Northern Molong Porphyry Project - Alkane Resources Ltd
Level 12, 37 Bligh Street +61 2 8233 6168 contact@irmau.com

Northern Molong Porphyry Project (gold-copper)

The Northern Molong Porphyry Project (NMPP) covers an area of 115 square km, centred about 20km north of Wellington and about 35km east of Dubbo in central western New South Wales.

The project covers a section of the northern Molong Volcanic Belt, which is highly prospective for large-scale porphyry gold-copper deposits similar to the Cadia Valley deposits near Orange. Alkane’s exploration activity over the past several years has established a geological framework for the project area and demonstrated the existence of stratigraphic and intrusive rock sequences similar to that at Cadia.

Alkane has a number of exploration prospects located adjacent to five identified magnetic complexes (Kaiser, Boda, Comobella, Driell Creek and Finns Crossing) within a 15km northwest trending corridor. These prospects are being drilled in stages as we explore the extent of the mineralisation.

At present we have three exploration targets :

  • Kaiser-Boda – Located at the western margin of the Boda Magnetic Complex, this target comprises a 5km long, 1km wide corridor of monzonite intrusives, extensive propylitic to potassic alteration with gold and copper mineralisation. Numerous intercepts at Kaiser with a small high-grade historically mined body.
  • Comobella – This 21 square km area comprises several copper-gold intercepts associated with extensive altered monzonite intrusives.
  • Finns Crossing – aeromag target (skarn like characteristics) and separate strong IP chargeablity anomaly. Extensive argillic lithocap.

The project encompasses four exploration licences (EL4022 – Bodangora, EL6209 – Kaiser*, EL 8887 – Boda South and EL8261 – Finns Crossing).

In 2019, significant porphyry-style gold-copper mineralisation was identified at the Boda Prospect, located at the western margin of the Boda Magnetic Complex. We believe Boda has potential to be a large, tier one gold-copper project.

Map of Exploration Prospects

*Kaiser (EL6209) covers approximately 127ha and is fully enclosed by the Bodangora licence. Alkane holds a 100% interest in this licence; however, Ajax Joinery Pty Ltd retains a 2% net smelter royalty over any production from within the licence area.