Other Exploration Projects
Alkane’s exploration projects are primarily located in central western New South Wales. They include gold, gold-copper and other metal (nickel, zinc and silver) prospects.
Cudal (Base metals, gold; EL7020)
Cudal is located 20km northwest of the Cadia Valley Operations of Newcrest Mining Ltd in central western NSW. The exploration licence covers a portion of the Ordovician Cargo Block, a region considered highly prospective for alkalic porphyry gold-copper mineralisation and sedimentary replacement-style gold-zinc mineralisation. Key prospects include the Bowen Park 1 prospect, located in the northernmost group of old workings commonly referred to as Bowen Park, and the Kurrajong prospect.
Exploration drilling in the Bowen Park 1 / Kurrajong prospect area has identified strong gold + zinc + silver mineralisation associated with a significant multiphase intrusive complex and porphyry-style alteration adjacent to the Bowan Park Limestone. Alkane has completed geological mapping and high-resolution ground magnetics to assist with further drilling target definition.
Wellington (Copper-gold; EL6320)
The Wellington Project hosts Galwadgere, a small copper-gold deposit with volcanogenic massive sulphide-type characteristics. It is located southeast of Dubbo.
The Galwadgere deposit was drilled out in 2005 and a scoping study indicated that additional resources are required to generate acceptable returns. Preliminary drilling at the North Galwadgere prospect, an immediate extension at depth, indicated extensions of the mineralised horizon with generally higher levels of gold, zinc and other trace elements, suggesting zonation within the system.
In 2020 Alkane entered into an option agreement with Sky Metals Limited that would enable Sky to earn 100% in the tenement after completing an initial exploration program.
Elsienora (Gold, base metals; EL8550)
The Elsienora tenements are located 75km south of Blayney and are considered prospective for orogenic-style gold mineralisation and volcanic-hosted gold and base metal mineralisation. Alkane holds a 100% interest in the licence after buying out the vendor, Balamara Resources.
Scout drilling in 2015 identified a zone of gold mineralisation at the Cuddyong prospect and a zone of gold-silver-barium mineralisation at the Picker Prospect. This led to a second phase of drilling at the Cuddyong prospect that successfully delineated a zone of strong alteration and quartz veining hosted volcaniclastic sediments along a strike length of approximately 700m (using a>0.5g/t gold cut-off). A detailed aeromagnetic survey has been completed to assist further target definition.
Rockley (Gold; EL8194, EL8527)
The Rockley Project is located 35km southeast of Blayney. Its three exploration licences cover a portion of the late Silurian Mumbil Group, a geological sequence considered highly prospective for structurally controlled gold and McPhillamys-style gold and base metal mineralisation.
Geological mapping, a high-resolution ground magnetic survey and a soil chemistry survey highlighted a gold multi-element anomaly around the historic Rosedale workings.
Armstrongs (Gold; EL8784)
Located west of Parkes, this prospect has similar geology to the Tomingley Gold Project and historic drilling has identified low-grade gold mineralisation over a 400 metre strike length. The available historic data is being reviewed and evaluated for economic potential.
Trangie (Nickel-copper, cobalt, titanium and rare earths; EL 8765)
The exploration licence targets a geophysical anomaly discovered by state aerial and ground surveys, featuring geology atypical for the region, located approximately five kilometres east of Trangie township. It is considered a prospect for a number of metals, including nickel, copper, cobalt, titanium and rare earths.
Mt Conqueror (Gold; EL8940)
Acquired in 2020, the Mt Conqueror exploration licence is centred about 10km northeast of Bathurst. It covers about 20km strike length of Silurian volcanics, with many gold and base metal workings and occurrences, and is considered prospective for McPhillamys style gold deposits. The historic data is being compiled before ground reconnaissance is initiated.
Leinster Region (Nickel-gold)
Alkane has a diluting 19.4 per cent interest in this Western Australian nickel-gold exploration venture (Miranda and McDonough tenements). The remaining share is held by Australian Nickel Investments Pty Ltd (ANI, a subsidiary of Western Areas Ltd).