Alkane Reports Up to 142 g/t Gold Intercepts at Storheden Deposit in Sweden
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 9h ago
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Source: Newsfilter
- Depth Drilling Results: Alkane's depth drilling at the Storheden deposit has successfully intercepted gold grades up to 142 g/t, indicating significant potential for high-grade ore that could enhance future production capabilities.
- Resource Expansion Potential: Recent drilling has extended known mineralization over 2.7 kilometers, with the deposit remaining open at depth, suggesting that the resource potential is far from fully explored, which could yield long-term economic benefits.
- Production Strategy Adjustment: Alkane plans to enhance the overall feed grade at the Björkdal mine by replacing low-grade stockpiles with high-grade underground ore, thereby optimizing production efficiency and reducing costs to strengthen market competitiveness.
- Ongoing Exploration Plans: The company intends to recommence drilling in January 2026 to further define the structural framework of the deposit and expand the resource base, aiming to provide data support for future mining decisions.
ALK
$51.87+Infinity%1D
Analyst Views on ALK
Wall Street analysts forecast ALK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALK is 70.22 USD with a low forecast of 58.00 USD and a high forecast of 94.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 51.240
Low
58.00
Averages
70.22
High
94.00
Current: 51.240
Low
58.00
Averages
70.22
High
94.00
About ALK
Alaska Air Group, Inc. is engaged in operating airlines. The Company operates through its subsidiaries Alaska Airlines, Inc., Hawaiian Holdings, Inc., Horizon Air Industries, Inc., and McGee Air Services. The Company's segments include Alaska Airlines, Hawaiian Airlines, and Regional. The Alaska Airlines segment includes scheduled air transportation on Alaska's Boeing jet aircraft for passengers and cargo. The Hawaiian Airlines segment includes scheduled air transportation on Hawaiian's Boeing and Airbus jet aircraft for passengers and cargo. The Regional segment includes Horizon's and other third-party carriers’ scheduled air transportation on E175 jet aircraft for passengers under capacity purchase agreements (CPAs). The Company serves more than 140 destinations throughout North America, Central America, Asia and across the Pacific. The Company provides freight and mail services (cargo) using both freighter aircraft and the bellies of its passenger aircraft.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
