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Alkane Resources Ltd.
Summary
| Project: | Northern Molong | |
|---|---|---|
| Deposit: | Boda | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 8/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-8-2017: Alkane Resources Ltd. announces an Exploration/Drilling Update report for its Boda deposit at the Northern Molong project. Drilling results incl. 68m @ 0.35g/t Au from 476m. The Northern Molong Porphyry Project (NMPP) incorporates three explora | |
| Resources: | x | |
| CP/QP: | [Overall Report]: D I Chalmers (Internal) | |
| ABSTRACT: | The Northern Molong Porphyry Project (NMPP) incorporates three exploration licences; Bodangora (EL 4022), Kaiser (EL 6209) and Finns Crossing (EL 8361), covering an area of 110km2 of the northern Molong Volcanic Belt (MVB), in central western New South Wales. The northern MVB, within the eastern Lachlan Orogen is considered highly prospective for porphyry and epithermal gold-copper mineralisation, as demonstrated by the presence of the world class Cadia porphyry district located along strike (~43Moz Au; Newcrest, 2016). Alkane’s exploration activity has established a geological framework for the region which highlights strong similarities with the Cadia district. Ongoing exploration success has demonstrated the margins of major magnetic complexes provide a primary control for porphyry and epithermal mineralisation, with significant intersections being reported from the Duke Target along the western margin of the Kaiser Magnetic Complex and the Boda Target at the western margin of the Boda Magnetic Complex (combined strike length >900m). Results have been received for the first two diamond holes testing the Kaiser and Boda Prospects. Previous shallow drilling has identified a small, porphyry style gold-copper deposit (no JORC classification) at Kaiser. | |
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