Horse Well: Palomino – Filly area
The mineralisation at Palomino plunges to the north and is open at depth long this plunge. The deposit is also open along strike to the north and hole HWRC249 2m @ 7.03g/t a 100m along strike from the main Palomino ore zone.
Regional Data Review and Increased Tenement Position
Alloy has increased its tenement holdings in the Yandal greenstone belt from 105sq kms to 477sq. kms and acquired a tenement in the Cunyu greenstone.
During the quarter, the Company undertook a regional geological data review, which has indentified a number of previous exploration gold anomalies on recently acquired tenements.