Announcement Date: 2023-02-27
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Alkane Resources Ltd.
Project name: Northern Molong
Location: Australia
Commodities: Gold,Silver,Copper
Highlight: Updated Resource Estimate for Kaiser 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 Kaiser resource following its extensive drilling program at the Company’s Kaiser Prospect in Central New South Wales. The Kaiser resource is located 500 metres northwest of Boda, 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 addition of the Kaiser resource to Boda further demonstrates the significant potential of the Northern Molong Porphyry Project and Alkane’s large tenement package. “Kaiser and Boda together now approaches 15 million gold equivalent ounces, and after adding Kaiser, copper now exceeds the value of gold in the system.
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