ALK 2.61% 59.0¢ alkane resources limited

even with very deep holes this is taking long time. to me, it...

  1. 7,415 Posts.
    lightbulb Created with Sketch. 1405
    even with very deep holes this is taking long time. to me, it means extra holes and considering how tight the budget is I'd say this is good thing.

    I had some correspondence with IC in the past regarding this particular area and his view at that time (this is recent time while follow up holes were/are drilled) and the message was they will test strike and depth. I think (reasonably sure) strike meant to be the zone along 108 and above 094. While the deep hole to test right below 094 but not to look for continuation below Reids Fault. To try to test below Reids Fault they will need over 2km long hole as the displacement is about 450m and in wrong direction - heading deeper. Originally, I think they planned 3 holes but considering how long they've been there they could be drilling more than 3 - perhaps the visuals prompted them to do so.

    Or weather may forced them to pause so it takes longer to complete 3 holes of which one will be very deep.

    See below - possible holes based on what I understood IC was saying and if we are right and they do drill more than 3 holes:

    https://hotcopper.com.au/data/attachments/6123/6123285-3d1ee6c35197f17ecc41bf72459909c8.jpg



    pure speculation on my part.
 
watchlist Created with Sketch. Add ALK (ASX) to my watchlist
(20min delay)
Last
59.0¢
Change
0.015(2.61%)
Mkt cap ! $346.9M
Open High Low Value Volume
58.0¢ 59.0¢ 58.0¢ $71.45K 122.4K

Buyers (Bids)

No. Vol. Price($)
4 18052 58.5¢
 

Sellers (Offers)

Price($) Vol. No.
59.0¢ 32717 8
View Market Depth
Last trade - 10.08am 07/05/2024 (20 minute delay) ?
Last
58.5¢
  Change
0.015 ( 1.74 %)
Open High Low Volume
57.5¢ 59.0¢ 57.5¢ 54332
Last updated 10.32am 07/05/2024 ?
ALK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.