource has
commenced but is yet to be finalised.
CORPORATE
- Cash at 31 December 2017 - $1.41M.

Western Australia: Karonie Project
• 782km2 of highly prospective, recently granted
exploration licences (only one application)
• Quality geological setting – greenstones
containing large scale structures (Keith Kilkenny
and Claypan Faults) and mineralised secondary
structures, proximal to “internal” granites
• Along strike to the south of Breaker Resources
(ASX:BRB MCap. 80M) Lake Roe Project (Bombora
gold deposit on Claypan Fault)
• 35km of the Claypan Fault - limited soil sampling
over transported soils and no previous drilling
• Northern and southern strike extensions of
560,000oz @ 2.2g/t Au* (Karonie Main, Harry’s
Hill, Spice, Tank, French Kiss & Argonaut reserves
and resources - Silver Lake Resources (ASX:SLR))
• Adjacent to Kairos Minerals (ASX:KAI MCap. 54M)
Roe Hills Project
• 50km from Silver Lake’s Mt Monger / Randalls
processing plant

heywood29

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

heywood29