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Alkane Resources Ltd.
Summary
| Project: | Northern Molong | |
|---|---|---|
| Deposit: | Boda, Driell Creek, Kaiser, Windora | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 4/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-4-2017: Alkane Resources Ltd. announces an Exploration/Drilling Update report for its Boda, Driell Creek, Kaiser, Windora deposit at the Northern Molong project. Drilling results incl. 290m @ 0.17g/t Au from 0m. A RC drilling program of 13 holes totalin | |
| Resources: | x | |
| CP/QP: | [Overall Report]: D I Chalmers (Internal) | |
| ABSTRACT: | A RC drilling program of 13 holes totaling 3400 metres was recently completed testing four target areas; Driell Creek, Boda, Kaiser and Windora within the Northern Molong Porphyry Project (NMPP). The NMPP covers an area of 110 km2 located approximately 20‐25 km north of Wellington in the central west of NSW and encompasses three exploration licences; Bodangora, Kaiser and Finns Crossing. The project covers a large portion of the northern Molong Volcanic Belt (MVB) which is host to a number of mineral deposits exemplified by the world class alkalic porphyry deposits within the Cadia Valley Operations of Newcrest Mining Limited. The recent drilling and the results from the extended induced IP survey continue to confirm the project area as a prime target for large tonnage Au‐Cu alkalic porphyry mineralisation. Alteration systems with characteristics of alkalic porphyry systems have been identified at all five intrusive complexes within the project area. Low grade Au‐Cu mineralisation, ranking on a par with early drilling by Newcrest at Ridgeway where intercepts such as 102m grading 0.13g/t Au and 0.40% Cu were encountered just 200m from the core of the system (e.g. 296m grading 4.41g/t Au and 1.02% Cu), has now been identified over a strike length of up to 1600m along the margins of the Kaiser Intrusive Complex at Kaiser, Duke and Boda. | |
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