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Alkane Resources Ltd chairman Ian Gandel buys shares worth $2 92 million

Alkane Resources chairman Ian Gandel buys shares worth $2.92 million Alkane produced 16,000 ounces of gold at the Tomingley Gold Mine in NSW during the March quarter which exceeded stockbroker Ord Minnett’s expectations by 33%. Non-executive chairman Ian Gandel (second from left) Alkane Resources Ltd (ASX:ALK) non-executive chairman Ian Gandel has shown confidence in Alkane’s ambition of becoming Australia’s next multi-mine gold producer by acquiring shares worth $2.92 million. Gandel purchased 3,400,000 shares in on-market trades at an average price of 85.91 cents per share for a total consideration of $2,920,940, taking his holding in Alkane to more than 150 million shares in indirect interests.

Alkane Resources Limited shares surge following further high-grade gold-copper hits at Boda Prospect

Alkane Resources shares surge following further high-grade gold-copper hits at Boda Prospect Assays received from the current drilling program at Boda and Boda Two comprised of seven diamond core holes for a total of 10,091 metres. 0.3 metres grading 43.4g/t gold, 7.8% copper from 886.4 metres. Alkane Resources Limited’s (ASX:ALK) shares have surged about 16% intra-day following the intersection of further high-grade mineralisation at the Boda Prospect in Central West New South Wales. Boda is a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project (NMPP), which Alkane believes has the potential to be a large, tier one gold-copper project. Two diamond core holes at Boda, KSDD029 and KSDD031, were designed to intersect the northwest structural trend and test down plunge of the high-grade breccia identified by KSDD007 and KSDD028.

FTSE 100 bucks up as US indices head north

FTSE 100 bucks up as US indices head north
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

S&P/ASX 200 rises 1 11% with materials stocks outperforming

S&P/ASX 200 rises 1 11% with materials stocks outperforming
proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.

Proactive Investors China - The web s leading portal for China stocks - Alkane Resources hits broad gold-copper porphyry mineralisation at Kaiser, adds further strength to Boda discovery

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