For thousands of other reports visit RSC's Mineral Intellingence Map
Alkane Resources Ltd.
Summary
| Project: | Northern Molong | |
|---|---|---|
| Deposit: | Boda, Kaiser | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 9/9/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-9-2019: Alkane Resources Ltd. announces an Exploration/Drilling Update report for its Boda, Kaiser deposit at the Northern Molong project. Drilling results incl. 502m @ 0.48g/t Au, 0.20% Cu from 211m. Alkane Resources’ (ASX:ALK) Managing Director, Nic E | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Meates (Internal) | |
| ABSTRACT: | Alkane Resources’ (ASX:ALK) Managing Director, Nic Earner, said: “These drill results suggest a significant and exciting discovery in a region that has a history of delivering large, low-grade and long-life gold-copper mines. The project area has already delivered some strong indications of a big porphyry system near surface at Kaiser and, along with the results from this diamond drill hole at Boda, we can see clear evidence of Cadia-style mineralisation and grade over hundreds of metres. Alkane is immediately prioritizing follow up drilling, seeking to determine the scale of this highly encouraging discovery”. 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 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 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 110km to the south (~49Moz Au; Newcrest website). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report