Sign up USA
Proactive Investors - Run By Investors For Investors

Alloy Resources applies for new ground as it looks to emulate big players like Northern Star

The new geological models will be similar to those that have identified new discoveries at neighbouring sites.
Gold pans
The gold prospect is at the junction of the Yandal and Millrose greenstone belts

Alloy Resources Limited (ASX:AYR) has applied for new ground south of the company’s Horse Well Gold Project joint venture in Western Australia.

Following a review of recent activity by Northern Star (ASX:NST) and Echo Resources (ASX:EAR) in the area north of Bronzewing, it was noted that vacant ground was available in that region.

The ground has had little previous exploration.

History of new discoveries

The area is well located at the junction of the Yandal and Millrose greenstone belts.

New mineralised trends have emerged in recent times, suggesting high prospectivity for gold discoveries in this area.

The area has been named the Bronzewing North Project and comprises eight new exploration licence applications and 16 new prospecting licence applications.

It covers a total area of 114 square kilometres.

Exploration to be modelled on neighbouring success

Executive chairman Andy Viner said: “We have recently regained control of the Horse Well Gold Project Joint Venture which we believe is one of the best early-stage gold exploration properties in the Goldfields region with numerous prospects at various stages of exploration.

“We think the new Bronzewing North area enhances the potential for Alloy to make new gold discoveries with the expanded land coverage over prospective geology.  

“New geological models resulting from recent discoveries by our neighbours are going to be applied throughout this region.” 

View full AYR profile View Profile

Alloy Resources Ltd Timeline

Newswire
October 26 2015

Related Articles

Pantoro processing plant
April 04 2018
The company's AISC for the December quarter 2017 was $990 per ounce.
gold bars
August 02 2018
Arc Minerals has significant upside at kalaba in Zambia
1534826079_alaskaSign.jpg
Mon
The project includes the “smoking gun” deposit Zackly which contains 41,200 tonnes of copper, 213,000 ounces of gold and 1.5 million ounces of silver.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use