STRICKLAND METALS LIMITED 
By Company Announcements Platform
Australian Stock Exchange Limited
20 Bridge Street
SYDNEY NSW 2000
Dear Sir/Madam
Amendment to previous releaseAlloy Resources Limited (the "Company") wishes to amend the Report released on the 20
December 2013 titled 'RC Drilling completed at Dusk til Dawn Discovery'.
The Company inadvertently omitted relevant information in Table 1 of this Report and encloses an amended version for release.
Andy VinerManaging Director
RC DRILLING COMPLETED AT DUSK TIL DAWN DISCOVERY KEY POINTSABN 20 109 361 195
ASX Release20 December 2013
Alloy Resources Ltd Suite 6, 7 The Esplanade Mount Pleasant WA 6153 Tel: +61 8 9316 9100 Fax: +61 8 9315 5475 Email:info@alloyres.com
Website:www.alloyres.com
DirectorsNon-Exec Chairman:
Peter Harold
Managing Director:
Andy Viner
Non-Exec Director/Co Sec:
Kevin Hart
Issued CapitalShares:
440,005,338
Unlisted Options:
14,500,000
Performance Rights:
1,166,666
ASX Symbol: AYRAn RC drill program has been successfully completed at the
Company's Horse Well Gold Project in WA:
The Drill program targeted the emerging Dusk til Dawn
Prospect where the company previously intersected 30m @
2g/t Au;
• Four deep RC holes completed for a total of 577 metres.
• The strongest pyrite alteration observed to date within a 64 metre intersection located 200 metres west of the original discovery holes.
• Assay results expected in 2nd or 3rd week of January.
SUMMARY
Alloy Resources Limited (ASX:AYR, the "Company") is pleased to advise that the planned RC drilling program at the Horse Well Gold Project has been successfully completed.
A total of 577 metres was drilled at the Dusk til Dawn prospect with the aim of testing for extensions to the recently discovered mineralisation at this prospect. One hundred and forty six (146), four metre composite samples have been submitted for analysis.
Sample assay results are expected to be received within three weeks and will be released to the market immediately following assessment and interpretation.
Managing Director Andy Viner commented "The drill program has been a success, confirming both a large flat lying pyrite rich alteration zone extending over 200 metres further west from previous RC results, as well as definition of a controlling fault zone on the eastern side of this. The westernmost hole contained the strongest pyrite alteration observed so far at the prospect within a 64 metre interval of very highly altered metasediments."
Dusk til Dawn RC drill program
The Company completed a small low-cost program of 4 RC holes, strategically placed to scope aut the size potential of the Dusk til Dawn gold mineralised system. The location of holes was planned utilising a three dimensionai model developed using Leapfrog software, and geologica! observations suggest that the target zones were accurately intersected.
The location of the four holes completed,ACDR007 to ACDR010, are shown on Figure 1below;
263000mE 263400mE
F?l F?
Granite l l
l l
7144800 mN
•
7144400 mN
Metasediments
•
7144000mN
Potential Gold Mineralised Zone
@- December RC hole
@- Drilled Hole Collars withtrace
e Old AC Holes Granite Metasediments
(Q] Alteration Zone •
Au_ppm
• 0.10to0.25
• 0.25to0.50
0.50 to 1.00
• 1.00 to s.oo
• >=5.00
o so
7144000 mN
•
250
263000mE 263400mE metres
From previous programs the gold intersected in drill holes ACDR002 and 003 was interpreted to be a flat south-dipping zone that is formed to the west of a north-east trending fault.
AYR ASX Announcement 20 December 2013 Page2of9
Drill hole ACDR007 was planned to test whether the north-east fault is present and mineralised. Logging indicated that strong alteration was present from 54 metres and continued down to the granite contact at
98 metres. A fault target depth of approximately 140 metres was possibly intersected between 144-148 metres where a sheared pyritic granite was intersected.
Drill hole ACDR008 was drilled to 110 metres and tested the up-dip projection of mineralisation from ACDR002 and 003 to see if this extends into the oxidised zone. Moderate to strong pyrite alteration was intersected from 64 metres down to the granite contact at 104 metres.
Drill holes ACDR009 and ACDR010 were targetted to test the extent of the flat lying mineralised zone for 200 metres to the west of ACDR002 and 003 at depths of approximatey 90 to 120 metres.
Drill hole ACDR009 was drilled to 154 metres and intersected a strong pyritic altered zone from 112 to 146 metres and was visually very similar to the previously drilled ACDR003, located 100 metres to the east.
Drill hole ACDR010 was drilled to 154 metres and intersected a very strong altered zone from 82 metres to
148 metres (64 metre interval) with up to 25 % pyrite and strong carbonate bleaching. This interval was notable in having less biotite and is the strongest altered zone intersected at the prospect to date.
Drill Hole Location information
Horse Well Project
RC drill Program - December 2013
Drill Collar location data
Hole No. | East | North | R.L | Dip | Azimuth | Max_Depth |
GDA94_51 | GDA94_51 | R.L | (magnetic) | (metres down- hole) | ||
ACDR007 | 263275 | 7144452 | 549 | -60 | 090 | 159 |
ACDR008 | 263200 | 7144403 | 550 | -60 | 360 | 110 |
ACDR009 | 263105 | 7144348 | 549 | -60 | 360 | 154 |
ACDR010 | 263003 | 7144342 | 549 | -60 | 360 | 154 |
Notes:
Drill hole survey by hand-held Garmin GPS to accuracy of +/- 5 metres. Drill hole azimuth and dip approximate by hand-held compass.
Interpretation
The Company is very encouraged by the observed alteration, particularly in holes ACDR009 and ACDR010. Pending assay results, the significance of the observed alteration is that the flat lying mineralised alteration zone may be extensive to the west where it is still very open in this direction.
The area to the west is virtually un-drilled and the observation that the mineralised alteration is a discrete tabular body means historical shallow air-core drilling could easily have intersected un-mineralised metasediments.
In addition, this western area is a magnetic 'low' which suggests very strong alteration has destroyed magnetite in metasediments and replaced this with pyrite over a distance of up to 1.2 kilometres along strike to the north-west.
Further drilling is required to define the size of the gold mineralised area, and should holes ACDR009 and 010 be mineralised then broad step out drilling has the potential to quickly define a large gold mineralised system.
AYR ASX Announcement 20 December 2013 Page 3 of 9
Mineralogical Studies
Interim results from mineralogical studies indicate that the logged metasediments appear to be more likely dacitic volcanics/volcaniclastics with interbedded fine grained chemical metasediments in the form of magnetite-rich (BIF-like) layered sediments.
Both potassic biotite alteration and retrogressive chlorite-epidote-calcite/ankerite has been observed however no definitive relationship with gold mineralisation has yet been defined. Minor chalcopyrite and scheelite has been observed with pyrite in mineralised sections.
Exploration at other prospects within the Horse Well Project Area:
A total of 69 infill lag soil samples have been submitted from the Warmblood South prospect for multi- element analysis. This is following on from anomalous results from the last program that point to an extension of mineralisation to the south of existing high grade gold mineralisation at Warmblood.
Six rock chip samples from the general project area have also been submitted for analysis.
The Company has completed a nominal 2 kilometre x 500 metre regional geochemical sampling program utilising a number of source samples in an attempt to map the alteration zones through the Horse Well project and 157 samples have been submitted for multi-element analysis, and where sufficiently fresh samples are available spectrographic analysis will also be completed.
JORC Table 1 information is appended.
For further information contact:
Andy Viner Managing Director 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, Managing Director of Alloy Resources Limited and who is 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 he is 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.
AYR ASX Announcement 20 December 2013 Page 4 of 9
APPENDIX 1 JORC 2012 Table 1
SECTION 1 SAMPLING TECHNIQUES AND DATA
Logging
AYR ASX Announcement 20 December 2013 Page 5 of 9
logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. | and veining recorded. | ||||||||||||||||||||||||||||||||||
Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. | Geological logging is qualitative in nature and records interpreted lithology, alteration, mineralisation, structure, veining and other features of the samples. | ||||||||||||||||||||||||||||||||||
The total length and percentage of the relevant intersections logged | All drillholes were logged in full. | ||||||||||||||||||||||||||||||||||
Sub-sampling techniques and sample preparation | If core, whether cut or sawn and whether quarter, half or all core taken. | No core samples were recovered. RC method only. | |||||||||||||||||||||||||||||||||
Sub-sampling techniques and sample preparation | If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. | Reverse Circulation drilling obtained 1 metre dry samples. Bulk samples were collected by bucket from the drill cyclone and placed into 1 metre piles on the ground. Drill chips were composited to 2 metre intervals and hand sieved to +1mm and collected in chip trays for geological observation and storage at the Companies Perth base. Analytical samples of 1-2 kilogram weight were collected via a 1/6 sub-sample split from the drill rotary cone splitter attached to the cyclone collector and stored for future analysis. Composite analytical samples of approximately 2 kilogram weight were collected by spear sampling each one metre bulk sample and compositing each 4 metres. | |||||||||||||||||||||||||||||||||
Sub-sampling techniques and sample preparation | For all sample types, the nature, quality and appropriateness of the sample preparation technique. | Sample representativeness is regarded as appropriate in terms of weight and interval. Sample preparation will be completed at ALS Laboratories in Perth. Samples will be dried, pulverised (80% passing at a Share
© Publicnow - 2014
Strickland Metals Limited is an Australia-based mineral exploration company. The Company operates in four projects. Its Rogozna Gold and Base Metals Project is located in the Raska District of southern Serbia covering approximately 184 square kilometers (km2) and comprises of four exploration licenses. The Yandal East Project is located in the Warburton Mineral Field, Western Australia. Its Yandal Project indicates a gold system spanning the Celia Shear Zone, including a resource base comprised of Horse Well (Palomino, Warmblood, Filly Central, Filly South) and Dusk 'Til Dawn, and advanced exploration targets at Cowza, Mizina, and Ward. Its Iroquois Project is located in the Earaheedy Basin, Western Australia. Its Bryah Basin project lies within the Gascoyne region of Western Australia, approximately 90 kilometers north of Meekatharra. The Bryah Basin Project lies at the center of the basin and is prospective for copper-gold mineralization akin to that at Sandfire's DeGrussa Project.
Sector
Diversified Mining
Calendar
19/08/2024
- Extraordinary Shareholders Meeting
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