Alkane is pleased to announce the latest exploration results highlighting the discovery of a new high-grade zone of the Cuffley Lode, and drilling results from the Sub-KC domain at depth below the Augusta mine and the Costerfield property in Victoria, Australia.
Program Summary
- 23 new holes have been drilled in an unmined area between the historical Cuffley north and south high-grade grade panels, and 17 additional holes have targeted the Sub KC domain at depth below the deposit.
- A new grade pod with areas of very high grade gold and antimony was identified in the Cuffley infill area, in a sparsely drilled zone previously thought to contain low grade due to the influence of a crosscutting fault.
- Additional high grade infill intercepts have made in the Sub KC system, and the first target testing holes looking for repetitions of the structural setup have been drilled.
- The Cuffley pod is readily accessible from existing infrastructure and is being incorporated into the mine schedule.
Assay Highlights
From Cuffley
- 580.9g/t gold and 24% antimony over 0.61m (ETW 0.54m) in AD270
- 168.9g/t gold and 33.5% antimony over 0.9m (ETW 0.78m) in AD265
- 60.1g/t gold and 15.2% antimony over 1.26m (ETW 1.17m) in AD292
- 124g/t gold and 48.6% antimony over 0.23m (ETW 0.22m) in AD275
From Sub KC
- 28.2g/t gold and 0% antimony over 0.99m (ETW 0.82m) in CSK044
- 73.2g/t gold and 18.8% antimony over 0.19m (ETW 0.18m) in CSK043
- 192g/t gold and 0% antimony over 0.17m (ETW 0.07m) in CSK043
- 16.1g/t gold and 12.7% antimony over 0.37m (ETW 0.34m) in CSK048
Alkane Managing Director & CEO, Nic Earner, said: “This discovery of unmined high-grade material directly adjacent one of Costerfield’s top-shelf historical orebodies showcases the importance of Alkane’s directive of revisiting and challenging old models and preconceptions surrounding mineralisation to extract value. We will continue seeking this new mineralisation alongside generating new targets within our leases.”