Alkane Resources initiated further core drilling at its Boda Porphyry Prospect - Alkane Resources Ltd
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Alkane Resources initiated further core drilling at its Boda Porphyry Prospect

Gold miner and multi-commodity explorer, Alkane Resources (ASX:ALK), is commencing a follow up drilling program of initially five core holes totalling ~5,000 metres to test the substantial Boda porphyry gold-copper mineralisation.

The recent discovery of significant porphyry style gold-copper mineralisation at the Boda Prospect (9 Sep 2019) within the Northern Molong Porphyry Project (NMPP), highlights the potential for large porphyry gold-copper deposits in the area.

A single diamond drill hole was drilled to test the depth extent of gold mineralisation identified in RC drilling at the northern end of the Boda Intrusive Complex (BIC) and returned a broad intercept of 502m @ 0.48g/t gold, 0.20% copper from 211m.

As an initial follow up, a program of five diamond core drill holes totalling approximately 5,000 metres is planned to test the mineralisation along strike to the north and south, targeting surface geophysical anomalies, and below KSDD003 to test for depth continuity and potential grade improvements.

Today’s ASX announcement can be found HERE for detailed information.