Boda and Kaiser
The Boda and Kaiser prospects are located 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 an increase in thickness and grade of porphyry gold-copper mineralisation at depth.
Since the discovery hole, we have continued extensive drilling and geophysical surveys at Boda and surrounds (Boda 2 and Kaiser) to test the size and shape of the mineralisation:
- Phase 1 drill program (commenced November 2019) – five additional diamond holes confirmed the discovery of significant high-grade gold and copper mineralisation
- IP geophysical survey – identified anomalies that suggested porphyry systems
- Phase 2 drill program (commenced July 2020) – RC and diamond holes totalling 30,000m to test the controls and dimensions to the high-grade zone and extensions to the large low-grade mineralised envelope.
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 400m wide by 1km long area, which is 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.
