Alkane Finds Deeper Gold Potential at Peak Hill
Alkane plans six more diamond holes after a 1,651m drill hit suggested Peak Hill mineralisation may extend deeper, the company said.
- On Wednesday, Alkane Resources Limited announced exploration results from its Peak Hill Gold Project in New South Wales, revealing a deep diamond drill hole that intersected gold-copper mineralisation approximately 1km beneath the former Proprietary open pit.
- Alkane mined Peak Hill's oxide zone from 1998 to 2005, and the project is currently under care and maintenance. A $165,000 NSW Government exploration grant supported this latest deep-drilling program to investigate a deeper copper-gold porphyry system.
- The 1,651m diamond drill hole PHD084 intersected alteration and low-grade mineralisation indicating the epithermal gold system extends to significant depth. Drilling returned 153m at 0.11g/t gold and 0.02% copper from 1,427m, including 4.8m at 0.46g/t gold and 0.06% copper.
- Alkane will mobilise a rig to Peak Hill in November to complete six additional diamond drill holes totaling 6,600m. The company expects final assay results from this follow-up campaign in 2027.
- Further drilling aims to delineate the epithermal gold deposit's scale while vectoring toward a potential copper-gold porphyry system at depth. Managing Director Nic Earner confirmed the company is evaluating the proximity of possible porphyry intrusives before commencing additional testing.
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Alkane finds deeper gold potential at Peak Hill
Image: Enrique del Barrio/stock.adobe.comAlkane Resources is considering a new drilling campaign after identifying gold-copper mineralisation approximately 1km beneath the former Proprietary open pit at its Peak Hill project in New South Wales (NSW). A 1651m diamond drill hole, PHD084, intersected alteration and low-grade mineralisation that Alkane believes could indicate the continuation of the Peak Hill epithermal gold system […] Australian Mi…
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Deep Drilling Intersects Epithermal Mineralisation 1 km Below Proprietary Pit at Peak Hill
PERTH, Australia, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKRY) (‘Alkane’) is pleased to announce the latest exploration results at its Peak Hill Gold Project (Peak Hill) in New South Wales.
Alkane Resources finds gold 1 km below Peak Hill pit
Alkane Resources Limited (ASX: ALK) (TSE: ALK) (OTCMKTS: ALKRY) reported on Wednesday that hole PHD084 returned 153 metres at 0.11 grams per tonne gold beneath the Proprietary pit at Peak Hill. The result identifies mineralisation about 1 kilometre vertically below the pit, giving Alkane a deeper target for a 6,600-metre program planned for November. Shares traded lower at A$1.72 in Sydney at 12:48 p.m. AEDT on Thursday (ASX: ALK). The 1,651-met…
Deep Drilling Intersects Epithermal Mineralisation 1km Below Proprietary Pit at Peak Hill - Alkane Resources
Alkane is pleased to announce the latest exploration results at its Peak Hill Gold Project (Peak Hill) in New South Wales. Summary Drilling result highlights Intercepted mineralisation within epithermal to porphyry traditional environment: Interpreted 1km depth extension to the Peak Hill epithermal system: Alkane Managing Director, Nic Earner, said: “The NSW Critical Minerals Exploration grant […]
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