Cudal (Base Metals – Gold; EL7020)
Cudal is located 20km northwest of the Cadia Valley Operations of Newcrest Mining Ltd in Central Western New South Wales.
The exploration licence covers a portion of the Ordovician Cargo Block, a region considered highly prospective for alkalic porphyry gold-copper mineralisation and sedimentary replacement-style gold-zinc mineralisation. Key prospects include the Bowen Park 1 Prospect, located in the northernmost group of old workings commonly referred to as Bowen Park, and the Kurrajong Prospect.
Exploration drilling in the Bowen Park 1 / Kurrajong Prospect area has identified strong gold + zinc + silver mineralisation associated with a significant multiphase intrusive complex and porphyry-style alteration adjacent to the Bowan Park Limestone. Alkane has completed geological mapping and high-resolution ground magnetics to assist with further drilling target definition.