ALK 2.56% 57.0¢ alkane resources limited

Ann: Final Kaiser Assay Results Resource Estimation Underway, page-82

  1. 7,520 Posts.
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    considering ALK will be drilling out a resource in the central zone my guess is they will end up drilling bellow 005 and probably 50m south and north of it. This will test the zone I circled and bit of the eastern rocks to make sure mineralisation does not continue to the east which could also be a remote case.
    There is a channel like of some kind of contact zone that could lead to more mineralised zone to the east right to the border of the tenement. AQX drilled right against it and did not hit anything significant and it looks all the good stuff is on the western side of the Nindethana Fault.
    If the grade intercepted in 003 and 005 continue at depth we will not need too much strike as long as there is about 200m widths to add significant ounces and grade.
    With only 100m strike and 300m widths ALK can add more than 1.5m Oz @0.8g/t AuEq. And these are great grades for Porphyry deposit. It also allows to blend lower grades zones to bring the average grade to around 0.55g/t AuEq and still make huge profit while extending the mine life.

    https://hotcopper.com.au/data/attachments/4913/4913680-b04b816cfd77926aeee189b06ee782f9.jpg

    https://hotcopper.com.au/data/attachments/4913/4913686-232849ab586171dae379a2db5037490d.jpg

    Anything's possible. Once they test behind and below 005 it will show if the high grade zone moves to the east. The target circles I marked are still on ALK land. Just but on ALK.. and I think AQX did drill some holes on the other side of the tenement boundary with the holes terminating right on the boundary. While the target about 30m to the west of the boundary. Considering the mineralised zone (if any at all) will possibly be on the western side of that circle I think AQX were about 80m away from it. Again, there could be nothing there at all. This is pure speculation and the high grade zone could only be extending at depth and staying on the eastern side of the assumed mineralised envelop by ALK as per my mark/circle further up on the cross section of 005.
 
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