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Nagambie Resources Says Alkane Unit Begins Drilling At Victoria Antimony-Gold Project

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Nagambie Resources (ASX:NAG) said Mandalay Resources Costerfield Operations, a wholly-owned unit of Alkane Resources (ASX:ALK) began diamond drilling of the antimony-gold project at the Nagambie mine in Victoria, according to a Wednesday Australian bourse filing.

Nagambie and Alkane earlier entered into an earn-in and potential joint venture over Nagambie's mining license MIN 5412 and exploration license EL 5511. Alkane will provide Nagambie with quarterly reports on exploration activities across the tenements to support Nagambie's ASX disclosure obligations, per the filing.

Alkane's shares rose 1% in recent trading on Wednesday.

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