Alkane Resources Ltd (ASX:ALK) has intersected 689 metres at 0.46 g/t gold, 0.19% copper from 402 metres depth at the Boda Prospect within the Northern Molong Porphyry Project in NSW.
Diamond hole KSDD0005 was testing 200 metres below the 507-metre discovery zone of gold-copper mineralisation drilled in KSDD003.
Most notably, KSDD005 assay results indicate an increase in thickness of significant porphyry gold-copper mineralisation with depth.
The drilling is part of a 5,000-metre diamond core drilling exploration program to test the depth and strike extensions to the significant porphyry gold-copper mineralisation at Boda.
Results are further evidence of a big porphyry system
Alkane’s managing director Nic Earner said: “These drill results give us further encouragement that the Boda Prospect is a significant discovery.
“The continuation of grade at depth and the consistency of mineralisation are further evidence of a big porphyry system.
“Alkane is continuing its follow up drilling, we look forward to bring shareholders further results as they become available.”