Alchemy Resources begins RC drill program at Karonie gold project Alchemy Resources Ltd's (ASX:ALY) (FRA:45A) James Wilson tells Proactive they've begun reverse circulation drilling on its 100%-owned Karonie Gold Project in Western Australia. The 35 holes for 3,000-5,000 metres are designed to infill and extend the three discovery zones – KZ5, Parmelia and Taupo - which sit along strike from the Silver Lake Resources Ltd (ASX:SLR) Aldiss Mining operations. Quick facts: Alchemy Resources Ltd Price: 0.016 AUD