Microsoft Word - AYR - Market Update v2
Exploration Update
SUMMARY
ABN 20 109 361 195
ASX Release
23 December 2014
Alloy Resources Ltd Suite 6, 7 The Esplanade Mount Pleasant WA 6153
Tel: +61 8 9316 9100
Fax: +61 8 9315 5475
Email:
[email protected]
Website:
www.alloyres.com
Directors
Executive Chairman:
Andy Viner
Non‐Exec Director
Andre Marschke
Non‐Exec Director/Co Sec:
Kevin Hart
Issued Capital
Shares:
489,582,646
Unlisted Options:
37,142,821
ASX Symbol: AYR
Alloy Resources Limited (ASX:AYR, Alloy or the Company) wishes to inform the market that Farmin Partner Doray Minerals Limited (ASX:DRM, Doray) has advised the Company that RC drilling at the Dusk til Dawn prospect within Alloy's Horse Well Gold Project has been suspended and is planned to recommence in January 2015.
Key Points;
Doray have completed the first of four planned deep RC drill holes across the Dusk til Dawn mineralised structure (refer to ASX announcements on the 10 and 12 December 2014);
Completed hole DDRC003 was located 50 metres north‐west of recent RC Drill Hole DDRC001 which intersected;
65 metres @ 2.6 g/t Au from 50 metres downhole, including
13 metres @ 8.17 g/t from 50 metres
DDRC003 finished at planned depth of 180 metres.
Assay results expected in January 2015.
For further information contact: Andy Viner Executive Chairman Phone: +61 8 9316 9100 www.alloyres.com
Exploration Results
The information in this report which relates to Exploration Results is based on information compiled by Andrew Viner, a Director of Alloy Resources Limited and a Member of the Australasian Institute of Mining and Metallurgy, Mr Viner has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves." Mr Viner consents to the inclusion in the report of the matters based on this information in the form and context in which it appears..
Mr Viner is a shareholder and option holder of Alloy Resources Limited.