Alkane Resources: Underground and beyond
ALKANE Resources has continued on its stellar run for 2019. The company’s shares, hovering at about $0.20c in May, have marched upward to $0.80c by mid-October on the back of a strong gold market, the transition to underground mining commencing at its flagship Tomingley Gold Project in NSW and exciting results from its exploration program. The exploration program has returned and a host of high-grade results from an aggressive drilling campaign at the San Antonio and Roswell prospects, which provide ore feed for the Tomingley Gold Project. And, in what is being compared to Newcrest’s Cadia East deposit, the company has confirmed a significant copper-gold porphyry mineralisation at the Boda and Kaiser prospects in its Northern Molong Porphyry Project (NMPP).…