Very good interview about Alkane on Proactive Investors website. Link at the bottom of the page.
About Barry Dawes:
Martin Place Securities executive Chairman Barry Dawes expects Australian gold companies will continue to generate strong investor returns in the coming years.
Mr Dawes, who wields two decades of experience at banks such as BT Australia, Macquarie and Deutsche within investment management and commodity and equity research and a further two decades with Martin Place Securities with research and capital raising.
Here are the Key highlights from this interview.
Reporter: Now we also saw a very interesting report at Boda in NSW can you just recap that report... and tell us what we should make of it?
Barry Dawes: This is very exciting. People forget that NSW is a mining state. We have Australia's biggest gold mine at Cadia near Orange and that is very exciting thing, it is a porphyry copper gold. We have a lot of mining activity in NSW and the exploration opportunity is outstanding.
Now what we saw this week is Alkane, it reported 508m of about point 7 grams eq of gold and copper. Now any mineralisation that goes over 500m and is continuous is likely to become a mine. It is very very impressive.
This is just one drill hole following up some work done a few years ago. I think we are about to see a lot more excitement from this. They are not at the highest grade part of the porphyry copper, they are looking for and I am sure we are going to see drilling over the next few months. But if you look at the Boda and the nearby Kaiser, they are 5km apart they are probably continuous.
So you have potential for something very very big and exciting there.
Ok so that looks great from Barry. I looked up some drilling from Cadia:
CE 408m@ 0.70 g/t Au and 0.29% Cu
CE 186m@ 0.18 g/t Au and 0.58% Cu
CE 214m@ 0.65 g/t Au and 0.22% Cu
So our hole at 502m@ 0.48 g/t and 0.20% Cu, is very very very good and we may have CADIA 2.0 with ALK.
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(20min delay)