RC Drilling to Recommence at Dusk til
Dawn
ABN 20 109 361 195
ASX Release
12 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:
443,130,338
Unlisted Options:
14,500,000
ASX Symbol: AYR
SUMMARY
Alloy Resources Limited (ASX:AYR, Alloy or the Company) wishes to advise the market that Farmin Partner Doray Minerals Limited (ASX:DRM, Doray) has notified the Company that it will recommence RC drilling next week at the Dusk til Dawn prospect within Alloy's Horse Well Gold Project.
Key Points;
Doray recently completed two deep RC drill holes across the newly interpreted Dusk til Dawn mineralised structure during November which were highly successful in locating a thick zone of shallow high-grade gold mineralisation which is now open along strike and down-plunge at depth (refer to ASX announcement 10
December 2014);
• RC Drill Hole DDRC001 intersected;
65 metres @ 2.6 g/t Au from 50 metres downhole, including
13 metres @ 8.17 g/t from 50 metres
Given the success of this drilling Doray has advised that it will recommence RC drilling with step-out holes along the structure as follows (refer to Figure 1 attached);
• Drilling to commence on or about next Tuesday 16
December.
• A traverse of two holes, each approximately 200 metres deep, located under the mineralised air-core hole DDAC054 - north west of DDRC001
• A traverse of two holes each approximately 200 metres deep, located south east of previous RC hole ACDR003.
For further information contact: Andy Viner Executive Chairman Phone: +61 8 9316 9100 www.alloyres.com
Figure 1 Dusk til Dawn Prospect showing recent drilling
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.
AYR ASX Announcement 12 December 2014 Page 2 of 2