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Alkane Resources Update on Boda Prospect in Northern Molong Porphyry Project

Mining News - Published on Tue, 18 Feb 2020

Image Source: Alkane Resources
Alkane Resources Ltd reported the Boda Prospect has been tested with one diamond core drill hole KSDD005 200 metres below a zone of gold-copper mineralisation previously defined in diamond drilling (507m @ 0.48g/t Au, 0.20% Cu from 211m in KSDD003). KSDD005 assay results indicate an increase in thickness of significant porphyry gold-copper mineralisation with depth. Drill intercept highlights include:
KSDD005 689m @ 0.46g/t gold, 0.19% copper from 402 metres
incl 312m @ 0.70g/t gold, 0.19% copper from 402 metres
incl 119m @ 1.47g/t gold, 0.29% copper from 463 metres
incl 10m @ 3.77g/t gold, 0.63% copper from 464 metres
also 12m @ 4.38g/t gold, 0.75% copper from 564 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.

The Boda Prospect is part of the Northern Molong Porphyry Project (NMPP) which incorporates exploration licences covering an area of 110 km2 of the northern Molong Volcanic Belt (MVB), in the Central West of New South Wales. The northern MVB, within the eastern Lachlan Orogen is considered highly prospective for large porphyry gold-copper mineralisation, as demonstrated by the world class Cadia Valley porphyry district, located 110 km to the south.

Alkane Resources’ Managing Director, Nic Earner, said: “These drill results give us further encouragement that the Boda Prospect is a significant discovery. The continuation of grade at depth and the consistency of mineralisation are further evidence of a big porphyry system. Alkane is continuing its follow up drilling, we look forward to bring shareholders further results as they become available”.

Source :

Posted By : Nishith Sharma on Tue, 18 Feb 2020
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