Alkane Resources Drilling Extends Nagambie Gold-Antimony Mineralization in Victoria
Bitget2026/10/24 08:39- Alkane Resources reported drilling results confirming and extending the Nagambie gold-antimony system in Victoria.
- Drilling extended the C2 zone 115 meters below its previously known extent; mineralization remains open at depth.
- The C3 zone returned 17 g/t gold and 5.9% antimony over 1.3 meters within a broader mineralized interval.
- Alkane can earn 60% by spending AUD 12.5 million over three years, with an additional AUD 15 million securing 80%.
- Two diamond rigs continue exploration ahead of an April 2027 option deadline, targeting potential ore sources to extend Costerfield’s mine life.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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