Alkane Resources nears Kaiser resource upgrade with record gold hits

–News Direct–

On the brink of significantly upgrading the mineral resource estimate for its Kaiser deposit in the Northern Molong Porphyry Project in New South Wales, Alkane Resources Ltd (ASX:ALK) managing director Nic Earner takes Proactives Jonathan Jackson through the latest drilling results. Alkane has delivered the highest gold grades observed to date at the site, with an exceptional intercept of 8.6 metres at 14.8 g/t gold equivalent, including segments of 3.5 metres at 31.3 g/t and 1 metre at 62.2 g/t gold equivalent.

Earner highlights the remarkable findings from the final 12,000-metre round of drilling, which confirmed the presence of high-grade sections and a 'Boda' style breccia, intensifying the deposits prospects.

With these results, Alkane is poised to release an updated Kaiser resource estimate in April, enhancing the already impressive Boda resource figures. Looking forward, the company is conducting a scoping study to assess the mining viability of both Boda and Kaiser, with results expected in the June quarter.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/alkane-resources-nears-kaiser-resource-upgrade-with-record-gold-hits-946001894

Alkane Resources Limited

comtex tracking

COMTEX_449500270/2655/2024-03-19T11:17:20

Post Disclaimer

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Brite View Research journalist was involved in the writing and production of this article.