Curated News
By: NewsRamp Editorial Staff
April 29, 2024
Alkane Resources Boosts Confidence in Gold-Copper Property Following Kaiser Resource Update
TLDR
- Investors can gain a significant advantage from Alkane Resources' updated resource figures, indicating substantial deposits of gold and copper.
- The resource update for the NMPP's Kaiser deposit shows a total of 213 million tonnes at a grade of 0.55 g/t gold equivalent, with promising metallurgical results supporting the development of a viable flowsheet.
- Alkane Resources' resource update has the potential to make the world a better place by potentially leading to economic development and job creation in Central West New South Wales.
- The extensive infill drill program and revised resource figures from Alkane Resources have led to heightened confidence in the Kaiser deposit's potential for substantial gold and copper deposits.
Impact - Why it Matters
The resource update from Alkane Resources Ltd provides valuable information about the potential economic outcomes and development plans for the Boda and Kaiser districts. It also highlights substantial deposits of both gold and copper in both camps, which could have significant implications for the mining industry and the local economy.
Summary
Alkane Resources Ltd has announced a resource update for the Northern Molong Porphyry Project’s Kaiser deposit in Central West New South Wales. The update reveals a total resource of 213 million tonnes at a grade of 0.55 g/t gold equivalent, totaling 3.74 million ounces. The company's managing director, Nic Earner, emphasized the heightened confidence in the Kaiser deposit’s potential and the upcoming scoping study expected later this quarter.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Alkane Resources Boosts Confidence in Gold-Copper Property Following Kaiser Resource Update
