Alkane Resources lifts Storheden gold resource to 212,000 ounces as high-grade drilling expands growth case

Mining Gold & Silver Written by: Ephrem Joseph 19:35 Tue 28 Jul 2026 --> Proactive has a commercial relationship with Alkane Resources Ltd. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ephrem Joseph Ephrem began his journalistic journey at Proactive in June 2021. With a strong academic background in Information Technology, his expertise particularly lies in the field of Cyber Security, Management Information Systems and Computer Forensics. Before joining Proactive, Ephrem worked as a researcher and lecturer at a number of leading universities, including the University of Portsmouth's Institute of Criminal Justice Studies, the University of Winchester’s Institute of Policing, and Jain... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Alkane Resources Ltd ( ASX:ALK OTC:ALKEF ) View Price & Profile Alkane Resources lifts Storheden gold resource to 212,000 ounces as high-grade drilling expands growth case Last updated: 19:35 28 Jul 2026 EDT, First published: 19:22 28 Jul 2026 EDT Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) has substantially increased the Mineral Resource at the Storheden gold deposit in northern Sweden, strengthening its potential to become a satellite mining area for the nearby Björkdal operation. The updated estimate comprises an Indicated Resource of 1.07 million tonnes grading 2.51 g/t gold for 87,000 ounces and an Inferred Resource of 1.85 million tonnes at 2.11 g/t for 125,000 ounces. This takes the total contained gold resource to about 212,000 ounces and delivers Storheden’s first Indicated Resource. Inferred contained gold has increased by around 26% from the previous estimate of 99,000 ounces. Regional geological map of the eastern Skellefte district, showing major deposits and merged outlines of exploration permits held by Alkane Resources. High-grade drilling extends mineralisation The resource update incorporates 28 additional diamond drill holes totalling 14,061 metres from drilling completed during 2025 and the opening months of 2026. During the latest campaign, Alkane completed 16 extensional diamond holes for 7,965 metres, primarily targeting two areas close to existing surface and underground infrastructure. Fourteen holes drilled into Target Zone A extended high-grade mineralisation by about 450 metres to the east. The zone remains open along strike in both directions and at depth. Standout results included: 107 g/t gold over 0.4 metres from 293.3 metres; 50.9 g/t over 0.95 metres from 406.2 metres; 39.2 g/t over 0.6 metres from 496 metres; 36.1 g/t over 0.5 metres from 491.4 metres; and 27.4 g/t over 0.7 metres from 133.3 metres. Visible gold was identified in several quartz veins, while drilling showed encouraging consistency in the frequency, orientation and geometry of the mineralised structures. Two holes also tested Target Zone B at depth, with one intersecting multiple veins containing visible gold. The area is not yet sufficiently drilled to support a resource estimate but remains a priority for further work. Storheden remains open in all directions Storheden is around 700 metres north of the Björkdal mine and has now been traced through drilling across a broader 2.7-kilometre strike length and to a depth of 464 metres. The updated Mineral Resource itself has been defined over about 800 metres of strike, across a width of roughly 1,300 metres and from surface to around 500 metres depth. Mineralisation remains open in all directions, in