Alkane Resources has made positive progress on its drilling program at the Northern Molong Porphyry project (NMPP) in central west NSW.
Alkane is considered one of Australia’s up-in-coming multi-mine gold producers, with successes including the 2019 landmark porphyry gold copper mineralisation discovery at its Boda prospect within the NMPP.
The NMPP covers an area of 115 square kilometres and is centred about 20km north of Wellington and about 35km east of Dubbo.
The project covers a section of the northern Molong volcanic belt, which is highly prospective for large-scale porphyry gold-copper deposits, and extends 3km from Kaiser through Korridor and down to Boda.
Alkane has five identified exploration prospects located adjacent to the NMPP within a 15km north-west trending corridor: Kaiser, Boda, Comobella, Driell Creek and Finns Crossing.
Results seen in the NMPP include diamond core and reverse circulation (RC) drilling at Boda two, which confirmed zones of high-grade gold pyrite cemented breccia mineralisation within extensive gold copper porphyry mineralisation.
Alkane managing director Nic Earner said the results were encouraging.
“These early results from the most recent phase of drilling at Boda two confirm that large-scale mineralisation continues to extend to the south of Boda,” Earner said in an announcement.
“As we look to update and grow the collective resource base in and around Boda through the rest of 2023, it is exciting to have both a growing resource in Kaiser and Boda two building extensive mineralisation to the south.”
Two high-capacity diamond core drilling rigs are currently in operation in the Boda area.
As ground access conditions have improved, two additional high-capacity RC drill rigs are expected to mobilise over the coming month.