Assay results have been received for a further 19 core and RC drill holes testing the extensive gold–copper mineralisation at Boda, Boda Two, Boda Three and Kaiser within the Northern Molong Porphyry Project (NMPP).
Drilling at Boda to delineate the strike and dip extent of the porphyry gold-copper mineralisation continues. The drilling to date has defined numerous mineralised sub-vertical and northwest striking, intrusive related-hydrothermal breccias central to the Boda gold-copper porphyry system.
Significant results are:
KSDD040
155m grading 0.26g/t Au from 110m
and
848m grading 0.29g/t Au, 0.17% Cu from 337m
incl
103m grading 0.77g/t Au, 0.41% Cu from 671m
incl
19m grading 1.36g/t Au, 0.51% Cu from 701m
also
14m grading 1.42g/t Au, 1.03% Cu from 753m
KSDD042
676m grading 0.39g/t Au, 0.16% Cu from 116m
incl
1m grading 9.38g/t Au from 281m
also
30m grading 1.29g/t Au, 0.21% Cu from 312m
also
11m grading 1.24g/t Au, 1.66% Cu from 547m
and
60m grading 0.86g/t Au, 0.52% Cu from 622m
incl
11m grading 2.88g/t Au, 1.03% Cu from 622m
incl
1m grading 18.6g/t Au, 1.70% Cu from 627m
KSDD045
91m grading 0.23g/t Au, 0.05% Cu from 37m
and
679m grading 0.30g/t Au, 0.15% Cu from 161m
incl
21m grading 1.11g/t Au, 0.28% Cu from 250m
also
72m grading 0.75g/t Au, 0.30% Cu from 405m
also
8m grading 2.17g/t Au, 0.90% Cu from 803m
BOD055
62m grading 0.93g/t Au from 214m
incl
24m grading 1.99g/t Au from 240m
incl
6m grading 5.24g/t Au from 258m
These recent results are part of a nominal 50m x 100m drill hole grid sequence for the purpose of calculating a maiden resource estimate for Boda in the first quarter of 2022.
The outcropping Duke Zone at Kaiser, located 1.5km northwest of Boda, is approximately 250m wide and over 800m in strike length. The Duke zone was further tested with four drill holes and recent results include significant intercepts of:
KSDD036
9m grading 0.35g/t Au, 0.12% Cu, 38ppm Mo from 138m
and
205m grading 0.17g/t Au, 0.17% Cu, 22ppm Mo from 290m
incl
66m grading 0.24g/t Au, 0.30% Cu, 27ppm Mo from 290m
also
8.8m grading 0.25g/t Au, 0.34% Cu, 171ppm Mo from 399m
and
250.2m grading 0.18g/t Au, 0.11% Cu from 575.8m
KSDD037
2m grading 4.94g/t Au from 185m
and
3m grading 1.98g/t Au from 417m
and
30m grading 0.71g/t Au from 461m
incl
2m grading 4.02g/t Au from 474m
and
201m grading 0.25g/t Au, 0.16% Cu from 796m
incl
12m grading 0.77g/t Au, 0.28% Cu from 898m
KSDD038
451m grading 0.21g/t Au, 0.12% Cu from 9m
incl
82m grading 0.40g/t Au, 0.31% Cu from 310m
and
174m grading 0.12g/t Au, 0.13% Cu from 557m
and
53m grading 0.32g/t Au, 0.10% Cu from 1,062m
incl
3m grading 2.33g/t Au , 0.71% Cu from 1,103m
KAI039
120m grading 0.23g/t Au, 0.16% Cu from 6m
incl
12m grading 0.42g/t Au, 0.40% Cu from 81m
and
1m grading 1.23g/t Au, 0.06% Cu from 187m
Drilling at Boda Two and Boda Three further confirmed the extensive gold-copper mineralisation, with significant intercepts of:
KSDD035
159m grading 0.11g/t Au, 0.10% Cu from 0m
incl
9m grading 0.37g/t Au, 0.24% Cu from 0m
and
73m grading 0.09g/t Au, 0.11% Cu from 324m
and
42m grading 0.22g/t Au, 0.16% Cu from 605m
BOD053
185m grading 0.13g/t Au, 0.20% Cu from 100m
incl
32m grading 0.31g/t Au, 0.33% Cu from 122m
Boda Two and Boda Three prospects are currently defined by a 1,100m by 500m coincident gold-copper soil and magnetic high footprint with separate conductive IP anomalies. Further drilling is planned targeting high-grade zones within the broad lowgrade mineralisation.
Alkane Managing Director, Nic Earner, said, “Our systematic evaluation of Boda continues to deliver results. The mineralised system is growing, as is our understanding the nearby Duke and Kaiser deposits. We will continue to use these results to plan and deliver the forward drilling program, with further extensions expected.
The information we are gathering is expected to put us in a position to declare a maiden resource estimate for Boda in the first quarter of 2022.”
