ALK 2.40% 61.0¢ alkane resources limited

sydney morning herald article

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    "Alkane hits the radar

    Having ambled along for a number of years, Alkane Exploration is attracting some positive notices.

    Some pundits have talked up Alkane's Wyoming gold discovery, near Peak Hill in western NSW, as perhaps one of the better discoveries in recent years.

    Wyoming is just the ticket for the Perth-based junior, whose shares jumped almost 20 per cent this week after the latest drilling. Alkane is now trading at close to the 47c levels it reached during a strong run over Christmas, with a number of larger players apparently interested. Even Macquarie Bank bobbed up with 5 per cent of the company earlier this month.

    It's still early days, but the market is talking up an ore body that could rival Newcrest's Cadia Hill.

    The latest intersection yielded impressive width, grade and potential depth, and the company, which has held informal talks with larger players, hopes to confirm a resource of at least 500,000 ounces by September."

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