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52.5¢ alkane resources limited

Thanks for the interesting reply. Just one small question (which...

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toneboy

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19/12/19

16:26

Post #: 42054915
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Originally posted by mja: ↑

The mineralisation was over 502m and was open at end of hole, ie once the drill reached it's target depth it was still in mineralisation. The mineralisation began 211m underground. The excitement is the total depth of the intercept, very unlikely they drilled up the centre of a narrow cylinder that started 200m underground and kept the angled drill bit in this narrow cylinder for 500m. So in my opinion they will have an economic deposit, helped by fact Boda is near a regional city and in relatively flat farmland like terrain ie not the outback or rugged terrain in another part of the world. There is a chance the step out drilling could miss, if they step out in the wrong direction. But this would be a temporary set back while waiting for drill results from step out in a different direction. The upside is if a drill result shows higher grade mineralisation similar to Cadia, which has an ASIC less than $200 after copper credits.

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Thanks for the interesting reply. Just one small question (which I could probably find if I did a modicum of research myself), but when you said "the angled drill bit", are you saying they drilled the sample at an angle not perpendicular to Earth? If so, purely for interests sake, what angle?

ALK Price at posting: 56.5¢ Sentiment: Hold Disclosure: Held
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