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More gold for Alkane

spartan gold

Alkane Resources has announced further results from its drilling program at its Northern Molong Porphyry project (NMPP).

The NMPP is located near Wellington in the central west region of New South Wales.

The drilling program conducted recently – as well as the one in August – extended over five kilometres from Alkane’s Kaiser and Boda deposits, through Boda 2-3 and south to Boda 4.

Both drilling programs at NMPP found significant intercepts of gold equivalent and copper, which Alkane said demonstrates how the system has the potential to be a large, Tier 1 gold-copper project.

“Boda continues to evolve towards its potential as a large, Tier 1 gold-copper resource,” Alkane managing director Nic Earner said.

“The current program of infill drilling is now complete, it is particularly pleasing to see not only further mineable grades over extensive intervals, but also new zones of higher-grade mineralisation and expansions of high-grade zones previously identified.

Alkane’s exploration team is continuing the infill drilling at the Kaiser deposit, which earned the company the NSW Minerals Council’s Explorer of the Year award in May. It is also working on the updated resource estimate for the Boda deposit.

“This is building to a preliminary economic assessment that is currently underway and will be completed once the Kaiser resource is updated in Q1 2024 (the first quarter of 2024),” Earner said.

The updated mineral resource estimate for the Kaiser and Boda deposits will build off the mineral resources and ore reserves statement Alkane released for the 2023 financial year (FY23) in September.

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