Alkane Resources Limited - Extensive Mineralisation Outside Boda Mineral Resource

Assay results were received from diamond core and RC drilling at Boda Two intersecting zones of extensive gold-copper porphyry mineralisation.

Higher grades are associated with intrusive breccias and skarn mineralisation.

Alkane Resources Limited (ASX: ALK) is pleased to announce further results from its drilling program at the Company's Northern Molong Porphyry Project in Central New South Wales. The program extends over three kilometres from Kaiser to Boda, down to Boda Two and Boda Three. The Company believes this system has the potential to be a large, tier one gold-copper project. Alkane also operates the nearby Tomingley Gold Operations.

Alkane Managing Director, Nic Earner, said, 'We continue to see mineralisation extending to the south of Boda into Boda Two. This includes higher grade areas within the Boda Two system.

In our recent drilling we believe we have intersected a 'causative' monzodiorite dyke or pencil intrusive at Boda Two. We will use these results, expected in August 2023, to assist us in locating further higher-grade areas within the mineralisation.

There is a lot of drilling still to come to further define the full 3km mineralised zone from Kaiser to Boda and then Boda Two and Three beyond. The Company looks forward to releasing results of this program as we work towards an upgraded mineral resource towards the end of the year.'

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