Announcement Date: 2022-05-30
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Alkane Resources Ltd.
Project name: Northern Molong
Location: Australia
Commodities: Gold,Silver,Copper
Highlight: Initial Resource Estimate for Deposit
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Alkane Resources Limited (ASX: ALK) is pleased to announce the initial Boda resource following its extensive drilling program at the Company’s Boda Prospect in Central New South Wales. Boda is a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project, which the Company believes has the potential to be a large, tier one gold-copper project. Alkane also operates the nearby Tomingley Gold Operations (‘Tomingley’). Alkane Managing Director, Nic Earner, said: “This initial resource begins to show the significant potential of both Boda and the larger Northern Molong Porphyry Project. “Since the original drill discovery in 2019 we have steadily demonstrated that mineralisation extends over more than 3 kilometres from Boda Three to Kaiser. We are well advanced in a shallower drilling program at Kaiser-Duke that should enable an initial resource to be confirmed there. “This resource at Boda is just the beginning!
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