Alkane Resources Limited (ASX: ALK) has identified a higher-grade central zone with its drilling programme at the company’s exciting Boda Prospect in Central New South Wales, Australia.
Boda is a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project, which the company believes has the potential to be a large, tier one gold-copper project.
Alkane also operates the nearby Tomingley Gold Operations.
“Our resource drilling program is methodically growing our knowledge of the higher-grade material at Boda,” Managing Director, Nic Earner, said.
“We have experienced some delays at the laboratory, pushing our initial resource model back to April. Boda is just the first of the resource models we expect to put together in this area and we look forward to bringing Boda and subsequent models to investors, as we develop our understanding of what is emerging as a tier-one resource in a great location.”
Recent assays from the Boda resource drilling include:
BOD063 557m grading 0.52g/t Au, 0.12% Cu from 147m incl 207m grading 0.65g/t Au from 147m (gold only flanking zone) incl 12m grading 5.54g/t Au from 296m (gold only flanking zone) incl 2m grading 28.9g/t Au from 305m (gold only flanking zone)
BOD074 639m grading 0.36g/t Au, 0.14% Cu from surface incl 115m grading 0.75g/t Au, 0.32% Cu from 427m incl 45.7m grading 1.18g/t Au, 0.44% Cu from 474.3m also 6m grading 1.58g/t Au, 0.11% Cu from 189m.
BOD056 466m grading 0.34g/t Au, 0.14% Cu from 60m incl 20m grading 1.14g/t Au, 0.16% Cu from 275m also 13m grading 0.75g/t Au, 0.28% Cu from 316m also 21m grading 0.56g/t Au, 0.39% Cu from 487m
Drilling also continues to define the extent of a significant lower-grade gold-copper mineralised system at the Boda Two and Boda Three prospects.
Results include: KSDD049 561m grading 0.19g/t Au, 0.12% Cu from 293m incl 9m grading 0.63g/t Au, 0.25% Cu from 398m also 26m grading 0.42g/t Au, 0.18% Cu from 782m.
The current resource drilling programme at Boda continues to improve confidence for a maiden resource estimation that is now expected in April 2022 due to Covid-19 related delays experienced by the assaying laboratory.
For further information please visit: https://www.alkane.com.au/
