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Alkane Resources Ltd.

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Summary

Project:

Northern Molong

Deposit:Boda
Location:Australia
Commodities:Copper-Gold
Date:5/19/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:19-5-2020: Alkane Resources Ltd. announces an Exploration/Drilling Update report for its Boda deposit at the Northern Molong project. Drilling results incl. 40m @ 0.28g/t Au, 0.18%Cu from 94m. The Northern Molong Porphyry Project (NMPP) incorporates four
Resources:x
CP/QP:[Overall Report]: David Meates (Internal)
ABSTRACT: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 region of New South Wales. The MVB, within the Eastern Lachlan Orogen (Macquarie Arc), is considered highly prospective for large scale porphyry gold-copper deposits, as demonstrated by the presence of the world class Cadia Valley porphyry district located 110 kilometres to the south (~49Moz Au; Newcrest website). Exploration in the NMPP has demonstrated the margins of major monzonite intrusive complexes provide a primary control for porphyry and epithermal mineralisation, with significant intersections being reported along the western margin of the Kaiser Intrusive Complex and,separately, at the western margin of the Boda Intrusive Complex (BIC).

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