88 Creek

Alloy Resources has entered into a joint venture agreement with North Australian Diamonds Limited to earn a majority interest in the gold and other metal rights over NADL’s 88 Creek project in the northern Kimberley region of Western Australia. North Australian Diamonds Limited has identified this region as an entirely new gold province though the discovery of gold grains in streams and soils above prospects that have been drill tested to prove the occurrence of gold in the bedrock. North Australian Diamonds Limited has carried out extensive exploration to bring this project into an advanced exploration stage.

Alloy has developed an epithermal model for gold deposition in this region and for drill targeting the source of gold at 88 Creek and other prospects. It is Alloy’s intention to explore for economic gold mineralisation though the use of innovative geophysical and remote sensing technologies on the 88 Creek prospect. Exploration will also be carried out on other prospects and targets within the North Kimberly project area.