Alkane Resources (ASX:ALK) intersected epithermal gold-copper mineralisation around 1 km below the Proprietary open pit at its Peak Hill Gold Project in New South Wales. Deep hole PHD084, drilled to 1,651 metres, indicated the epithermal system continues to significant depth, although it did not intersect the targeted porphyry intrusion and instead showed signs of a nearby magmatic source. The hole returned 153 metres at 0.11 g/t gold and 0.02% copper from 1,427 metres, including 4.8 metres at 0.46 g/t gold and 0.06% copper. Alkane plans a six-hole, 6,600-metre diamond drilling program from November to test the area between PHD084 and its existing Inferred Resource of 1.02 million tonnes at 3.29 g/t gold and 0.15% copper.
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- Deep Drilling Intersects Epithermal Mineralisation 1 km Below Proprietary Pit at Peak Hill
Alkane Resources (ASX: ALK) reported results from deep diamond hole PHD084, drilled to 1,651 m at its Peak Hill Gold Project in New South Wales under a $165,000 NSW Critical Minerals grant. The hole did not resolve its copper-gold porphyry target, but it intersected advanced argillic alteration about 1 km below the Proprietary open pit, suggesting the epithermal gold system extends at depth. Assays returned 0.42 g/t Au over 6.4 m from 1,000.6 m, including 1.02 g/t Au over 2 m, though grades were lower than in the deposit core about 1 km above. Alkane plans 6,600 m of drilling from November to test the area between PHD084 and the Proprietary Inferred Resource.
- Auriginal Intersects 45.5 m of 1.05 g/t Au and 29.4 m of 1.32 g/t Au at Roger, Extending Gold-Copper Mineralization at Depth; Updated Mineral Resource Estimate Expected Before Year-End 2026
Auriginal Mining reported assays for four drill holes at its 100%-owned Roger Project in Quebec, completing all Phase 1 results; every hole returned gold-copper mineralization extending to about 660 m down-hole. The strongest hole, AUR-26-12, returned 45.5 m grading 1.05 g/t Au from 397.0 m, including 8.0 m at 4.37 g/t Au, while AUR-26-10 returned 29.4 m at 1.32 g/t Au from 402.0 m. Phase 1 drilling has extended the system to at least 1.4 km of strike and 150 m below historical drilling, and Phase 2 is about 70% complete. Visible gold was seen for the first time at Roger in hole AUR-26-20, with assays pending. An updated Mineral Resource Estimate for the Roger Zone is expected before year-end 2026, excluding this year's drilling.
- iMetal Resources Advances Phase 4 Drill Targeting at Gowganda West Gold Project as Shining Tree Camp Activity Accelerates
iMetal Resources is integrating 2025 drilling and historical data at its Gowganda West gold project in Ontario's Shining Tree Camp to refine the geological model before a planned Phase 4 program in Q4 2026. Its largest shareholder, McFarlane Lake Mining, hosted a site visit to compare geology and mineralization with its nearby Juby Gold Project, which hosts 1.07 million ounces Indicated at 0.96 g/t and 5.09 million ounces Inferred at 0.87 g/t. McFarlane's October 2 technical report showed a 61% rise in Inferred resources, including 1.82 Mt at 1.29 g/t in the 826 Zone. Elsewhere in the camp, PTX Metals finished a six-hole, 1,209-metre drill program at Ronda, with assays pending. iMetal cautioned that mineralization on nearby properties does not necessarily indicate mineralization at Gowganda West.
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Quimbaya Gold has reported assay results from the first six drill holes at Tahami Center, part of its Tahami Project in Segovia, Antioquia, Colombia, totaling 2,928 meters. All six intersected a copper-molybdenum porphyry system with geochemically anomalous but sub-economic mineralization; below the oxide zone, they average 0.021% Cu and 31 ppm Mo. Hole TCDH-006 returned 526.95 meters grading 0.041% Cu and 34.1 ppm Mo, including 98.70 meters at 0.062% Cu. The Cu/Mo ratio rises with depth, from 3.6 at 100–200 meters to 26.4. Drilling at Tahami Center will pause so the data can be modelled, while drilling continues at the Tahami South Gold-Silver target and the company plans stream sediment sampling and a magnetic survey to find other near-surface porphyry targets.
- Yukon Metals identifies copper-gold system at Viper prospect
Yukon Metals has identified a porphyry-style hydrothermal system containing copper, gold and molybdenum at the Viper Prospect within its AZ Project, 36km south of Beaver Creek in Yukon. Three drill holes totalling 1,948m all intersected copper-gold-molybdenum mineralisation, with copper up to 1.85% and gold up to 1.97 g/t over 0.6m in hole AZ26-008. Surface QSP alteration, converging magnetic trends and an IP chargeability high extend the prospective corridor east-south-east. The results build on 2025 work, when reconnaissance hole AZ25-004 first indicated porphyry mineralisation about 200m north. CEO Jim Coates said the results define clear targets for the next round of drilling.
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