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Alkane Resources in trading halt ahead of Boda results

In 2019, Alkane discovered significant porphyry gold-copper mineralisation at the Boda Prospect.

Alkane Resources Ltd - Alkane Resources in trading halt ahead of Boda results
Alkane shares last traded at 99.5 cents

Alkane Resources Ltd (ASX:ALK) has been granted a trading halt by the ASX pending the release of significant exploration results from drilling at the Boda Prospect.

Shares in the company will remain halted until the earlier of either the release of relevant information, or, the commencement of trading on Friday 14 February 2020.

In September 2019 Alkane drilled 502 metres at 0.48 g/t gold and 0.20% copper at its Boda Prospect within the Northern Molong Porphyry Project in New South Wales.

Alkane commenced a follow-up 5,000-metre drilling program to test the substantial Boda porphyry gold-copper mineralisation along strike and down dip.

Proactive caught up with Alkane in September 2019 to discuss the discovery at Boda.

Quick facts: Alkane Resources Ltd

Price: 1.075 AUD

ASX:ALK
Market: ASX
Market Cap: $639.89 m
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