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Alchemy Resources Ltd uncovers high-grade gold in phase one campaign at Karonie Gold Project, shares up

Alchemy Resources uncovers high-grade gold in phase one campaign at Karonie Gold Project, shares up
The ASX-listed gold explorer is preparing for two more drilling phases across its precious metals asset, with work underway to deepen understanding of the Karonie project’s southern tenements.
Alchemy has unveiled drilling results from a phase one campaign across three key gold prospects within the Karonie project.
Alchemy Resources Ltd (ASX:ALY) is trading higher on tabling a suite of high-grade gold results after completing a reverse circulation (RC) campaign at its Karonie Gold Project east of Kalgoorlie in Western Australia.
The precious metals explorer has now received assays from all 27 holes drilled across its wholly-owned project’s Taupo, KZ5 and Parmelia gold prospects. ....

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Alchemy Resources reports high-grade gold results at Karonie

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S&P/ASX 200 hits 15-month high as material, banking shares surge

S&P/ASX 200 hits 15-month high as material, banking shares surge
Companies
S&P/ASX 200 hits 15-month high as material, banking shares surge
Brent crude oil prices rose by 25 cents to US$69.12 a barrel on Thursday, helped by strong U.S. economic data that offset investors’ concerns about the potential for a rise in Iranian supplies.
The U.S. job market edged closer to its pre-pandemic self as initial jobless claims totalled just 406,000 for the week ended May 22.
S&P/ASX 200 (INDEXASX:XJO) rallied as much 1.25% to 7,183 points earlier today, its best level since February 20, 2020.
The materials sector was leading the gains with financials, energy, industrials and consumer staples also lending support. ....

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Alchemy Resources begins RC drill program at Karonie gold project

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 ....

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S&P/ASX 200 slips as iron ore price hits 10-year high

S&P/ASX 200 slips as iron ore price hits 10-year high
Tesla reported a record net income of US$438 million for the first quarter. Revenue surged to US$10.39 billion, up 74% from a year ago.
Iron ore price has set a record after surpassing its 2011 high of US$188 per tonne.
S&P/ASX 200 (INDEXASX:XJO) slipped 0.36% to 7020 points by 1.10 pm even as iron ore prices hit a decade high of more than US$190 per tonne overnight.
While the broader market was trading lower, iron ore miners Rio Tinto (ASX:RIO) (+0.19%), BHP Group (ASX:BHP) (+0.62%) and Fortescue Metals (ASX:FMG) (+1.06%) were all higher. ....

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