Alchemy’s Murchison Projects lie within or adjacent the “Golden Triangle”, which covers the area between Cue, Big Bell Gold Mine and Meekatharra. More recently this area has become known as the Meekatharra Structural Zone. Over 60% of all gold production within the Murchison District has been sourced from within this area, which has produced more than 8 million ounces of gold.

The projects cover parts of the Meekatharra-Wydgee, Weld Range, and Abbotts greenstone belts. The rocks found in these belts include a range of volcanic, volcaniclastic, and metasedimentary rocks that are typical greenstones of the Murchison Domain. The greenstone belts are surrounded by granite and gneissic complexes, and cut by numerous mafic dykes. The Meekatharra-Wydgee greenstone belt is interpreted as a major zone of shear-related deformation bounded in the west by the Chunderloo Shear Zone, and to the east by the Meekatharra-Mount Magnet Shear Zone. The Meekatharra Structural Zone is bound to the west by the Carbar Fault, which separates the Weld Range and Meekatharra-Wydgee greenstone belts.

Studies recently completed by the Predictive Mineral Deposits Corporate Research Centre (PMD.CRC) on the geology and mineralizing history of the Yilgarn Craton have shown that the “Cue Domain”, which includes Alchemy’s Murchison Project, as having similar aged geology and shared geological processes to that of the previously considered as much younger, Eastern Goldfields. Alchemy consequently believes the mineral prospectivity for the Murchison Region is significantly under appreciated.

The Project encompasses six individual project areas: Wydgee, Gidgee, Big Bell North, Ninden Hill, Jeffery Well and Polelle. It consists of over 300km² of granted tenements and over 500km² of tenement applications covering a strike length of almost 100km within the highly endowed Meekatharra Structural Zone. The Projects are located where zones of shear-related deformation, which are regarded as important controls on gold mineralisation, occur beneath much younger, variably thick sediments. They have received varying degrees of exploration primarily over the exposed bedrock and adjacent shallow cover environments. The exploration beneath cover, however, is incomplete and rarely systematic.