Alkane Resources reveals more extensive porphyry copper-gold at Boda discovery
Diamond hole KSDD008 has returned a 965.7-metre intersection from 7.3 metres at 0.21 g/t gold and 0.11% copper.
Company
Alkane Resources Ltd
ASX:ALK
Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKEF) is an Australia-based gold and antimony producer. The company has three wholly owned producing mines across Australia and Sweden: Tomingley (gold, NSW), Costerfield (gold-antimony, Victoria) and Björkdal (gold, northern Sweden). Alkane also owns the large gold-copper porphyry Boda-Kaiser Project in NSW
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Alkane Resources lifts gold bounty in Tomingley Corridor to plus-1 million ounces
The company has declared an initial inferred resource of 453,000 ounces for the San Antonio deposit.
Alkane Resources regional drilling south of TGO returns further broad, high-grade gold
The results will be included in a maiden resource estimate for the San Antonio prospect, which is expected shortly.
Alkane Resources on track to exceed FY20 minimum gold production guidance
Since February, the company has been acting in response to information from State and Federal authorities and complying with recommended measures to combat COVID-19.
Alkane Resources intersects high-grade gold, copper at Boda Prospect
Intersecting both a high-grade zone and a large consistent body of mineralisation show this area has the potential to be a future mining operation.
Alkane Resources in trading halt ahead of exploration results from Boda Prospect
The trading halt will remain in place until Monday, March 23, or when an announcement is released to the market.
Alkane Resources hits 49 metres at 8.71 g/t gold in resource definition drilling at San Antonio and Roswell
Assay results have been received for a further 13,000 metres of an initial 60,000-metre resource definition drilling program on San Antonio and Roswell prospects.
Alkane Resources closer to Dubbo Project development as Export Finance Australia confirms financing interest
The company’s Dubbo project represents a potential independent supply of critical minerals and is ready for development, subject to financing.
Alkane Resources drills 689-metre gold-copper porphyry section at Boda discovery
Shares opened at $1.16, a new 8-year high for Alkane stock as confidence rises for a significant porphyry discovery.
Alkane Resources in trading halt ahead of Boda results
In 2019, Alkane discovered significant porphyry gold-copper mineralisation at the Boda Prospect.
Alkane Resources appoints David Woodall to run Dubbo Project, shares up 14%
The Dubbo Project is the most advanced poly-metallic project of its kind outside China and is development-ready subject to financing.
Alkane Resources adds to Tomingley gold bounty with 445,000-ounce Roswell resource
Drilling is continuing in the prospective corridor south of Roswell and an initial inferred resource for the San Antonio deposit is anticipated in March.
Alkane Resources shares rise as more drill results received from Roswell, JORC resource imminent
A maiden JORC resource for the Roswell prospect is expected to be released in January as drilling continues at San Antonio.
Alkane Resources chairman Ian Gandel lifts holding to 23.45%
The company is accelerating the exploration and development of the Tomingley Gold Corridor within its Tomingley Gold Project in NSW.
Gold at all-time highs in AUD attractive to offshore investors
The gold price is most commonly quoted in US dollars and recently it has traded over US$1,600 per ounce.
Alkane Resources directors accept 100% of rights as $40.6 million offer completes
All five board members including the managing director and chairman took up their 1:8 rights in the recent rights issue.
Alkane Resources intersects additional broad high-grade gold up to 139.5 g/t at Tomingley in NSW
Following the initial 60,000-metre resource drilling program initialled in June 2019, the company has now completed 28,868 metres with the latest assays comprising 10,000 metres of drilling.
Alkane Resources raising up to $54.8 million to accelerate gold exploration and development
The capital raising includes an institutional placement to raise $20 million and a rights issue to raise up to $34.8 million.
Alkane Resources granted trading halt with material capital raising news pending
The company’s securities will remain in a trading halt until Thursday, November 20, or when an announcement is made to the market.
Alkane Resources outlines five more holes at recent Boda porphyry discovery
The drill rig is expected on site early next week with results to be released hole by hole.