Cudal - Alkane Resources Ltd
Level 12, 37 Bligh Street +61 2 8233 6168

Cudal (Base Metals – Gold; EL7020)

Located 30km west of the Cadia Valley Operations of Newcrest Mining Ltd and covers a large portion of the Ordovician Cargo Block, a region considered highly prospective for alkalic porphyry gold-copper related mineralisation and sedimentary replacement style gold-zinc mineralisation.

Current Project Status

Exploration drilling in the Bowen Park 1 area, the northernmost group of old workings commonly referred to as Bowen Park, intersected strong gold + zinc + silver mineralisation (17m @ 1.2 g/t Au, 2.8% Zn,7.29g/t Ag from 96m, including 4m @ 2.2 g/t Au, 7% Zn, 16 g/t Ag) within a carbonate-rich fault zone (intermediate-sulphidation epithermal mineralisation).

More recent drilling, as a follow-up of this earlier work, has identified a significant multiphase intrusive complex and porphyry-style alteration adjacent to the Bowan Park Limestone in the Bowen Park1-Kurrajong Prospect area.