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Alkane Resources Ltd.
Summary
| Project: | Northern Molong | |
|---|---|---|
| Deposit: | Boda | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 3/23/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-3-2020: Alkane Resources Ltd. announces an Exploration/Drilling Update report for its Boda deposit at the Northern Molong project. Drilling results incl. 1,167m @ 0.55g/t Au from 75m. The Northern Molong Porphyry Project (NMPP) incorporates four explor | |
| 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 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 MVB, within the eastern Lachlan Orogen, 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 110km 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 from Boda positioned at the western margin of the Boda intrusive Complex (BIC). | |
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