The discovery was made by well-known, successful Western Australian prospector Scott Wilson, who, according to Alloy Resources executive chairman Andy Viner, made the discovery after seeing quartz veins while driving past in his Landcruiser.
Overland subsequently acquired an option to acquire a 75% stake in the ground in September, with the option expiring in about 12 months.
Some 55 samples taken over a 400m corridor have averaged 17.3 grams per tonne gold.
Viner’s interest in the story relates to Alloy’s main project, Horse Well, surrounding Coralie Jean.
Last month Alloy “got back on the horse” at Horse Well, paying Doray Minerals $500,000 in cash and shares to return ...