Announcement Date: 2022-10-25
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Alkane Resources Ltd.
Project name: Northern Molong
Location: Australia
Commodities: Gold,Copper
Highlight: Drilling results incl. 1041m at 0.32g/t Au, 0.17% Cu from 698m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Alkane Resources Limited (ASX: ALK) is pleased to announce further results from its drilling program at the Company’s Northern Molong Porphyry Project in Central New South Wales. The program extends over three kilometres from Kaiser, through Korridor and Boda, down to Boda Two and Boda Three. The Company believes this system 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: “The drill results at Korridor confirm that extensive gold-copper porphyry mineralisation continues northwest of the Boda resource. The initial shallow resource drilling program at Kaiser is now complete, we expect to receive results over the next two months and complete our initial JORC resource estimation for Kaiser in Q1 2023.
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