Alchemy Resources Ltd (ASX: ALY)

Strong  drilling  results  highlight  growing  potential  of  Hermes  Gold  Project  

55m  @  2.17g/t  gold  from  1m  intersected  at   Trapper  Deposit  infill  drilling  

Drilling  intersects  mineralisation  over  substantial  widths  and  robust  grades,  providing  foundations  for  a  resource  upgrade  

Results  confirm  the  continuity  and  extent  of  the  flagship  Trapper  deposit  at  Hermes,  with  intersections  including:  

          o 55m  @  2.17g/t  gold  (including  3m  @  10.70g/t  gold  and  4m  @  8.03g/t  gold)  

o 22m  @  4.10g/t  gold  (including  1m  @  36.00g/t  gold)  

o 28m  @  2.60g/t  gold  

Drilling  extends  the  known  zones  of  primary  mineralisation  at  the  Winchester,  Trapper  West  and  Blake  prospects,  with  the  new  zones  remaining  open  along  strike  and  at  depth.  

These  results  include:  

o 14m  @  2.62g/t  gold  (including  1m  @  19.45g/t  gold)  

o 20m  @  1.50g/t  gold   

o 3m  @  10.80g/t  gold  (including  1m  @  31.70g/t  gold)  

o   6m  @  4.54g/t  gold   

o 7m  @  3.32g/t  gold  (including  1m  @  17.15g/t  gold)  

Additional  extensional  drilling  to  the  west,  south‐east  and  north‐east  of  the  current  resource  identifies  high  priority  target  areas  for  further  exploration  drilling  

Alchemy  Resources  Limited  (“Alchemy”  or  the  “Company”)  (ASX  Code:  ALY)  is  pleased  to  announce  that  numerous  high‐grade  assay  results  from  recent  drilling  at  its  

Hermes  Gold  Project  in  Western  Australia  indicate  that  the  area  hosts  a  series  of  zones  of  gold  mineralisation.  

The  infill  drilling  has  confirmed  the  continuity  of  mineralisation  at  Hermes’  flagship  Trapper  deposit,  extended  the  parameters  of  the  known  mineralisation  in  other  areas  

and  identified  targets  for  further  exploration  drilling.  

The  results  will  also  be  used  to  underpin  a  re‐estimation  of  the  existing  131,000  ounce  JORC  code‐compliant  indicated  resource  at  Hermes.   

Alchemy  Managing  Director  Mike  Hannington  said  Hermes  is  emerging  as  a  series  of  mineralised  zones  extending  over  2.2  kilometre  (Fig.  2).  

“These  results  highlight  both  the  value  of  the  known  mineralisation  at  Hermes  as  well  as  the  enormous  potential  to  grow  the  resorce  base  extensively,”  Mr  Hannington  said.