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Alkane Resources Ltd.
Summary
| Project: | Northern Molong | |
|---|---|---|
| Deposit: | Boda | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 2/13/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-2-2020: Alkane Resources Ltd. announces an Exploration/Drilling Update report for its Boda deposit at the Northern Molong project. Drilling results incl. 689m @ 0.46g/t Au, 0.19% Cu from 402m. Alkane Resources’ (ASX:ALK) Managing Director, Nic Earner, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Meates (Internal) | |
| ABSTRACT: | Alkane Resources’ (ASX:ALK) Managing Director, Nic Earner, said: “These drill results give us further encouragement that the Boda Prospect is a significant discovery. The continuation of grade at depth and the consistency of mineralisation are further evidence of a big porphyry system. Alkane is continuing its follow up drilling, we look forward to bring shareholders further results as they become available”. The Northern Molong Porphyry Project (NMPP) incorporates four exploration licences; Bodangora (EL 4022), Boda South (EL 8887), Kaiser (EL 6209) and Finns Crossing (EL 8361), covering an area of 115km2 of the northern Molong Volcanic Belt (MVB), in the Central West of New South Wales. The NMPP is located close to the major regional centres of Dubbo and Orange, which together with Parkes and Wellington, service several major mines in the district including Alkane’s own Tomingley Gold Operations. In addition, the NMPP is close to road, rail, power, gas and water infrastructure. The northern MVB, within the eastern Lachlan Orogen is considered highly prospective for large porphyry gold-copper mineralisation, as demonstrated by the presence of the world class Cadia Valley porphyry district located 110 km to the south (~49Moz Au; Newcrest website). | |
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