Alkane Resources' deep drill hole at Peak Hill in NSW intersected epithermal gold mineralisation about 1 km below the Proprietary open cut, indicating a significant vertical extension of the deposit. Although the targeted copper-gold porphyry was not directly found, the results suggest the presence of a deeper magmatic source and potential for further mineralisation at depth. Alkane plans 6,600m of additional drilling starting November 2026 to explore the area between the new hole and existing resources, aiming to define the deposit's scale and test for higher-grade zones. This exploration could enhance the economic viability of Peak Hill's gold and copper resources.
Alkane Resources' deep drilling at Peak Hill is the subject, with Pluang's Basic Materials sector snapshot as of Oct 15, 2026 08:02 WIB: out of 83 priced US stocks, 14 rose and 69 fell. Notable movers include USAR at USD 10.25 with a -9.01% change and 100% buy order activity, CDE at USD 15.10 down 7.13%, and HL at USD 15.03 down 7.11%.
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