# Alkane Resources: Deep Drilling Intersects Epithermal Mineralisation 1 km Below Proprietary Pit at Peak Hill Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/alkane-resources-deep-drilling-intersects-epithermal-mineralisation-1-km-below-p--07816be0-360f-41ca-9c6b-eb88dfc6027f Original source: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3432-tsx/alk/212918-deep-drilling-intersects-epithermal-mineralisation-1-km-below-proprietary-pit-at-peak-hill.html Publisher: jmn Original announcement: 2026-10-14T21:50:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-15T02:16:36.922Z Atlas analysis updated: 2026-10-15T02:16:36.922Z - Company: Alkane Resources - Ticker: ALK - Exchange: TSX - Region: New South Wales - Primary commodity: Gold - Secondary commodities: Copper - Document categories: Drill results, Resource update - Extracted: 2026-10-15 02:16:37 UTC Narrative sentiment: 0.10 · Bullish ## Minestarters Atlas summary Alkane Resources announced deep drilling results from its Peak Hill Gold Project in New South Wales, with hole PHD084 intersecting epithermal mineralization 1 km below the Proprietary open cut. While grades were low, the drilling confirmed a significant vertical continuation of the alteration system, providing vectoring information for a potential deeper copper-gold porphyry. The company plans further drilling to delineate the epithermal system and test the porphyry target, alongside re-stating a historical \(2018\) Inferred Resource for the Proprietary underground deposit. Reasoning: The document reports deep exploration drilling that significantly extends the known alteration system at Peak Hill, indicating potential for a deeper porphyry. While the grades encountered are low and the primary porphyry target was not resolved, the depth extension and vectoring information are novel. The accompanying resource update is historical and small, contributing negatively to overall sentiment. - Positive factor: Deep exploration extends known alteration system 1 km below previous mining - Positive factor: Vectors towards potential copper-gold porphyry system at depth - Positive factor: Comprehensive QA/QC disclosure with certified lab and QP sign-off - Negative factor: Grades are low compared to typical epithermal gold deposits - Negative factor: Drill hole did not resolve the primary porphyry target - Negative factor: Resource estimate is historical \(2018\) and entirely Inferred, limiting confidence - Negative factor: No true width stated for all intercepts, only an estimate for the overall program Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 7 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Drill Results (7) ### PHD084 [Link to this fact](https://atlas-staging.minestarters.com/news/alkane-resources-deep-drilling-intersects-epithermal-mineralisation-1-km-below-p--07816be0-360f-41ca-9c6b-eb88dfc6027f#fact-drill-facts-0) gold #### Identity - Hole ID: PHD084 - Commodity: gold - Region: australia - Reported Region: australia - Ticker: ALK #### Geometry - Grade: 0.4 - Grade Unit: g/t - Intercept: 192 m - Hole Depth: 1651 m #### Classification - Sample Type: drill #### Location - Easting: 612803 - Northing: 6379110 - Azimuth: 265 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Expanded from assay table. 0.4 g/t gold is moderate against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 76.8 g/t·m is moderate \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.40 Context: PHD084 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "MORE MINING NEWS Scorpio Gold Announces Commencement of Drilling at April Fool; Target Grab Samples Return Up To 59 g/t " ### PHD084 [Link to this fact](https://atlas-staging.minestarters.com/news/alkane-resources-deep-drilling-intersects-epithermal-mineralisation-1-km-below-p--07816be0-360f-41ca-9c6b-eb88dfc6027f#fact-drill-facts-1) copper #### Identity - Hole ID: PHD084 - Commodity: copper - Region: australia - Reported Region: australia - Ticker: ALK #### Geometry - Grade: 0.02 - Grade Unit: % - Intercept: 192 m - Hole Depth: 1651 m #### Classification - Sample Type: drill #### Location - Easting: 612803 - Northing: 6379110 - Azimuth: 265 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Expanded from assay table. 0.02 % copper is below against the default band \[2.5, 1, 0.5, 0.25\] %. Grade×width 3.8 %·m is below. - Negative factor: 0.02 % copper is below the weak threshold \(0.25 %\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.02 Context: PHD084 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "MORE MINING NEWS Scorpio Gold Announces Commencement of Drilling at April Fool; Target Grab Samples Return Up To 59 g/t " ### and [Link to this fact](https://atlas-staging.minestarters.com/news/alkane-resources-deep-drilling-intersects-epithermal-mineralisation-1-km-below-p--07816be0-360f-41ca-9c6b-eb88dfc6027f#fact-drill-facts-2) gold #### Identity - Hole ID: and - Commodity: gold - Region: australia\_tas - Reported Region: australia\_tas - Ticker: ALK #### Geometry - Grade: 0.11 - Grade Unit: g/t - Intercept: 237 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Expanded from assay table. 0.11 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 26.1 g/t·m is weak \(grade alone is below; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.11 Context: and #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "MORE MINING NEWS Scorpio Gold Announces Commencement of Drilling at April Fool; Target Grab Samples Return Up To 59 g/t " ### and [Link to this fact](https://atlas-staging.minestarters.com/news/alkane-resources-deep-drilling-intersects-epithermal-mineralisation-1-km-below-p--07816be0-360f-41ca-9c6b-eb88dfc6027f#fact-drill-facts-3) copper #### Identity - Hole ID: and - Commodity: copper - Region: australia\_tas - Reported Region: australia\_tas - Ticker: ALK #### Geometry - Grade: 0.02 - Grade Unit: % - Intercept: 237 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Expanded from assay table. 0.02 % copper is below against the default band \[2.5, 1, 0.5, 0.25\] %. Grade×width 4.7 %·m is below. - Negative factor: 0.02 % copper is below the weak threshold \(0.25 %\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.02 Context: and #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "MORE MINING NEWS Scorpio Gold Announces Commencement of Drilling at April Fool; Target Grab Samples Return Up To 59 g/t " ### incl [Link to this fact](https://atlas-staging.minestarters.com/news/alkane-resources-deep-drilling-intersects-epithermal-mineralisation-1-km-below-p--07816be0-360f-41ca-9c6b-eb88dfc6027f#fact-drill-facts-4) gold #### Identity - Hole ID: incl - Commodity: gold - Region: australia - Reported Region: australia - Ticker: ALK #### Geometry - Grade: 1.02 - Grade Unit: g/t - Intercept: 1005 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Expanded from assay table. 1.02 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 1025.1 g/t·m is exceptional \(grade alone is moderate; the better of the two is used\). - Positive factor: 1.02 g/t gold is exceptional on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 1.02 Context: incl #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "MORE MINING NEWS Scorpio Gold Announces Commencement of Drilling at April Fool; Target Grab Samples Return Up To 59 g/t " ### incl [Link to this fact](https://atlas-staging.minestarters.com/news/alkane-resources-deep-drilling-intersects-epithermal-mineralisation-1-km-below-p--07816be0-360f-41ca-9c6b-eb88dfc6027f#fact-drill-facts-5) copper #### Identity - Hole ID: incl - Commodity: copper - Region: australia - Reported Region: australia - Ticker: ALK #### Geometry - Grade: 0.01 - Grade Unit: % - Intercept: 1005 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Expanded from assay table. 0.01 % copper is below against the default band \[2.5, 1, 0.5, 0.25\] %. Grade×width 10.1 %·m is below. - Negative factor: 0.01 % copper is below the weak threshold \(0.25 %\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.01 Context: incl #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "MORE MINING NEWS Scorpio Gold Announces Commencement of Drilling at April Fool; Target Grab Samples Return Up To 59 g/t " ### PHD084 [Link to this fact](https://atlas-staging.minestarters.com/news/alkane-resources-deep-drilling-intersects-epithermal-mineralisation-1-km-below-p--07816be0-360f-41ca-9c6b-eb88dfc6027f#fact-drill-facts-6) gold #### Identity - Hole ID: PHD084 - Commodity: gold - Region: australia - Reported Region: australia - Ticker: ALK #### Geometry - Grade: 3.15 - Grade Unit: g/t - Intercept: 58 m - From: 169.62 m - To: 227.62 m - Hole Depth: 1651 m #### Classification - Sample Type: drill #### Location - Easting: 612803 - Northing: 6379110 - Azimuth: 265 ° - Dip: -70 ° - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Expanded from assay table. 0.4 g/t gold is moderate against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 76.8 g/t·m is moderate \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · text > 58 Metres at 3.15 g/t Au, Including 1 Metre at 158 g/t Au in Trenching at Lewis North Scorpio Gold Drills 2.94 g/t Gold over 36.42 Metres from 169.62 Metres #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "MORE MINING NEWS Scorpio Gold Announces Commencement of Drilling at April Fool; Target Grab Samples Return Up To 59 g/t " ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.