KSDD027 intersected two zones of gold-copper porphyry mineralisation with grades and alteration similar to Boda and significant assay results of:
|KSDD027||360m grading 0.38g/t Au, 0.15% Cu from 0m (Duke Zone)|
|incl||7m grading 0.90g/t Au, 0.26% Cu from 119m|
|also||6m grading 0.90g/t Au, 0.29% Cu from 204m|
|also||6m grading 1.71g/t Au, 0.24% Cu from 332m|
|and||442m grading 0.17g/t Au, 0.11% Cu from 422m|
|incl||27m grading 0.31g/t Au , 0.13% Cu from 492m|
|also||58m grading 0.28g/t Au, 0.16% Cu from 735m|
The Duke Zone is currently interpreted from existing drilling to be approximately 250m wide, striking over 800m and open along strike and at depth.
Kaiser is located 1.5km northwest of the Boda porphyry discovery, within an open 4km northwest trending structural corridor hosting extensive alteration and gold-copper mineralisation with associated monzonite intrusives.
Diamond core hole KSDD027 was designed to test a conductive IP anomaly within the Duke Zone on the north-eastern flank of the Kaiser porphyry style mineralisation.
Drilling has continued at Boda, largely testing the southern extensions of the significant mineralised system, together with step out drilling from the very encouraging KSDD022 at Boda Two.
Assay results were received for four of the diamond core holes from the current program at Boda and Boda Two. The drilling continues to intersect extensive zones of gold-copper mineralisation. Significant intercepts include:
|KSDD017||152m grading 0.14g/t Au, 0.14% Cu from 88m|
|and||4m grading 2.46g/t Au, 0.26% Cu from 454m|
|and||18m grading 0.79g/t Au, 0.08% Cu from 541m|
|incl||4m grading 2.91g/t Au, 0.03% Cu from 548m|
|and||38m grading 0.35g/t Au, 0.11% Cu from 787m|
|KSDD018||382m grading 0.26g/t Au, 0.12% Cu from 337m|
|incl||22m grading 0.39g/t Au, 0.15% Cu from 463m|
|also||33m grading 0.47g/t Au, 0.14% Cu from 587m|
Boda drilling continues to test the dimensions and extensions to the large low-grade mineralised envelope as well as internal high-grade zones at Boda, and further assay results are expected in April 2021.
Alkane Managing Director, Nic Earner, said: “Our drilling program is revealing the emergence of an extensive mineralised system across Boda and Kaiser, consistent with our geological interpretation.
“Our drill program is revealing not only the very large scale of Boda, but potential repeat systems of significant scale within a structural corridor. These results give us added confidence to pursue our drilling campaign as we seek to identify what could potentially be a series of substantial deposits across our Northern Molong Porphory Project. Drilling continues and we look forward to bringing shareholders more results in April.”