Alkane Resources (ASX:ALK) reported new drilling from its Northern Molong Porphyry Project in New South Wales, including breccia-style mineralization between Boda and Kaiser, according to an Australian bourse filing on Wednesday after market hours.
The drilling program included one diamond hole and multiple reverse circulation (RC) holes targeting structural and geophysical features between and surrounding the Boda and Kaiser deposits, as well as additional RC drilling at the Haddington and Glen Hollow prospects within the Comobella Intrusive Complex, per the filing.
Assay results included 23.5 meters grading 0.2 grams per tonne gold and 0.1% copper, including 3.2 meters at 0.3 grams per tonne gold and 0.2% copper in the Boda-Kaiser corridor, 9 meters at 0.3 grams per tonne gold near the deposit, and 3 meters at 1.7 grams per tonne gold in district exploration, the filing said.
The program intersected magmatic-hydrothermal brecciation and porphyry-style alteration, with additional work planned to test continuity along strike and up-dip.
Mobile magnetotellurics geophysical work has identified six new high-priority porphyry targets north of the main deposits, which are now being validated on the ground, the filing added.