Alloy Resources Limited announced that its has commenced an RC drill program at the Ophara Project located 50 kilometres west of Broken Hill in New South Wales. In addition, the Company has recently made application for a contiguous Exploration Licence of 58 square kilometres at the south of the Project which covers similar geology and is largely unexplored. A 12 hole RC drill program has been designed to define the strike and depth potential of the known cobalt-gold mineralisation at the Great Goulburn prospect. The Cobalt-Gold mineralisation is known from limited previous drilling to be closely associated with magnetite and pyrite at depth and drilling will aim to confirm and refine this relationship. Both magnetic and electromagnetic anomalies associated with cobalt-gold mineralisation have been defined by previous ground surveys. Holes will be surveyed by down hole geophysical methods which will provide information that can guide future regional geophysical exploration. The program is expected to take 8 days to complete and the results of sample analysis to take a further 3 to 4 weeks to be received. There have been six historical drill holes completed at Great Goulburn, and four intersected significant cobalt-gold mineralisation over a wide spacing. The Company has designed an RC drill program which will complement this previous drilling and aims to better define the mineralisation over approximately a 1 kilometre strike. Some of the planned holes will also seek to explain the nature of extensive gossanous quartz veined structures with anomalous rock chip samples that have not previously been tested by drilling. Additional field work and data collection to be undertaken at the same time as the drilling program will include: down hole geophysical surveying for density, magnetic susceptibility and conductivity; orientation soil sampling and Regional magnetic, rock and RAB anomaly inspection.