Ann: High grade mineralisation from surface at Boda, page-3

High grade mineralisation from surface at Boda
Reverse Circulation (RC) drilling to test for shallow extensions to the high-grade breccia
first identified by KSDD007, intersected significant gold and copper grades from surface
with substantial assay results of:
KSRC043 31m grading 2.94g/t Au, 0.97% Cu from surface
incl 9m grading 9.43g/t Au, 2.65% Cu from surface
KSRC042 14m grading 0.40g/t Au, 0.11% Cu from 74m
and 226m grading 0.35g/t Au, 0.15% Cu from 108m
incl 10m grading 0.72g/t Au, 0.40% Cu from 157m
also 9m grading 0.73g/t Au, 0.50% Cu from 290m

Previously advised RC drill hole (KSRC038), which ended in mineralisation, was diamond
core tailed (KSRC038D) to also test for up-dip and strike continuation of the high-grade
breccia. The hole intersected a sulphide cemented breccia within a broad zone of goldcopper porphyry mineralisation with significant assay results of:
KSRC038D 711m grading 0.36g/t Au, 0.10% Cu from 118m
incl 17m grading 0.92g/t Au, 0.03% Cu from 302m
also 12m grading 1.93g/t Au, 0.20% Cu from 341m
also 17m grading 0.91g/t Au, 0.43% Cu from 501m
also 1m grading 15.2g/t Au, 0.14% Cu from 756m
A deep diamond core hole (KSDD034) with a wedge hole (KSDD034W2), tested down-dip
of the high-grade breccia. KSDD034W2 intersected a possible feeder structure and
conduit to the breccia with significant assay results of:
KSDD034W2 604m grading 0.13g/t Au, 0.14% Cu from 1,146m
incl 61m grading 0.10g/t Au, 0.26% Cu from 1,147m
incl 8m grading 0.25g/t Au, 0.61% Cu from 1,157m
also 32m grading 0.25g/t Au, 0.20% Cu from 1,249m
These recent drilling results indicate the high-grade sulphide cemented breccia at Boda
has a vertical extension of at least 800 metres, strikes northwest and dips sub-vertically
to steeply to the northeast. Ongoing drilling will continue to define its dimensions.
Results were also received from diamond core drill hole KSDD033, testing the southern
extensions to the mineralisation at Boda Two. The drill hole defined a zone of extensive
gold-copper porphyry mineralisation, with significant intercepts of:
KSDD033 995m grading 0.19g/t Au, 0.12% Cu from 322m
2/22
Alkane Resources Ltd – Northern Molong Porphyry Drilling – 16 August 2021
incl 8m grading 1.14g/t Au, 0.30% Cu from 894m
also 14m grading 0.49g/t Au, 0.23% Cu from 968m
also 30m grading 0.39g/t Au, 0.20% Cu from 1052m
also 7m grading 0.55g/t Au, 0.38% Cu from 1243m
and 21m grading 0.36g/t Au, 0.11% Cu from 1517m
Drilling continues at Boda, Boda Two, Boda Three and Kaiser-Duke utilising two diamond core
rigs and one high-capacity RC rig onsite, testing extensions and adding definition to the
identified mineralised systems.