Alkane Resources, Community, Copper, Discovery, Event award, Gold, News, Quarterly and half yearly results

Alkane strikes gold in Central NSW

Maiden drilling at Platina Resources’ Xanadu gold project in WA has confirmed a large-scale gold system over 600m by 600m in all directions.

Alkane Resources has announced the discovery of two extensive zones of gold-copper porphyry mineralisation at its Molong project, which the company says has the potential to make the project a large, tier one gold-copper asset.

The exploration company received the favourable results from diamond core and RC drilling at its Boda Two prospect.

“We continue to see mineralisation extending to the south of Boda into Boda Two. This includes higher grade areas within the Boda Two system,” Alkane managing director, Nic Earner, said.

“In our recent drilling we believe we have intersected a ‘causative’ monzodiorite dyke or pencil intrusive at Boda Two. We will use these results, expected in August 2023, to assist us in locating further higher-grade areas within the mineralisation.

“There is a lot of drilling still to come to further define the full 3km mineralised zone from Kaiser to Boda and then Boda Two and Three beyond. The company looks forward to releasing results of this program as we work towards an upgraded mineral resource towards the end of the year.”

Alkane was recently awarded the NSW Minerals Council’s Explorer of the Year award for its discovery of the Kaiser gold and copper project.

Kaiser also forms part of the company’s Northern Molong porphyry project alongside Boda.

NSW Minerals Council said Alkane Resources’ drilling program demonstrated an extensive mineralised system, and through the project the company demonstrated leading practice with its approach to exploration and its engagement with the local community.

The contribution made by all our finalists is a great example of the resilience and ingenuity shown by our world-class exploration sector in successfully overcoming a range of challenges in recent years, including floods and a global health crisis,” NSW Minerals Council chief executive officer Stephen Galilee said.

“Our exploration sector is essential to providing long-term economic security to regional communities right across NSW.  It is also essential to help meet demand for the metals of the future in industries like health, defence, advanced manufacturing, renewable energy and telecommunications.”

Send this to a friend