ALK 0.00% 68.0¢ alkane resources limited

speculator today in the bulletin

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    Todays online edition of The Bulletin features these comments by the Speculator. Followers of ALK will know it is being driven by Ian Gandel, John Dunlop et al of the AGS team.....and will be pleased with the increasing amount of press coverage it is now getting:

    "OLD DIGGER GETS A NEW NAME: Alkane Exploration (Terrigal) NL was formed in 1969 to take over the interests of Central Coast Oil, a company that had been searching fruitlessly for oil and gas in NSW since 1955. By 1982, the "Terrigal" was dropped when hydrocarbon hopes were abandoned and the company turned to gold prospecting which, at least in some years, turned out to be profitable.

    Now the venerable company is changing its name again to Alkane Resources Ltd (ASX code stays the same ALK), with four key projects underway in central western NSW, all within 150km of each other:

    - The Tomingley gold project, where a feasibility study is due later in 2007 for a proposed one million tonnes/year open pit followed by an underground operation

    - Dubbo zirconia project, claimed to be the largest zirconia deposit in the world, with a potential 250-year mine life, a planned demonstration pilot plant for 2007, followed by a feasibility study on a development decision by mid-2008

    - The Galwadgere copper project where a joint venturer may be sought, and

    - The McPhillamy's gold discovery within 20km structural corridor which offers a larger resource than Tomingley but in joint venture with Newmont."
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