ALK 3.77% 55.0¢ alkane resources limited

Ann: Quarterly Activities Report, page-20

  1. 1,396 Posts.
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    Thanks Macca ...and that's a good observation as per that 11th Announcement .
    As regards Boda 2 , and the potential of "a second porphyry " , it was this reference to " 5 km south of Boda in length" I guess made me allude to a replication of 400 x 1000 x 1100 model ALK has started with .

    This announcement also stated "We’ve mobilised a second diamond drill rig to site and we are currently targeting the identified high grade areas, infilling the very long and deep mineralised system and testing identified anomalies at Kaiser and, further to the south of Boda, an area about 5 kilometres in length."
    They also mention possible sub parallel structures , and re entry of mineralized RC holes to the north and south , to test the depth .
    As you say , more will be known as each drill program completes and assays are received . Pinches and swells in the ore body or ( plural) ore bodies are obviously likely , as are some holes with higher gold grades versus copper grades , and vice versa . Hopefully , replications of the high grade pod in HOLE 007 are not far off .
    The prize will be substantially enlarging , this already commercial deposit at todays copper and gold prices . Might take the best part of this year to get a much better handle on it , but the share price should respond with more momentum on each positive result .
 
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