ALK 0.60% 42.3¢ alkane resources limited

Ann: Trading Halt, page-61

  1. 1,402 Posts.
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    Re-reading today's announcement ....and quite a few people will have missed it ,as I did initially ..... as its NOT in the headline results on P1 .
    Within the BODA drilling results , there is an intercept of 108m @ 1.06g/t gold, 0.41% copper from 408m .
    That appears on P4 of the Announcement , and also in the full outline of the drill results of KSDD003 .
    So , whilst the 502 metres hit is exceptionally good as regards width , there is also this 108 metre interval grading over 1g/t !!
    That is just another factor why this can be regarded as potentially , the start of finding a very large
    porphyry system .

    Couple big tonnage , with intervals of high grades of this size .....and you have a big prize potentially unfolding . Hence the references to the similarities to the start of finding Cadia/ Ridgeway .
 
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