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Alkane Resources Ltd.
Summary
| Project: | Tomingley | |
|---|---|---|
| Deposit: | McLeans South, Roswell, San Antonio | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-6-2019: Alkane Resources Ltd. announces an Exploration/Drilling Update report for its McLeans South, Roswell, San Antonio deposit at the Tomingley project. Drilling results incl. 78m @ 3.51g/t Au from 214m. The Tomingley Gold Project (TGP) covers an ar | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Meates (Internal) | |
| ABSTRACT: | The Tomingley Gold Project (TGP) covers an area of approximately 440km2 stretching 60km north-south along the Newell Highway from Tomingley in the north, through Peak Hill and almost to Parkes in the south. The TGP contains Alkane’s currently operating Tomingley Gold Operations (TGO), an open pit mine with a 1Mtpa processing facility that is transitioning to underground through 2019. Over the last year Alkane has conducted an extensive regional exploration program with the objective of defining additional resources that have the potential to be mined either via open pit or underground operations and fed to TGO. The program has yielded broad, shallow high grade intercepts that demonstrate potential for material project life extension and show that a return to open pit mining and / or underground extension is possible with appropriate resource confirmation, landholder agreement and regulatory approvals. Exploration drilling in the last twelve months has focused on the Roswell, San Antonio and El Paso prospects which are all located within 7km of the TGO processing facility. Significant broad high grade results have been reported for the Roswell prospect (ASX announcement 1 February 2019), the San Antonio prospect (ASX announcement 29 March 2019), 3 to 4km south of TGO as well as the El-Paso prospect (ASX announcement 17 May 2019). As part of the completion of the recent program, final assay results were received from 16 reverse circulation (RC) drill holes and 1 diamond core drill hole completed at Roswell, San Antonio and McLeans South prospects, for a total of 3,963.9 metres. | |
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