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Alkane Resources finds gold-copper mineralisation 1 km deep at Peak Hill, expanding exploration potential.

Market News
14 Oct 2026
Proactive Investors
View Source
Bullish
Alkane Resources finds gold-copper mineralisation 1 km deep at Peak Hill, expanding exploration potential.

Alkane Resources intersected gold-copper mineralisation about 1,000 meters below the Proprietary open pit at its Peak Hill Gold Project in New South Wales, revealing significant depth potential. Deep drilling hole PHD084 reached 1,651 meters, showing signs of the epithermal system continuing vertically and suggesting a nearby magmatic source. Although the targeted porphyry intrusion was not found, the results indicate the sulphide mineralisation remains incompletely tested and may extend deeper. Alkane plans further drilling from November to explore the area and refine copper-gold targets based on ongoing studies.

Alkane Resources' deep drilling at Peak Hill gold project provides context for Basic Materials sector activity on Pluang. For readers following Basic Materials, here is Pluang's market snapshot as of Oct 15, 2026 05:41 WIB: out of 83 priced US stocks, 18 rose and 65 fell. Notable movers include USAR at USD 10.34 with a 1-day change of -8.21% and 100% buy order activity, CDE at USD 14.98 down 7.87%, and ALM at USD 10.16 down 7.47%, with typical hold times of 0 and 6 days respectively.

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