Alkane Resources Limited (ASX:ALK) has been granted a trading halt by the ASX pending the release of latest exploration results from the Boda Prospect within the Northern Molong Porphyry Project in NSW.
The trading halt will remain in place until the beginning of ASX trading on Monday, March 23, 2020, or when an announcement is released to the market, whichever occurs earliest.
Significant porphyry gold-copper mineralisation
Last month, Alkane intersected 689 metres at 0.46 g/t gold, 0.19% copper from 402 metres depth at the Boda Prospect.
Diamond hole KSDD0005 was testing 200 metres below the 507-metre discovery zone of gold-copper mineralisation drilled in KSDD003.
Most notably, KSDD005 assay results indicate an increase in thickness of significant porphyry gold-copper mineralisation with depth