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Alchemy earns 80% of NSW Tenements in Heron Joint Venture

02/12/2021 | 09:07am EST

Alchemy Resources Limited (ASX: ALY) ('Alchemy') is pleased to announce that it has now earned an 80% interest in the Lachlan gold and base metals projects ('Lachlan Projects') in New South Wales from Heron Resources (ASX: HRR).

The Lachlan Projects cover an area of 674km2 of the Central Lachlan Orogen in NSW and comprise three project areas prospective for Cobar-style epithermal gold and base metals and copper-gold porphyry mineralisation.

ABOUT THE LACHLAN / COBAR BASIN PROJECTS

The Lachlan / Cobar Basin Projects consist of the Overflow Gold-Base Metal Project, the Yellow Mountain Copper Gold Project, the West Lynn Nickel-Cobalt-Alumina Project, and the Eurow Copper-Gold Project, each containing multiple drill ready gold and/or base metal and/or nickel-cobalt targets. The projects form part of a Farm-In and Joint Venture with Heron Resources Ltd (ASX: HRR) and are proximal to high profile mining centres in the Cobar Basin and central Lachlan Fold Belt, including Hera/Nymagee (Aurelia Metals Ltd - ASX: AMI), Mallee Bull/Wagga Tank/Southern Nights (Peel Mining Ltd - ASX: PEX), Tritton (Aeris Resources Ltd - ASX: AIS) and the Parkes mining centre.

ABOUT ALCHEMY RESOURCES

Alchemy Resources Limited (ASX: ALY; 'Alchemy' or the 'Company') is an Australian exploration company focused on growth through the discovery and development of gold, base metal and nickel-cobalt resources within Australia. Alchemy has built a significant land package in the Carosue Dam - Karonie greenstone belt in the Eastern Goldfields region in Western Australia, and has an 80% interest in the Lachlan/Cobar Basin Projects in New South Wales. Alchemy also maintains its interest in the Bryah Basin Project in the gold and base metal-rich Gascoyne region of Western Australia, where Superior Gold Inc. (TSX-V: SGI; 'Superior'), and Sandfire Resources Limited (ASX: SFR; 'Sandfire') are continuing to advance gold and base metal exploration, respectively.

Contact:

James Wilson

Tel: 08 9481-4400

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
AERIS RESOURCES LIMITED -7.41% 0.125 Delayed Quote.-18.18%
ALCHEMY RESOURCES LIMITED 8.33% 0.013 Delayed Quote.0.00%
AURELIA METALS LIMITED -2.27% 0.43 Delayed Quote.7.32%
HERON RESOURCES LIMITED 0.00% 0.045 Delayed Quote.-8.16%
PEEL MINING LIMITED -2.56% 0.19 Delayed Quote.-13.33%
SANDFIRE RESOURCES LIMITED 0.61% 6.65 Delayed Quote.0.46%
SUPERIOR GOLD INC. -2.63% 0.74 Delayed Quote.-2.63%
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