Deep Drilling Intersects Epithermal Mineralisation 1 km Below Proprietary Pit at Peak Hill
Alkane's deep diamond hole PHD084 at Peak Hill reached 1,651m and intersected advanced argillic alteration over 1 km below the Proprietary pit, indicating strong vertical continuation of the epithermal gold system. The hole's primary porphyry target was not resolved — it hit phyllic alteration but did not reach an underlying intrusion — and assays were low grade (best: 0.42 g/t Au over 6.4m; 0.11 g/t Au over 153m at depth). A 6,600m follow-up program begins in November to test grade continuity and whether PHD084 missed the high-grade core; a new study will evaluate proximity of 'pencil' porphyry intrusives.
Key figures
- Grant awarded
- $165,000
- Best intercept
- 0.42 g/t Au over 6.4m from 1,000.6m incl 1.02 g/t Au over 2m
- Deep intercept
- 0.11 g/t Au and 0.02% Cu over 153m from 1,427m
- Drill hole depth m
- 1651
- Peak hill resource
- 1.02Mt at 3.29 g/t Au and 0.15% Cu (JORC Inferred)
- Planned drilling m
- 6600
AI analysis
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