Alchemy Resources Limited (ASX: ALY) has kicked off a Reverse Circulation (RC) drill programme at the 100% owned Karonie Lithium-Gold Project, located 110km east of Kalgoorlie.
The drilling will consist of 33 RC holes for ~3,000-5,000m and will target 1,200m of strike length of the extensive system of pegmatites that have been identified by field mapping and from detailed soil sampling that was completed recently. Depth of holes will be up to 150m downhole with spacings of 80m to provide adequate crossover to establish dyke orientation. In addition, a stratigraphic line will be drilled across Hickory to Cherry to establish if there are additional pegmatites under the thin cover which was outlined by the recent infill soil sampling.
Today’s announcement that drilling has commenced at the Karonie Project is an exciting development for the company and the geology team,” CEO, James Wilson, said.
“The initial programme is planned to test the high priority lithium targets at the Cherry and Hickory prospects with planning for follow-up programs already underway. This initial phase of lithium focussed drilling is a major milestone as we move toward testing these high priority targets for the first time.”
Programme
The drill programme will consist of 33 RC holes for ~3,000-5,000m, with drilling designed to target 1,200m of strike length of the pegmatites that have been identified by field mapping. Depth of holes will be up to 150m downhole with spacings of 80m to provide adequate cross over to establish dyke orientation. In addition, a stratigraphic line will be drilled across Hickory to Cherry to establish if there are additional pegmatites under the thin surface cover.
The programme will target the Uniaxial Solidification Textured (UST) pegmatites at the northern end of the Hickory Prospect where both higher tenor lithium and pathfinder element anomalism occurs. Drilling will also test the pegmatites under the transported cover to the north along strike.