Alkane has released further extensive porphyry gold-copper mineralisation at the Boda prospect with assay results for diamond core drill hole KSDD008.
KSDD008 is positioned 100 metres south of the zone of significant high-grade gold-copper mineralisation defined in hole KSDD007. KSDD008 intersected extensive gold-copper mineralisation including multiple internal significant mineralisation zones with intercepts of:
- KSDD008 965.7m grading 0.21g/t gold, 0.11% copper from 7.3m
- incl 8.0m grading 0.50g/t gold, 0.37% copper from 194m
- also 13.3m grading 0.54g/t gold, 0.29% copper from 243.7m
- also 153.0m grading 0.40g/t gold, 0.13% copper from 480m
- incl 29.0m grading 0.99g/t gold, 0.22% copper from 548m
- also 122.0m grading 0.24g/t gold, 0.19% copper from 851m
KSDD008 confirmed significant gold-copper mineralisation over a minimum 300-metre strike length at the Boda prospect. One remaining core hole (KSDD009) in the current program is positioned 100 metres further south and is awaiting assay results expected in May.
Alkane’s Managing Director, Nic Earner, said: “We’re delighted to confirm further extensive mineralisation at the Boda Prospect. Our drilling to date demonstrates broad, ore-grade mineralisation over at least a 300m north-south by 400m wide zone with over 800m depth, with the mineralisation open along strike and at depth, and a significant higher-grade core with exceptional characteristics. Alkane has one further hole to report from this program, we will then be consolidating results, together with our recently conducted IP survey, and determining the size and scale of our next drill program”.
Alkane’s exploration activity over several years has established a geological framework for the region which highlights strong similarities with the Cadia district. Although structurally more complex than the Cadia Valley area, Alkane has been able to reconstruct the geology in the area and has shown that a stratigraphic sequence similar to that at Cadia exists within the project area, and that mineralisation is hosted by similar rock types at very similar stratigraphic positions.