The Boda and Kaiser prospects are within Alkane’s Northern Molong Porphyry Project, located in central western NSW. Together, they comprise our Kaiser-Boda exploration target* (5km long, 1km wide corridor).

In September 2019, Alkane announced the assay results of the Boda “discovery hole” KSDD003 (502m @ 0.48g/t Au, 0.20% Cu from 211m), which indicated the potential for a significant alkalic porphyry gold-copper system.

Since the discovery hole, we have continued extensive drilling and geophysical surveys at Boda and surrounds (including Boda 2, Boda 3 and the Kaiser-Duke corridor) to test the size and shape of the mineralisation.

We are still in the early stages of defining the system, but the results of our drill programs are extremely encouraging. They confirm the presence of a very large mineralised corridor of up to 5km in length.

At Boda the mineralisation has been defined over a 400-metre wide by 1,000-metre long area, to a depth of 1,000 metres. The mineralisation remains open to the north, south and at depth, making Boda a genuine prospect for a large tonnage gold-copper alkalic porphyry development.

*Kaiser-Boda target: 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.

Explorer of the year award

Alkane won the NSW Minerals Council’s 2021 Explorer of the Year award for the Boda discovery.

Pictured (L-R) are Exploration Manager NSW David Meates, Technical Director Ian Chalmers, Non-Executive Director Tony Lethlean and Chairman Ian Gandel.