Alkane Resources Updates Mineral Resource for Sweden Deposit After Drilling Intercepts Gold-Bearing Quartz Veins

MT Newswires Live

Jul 29

Alkane Resources (ASX:ALK) updated the mineral resource for the Storheden deposit at its Björkdal operation in Sweden after recent drilling intercepted gold-bearing quartz veins along 2.7 kilometers strike length and to a depth of 464 meters, according to a Wednesday Australian bourse filing.

The mineral resource now includes indicated resources of 1.1 million tonnes grading 2.51 grams per tonne (g/t) grade of gold, or 87,000 ounces and inferred resources of 1.9 million tonnes grading 2.11 g/t grade of gold, or 125,000 ounces, the company said. This represents an increase of around 26% in inferred contained gold from the previous inferred resource.

The drilling delivered assays of 39.2 g/t grade of gold over 0.6 meters, as well as 107 g/t grade of gold over 0.4 meters.

The company's shares climbed nearly 2% in recent trading on Wednesday.

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This represents an increase of around 26% in inferred contained gold from the previous inferred resource.</p><p>The drilling delivered assays of 39.2 g/t grade of gold over 0.6 meters, as well as 107 g/t grade of gold over 0.4 meters.</p><p>The company's shares climbed nearly 2% in recent trading on Wednesday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RING","symbol_name":"iShares MSCI Global Gold Miners ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2655834435","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2655834435","pubTimestamp":1785287199,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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