Significant Porphyry Au-Cu Mineralisation Width increases - Alkane Resources Ltd
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Significant Porphyry Au-Cu Mineralisation Width increases

Alkane Resources has released further significant porphyry gold-copper mineralisation at its Boda prospect, within the Northern Molong Porphyry Project (NMPP) in central west NSW.

The Boda Prospect has been tested with one diamond core drill hole (KSDD005) 200 metres below a zone of gold-copper mineralisation previously defined in diamond drilling, with assay results indicating an increase in thickness of significant porphyry gold-copper mineralisation with depth.

The drilling is part of a 5,000 metre diamond core drilling exploration program to test the depth and strike extensions to the significant porphyry gold-copper mineralisation at Boda.

Alkane Resources Managing Director, Nic Earner, said: “These drill results give us further encouragement that the Boda Prospect is a significant discovery. The continuation of grade at depth and the consistency of mineralisation are further evidence of a big porphyry system. Alkane is continuing its follow up drilling, we look forward to bring shareholders further results as they become available.”

Alkane’s exploration activity over several years has established a geological framework for the region which highlights strong similarities with the Cadia district. Although structurally more complex than the Cadia Valley area, Alkane has been able to reconstruct the geology in the area and has shown that a stratigraphic sequence similar to that at Cadia exists within the project area, and that mineralisation is hosted by similar rock types at very similar stratigraphic positions.

The ASX announcement can be found here.