Today, Alkane Resources has released further significant high grade gold-copper mineralisation at its Boda prospect with assay results for two core holes, KSDD006 and KSDD007.
KDD007 is positioned 100 metres south from the zone of gold copper mineralization defined in holes KSDD003 and KSDD005. The results indicate a substantial improvement in grade and width of the porphyry mineralisation to the south including a high grade gold-copper chalcopyrite central zone with intercepts of:
- 1,167m @ 0.55g/t gold, 0.25% copper from 75 metres
- incl 512m @ 1.00g/t gold, 0.44% copper from 688 metres
- incl 376m @ 1.30g/t gold, 0.56% copper from 768 metres
- incl 96.8m @ 3.97g/t gold, 1.52% copper from 768 metres
KSDD006 is positioned 100 metres north from the zone of gold-copper mineralisation defined in holes KSDD003 and KSDD005. Extensive gold-copper mineralisation suggestive of the upper levels of the Boda porphyry system was intersected returning drill intercept highlights of:
- 267m @ 0.29g/t gold from 268 metres
- and 341m @ 0.20g/t gold, 0.21% copper from 607 metres
The drilling is part of a 5,000 metre diamond core drilling exploration program to test the depth and strike extensions to the significant porphyry gold-copper mineralisation at Boda. Two remaining cores holes (KSDD008 and 009) in the exploration program are now complete and the core is being logged and sampled. Results are expected in April.
Alkane Resources’ Managing Director, Nic Earner, said: “These excellent results confirm the Boda Prospect as a significant discovery. Intersecting both a high grade zone and a large consistent body of mineralisation are key attributes needed to show this has the potential to be a future mining operation. Alkane is waiting on assays from our final holes of this program and we look forward to bringing shareholders further results as they become available”.
Alkane’s exploration activity over several years has established a geological framework for the region which highlights strong similarities with the Cadia district. Although structurally more complex than the Cadia Valley area, Alkane has been able to reconstruct the geology in the area and has shown that a stratigraphic sequence similar to that at Cadia exists within the project area, and that mineralisation is hosted by similar rock types at very similar stratigraphic positions.