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Alkane Resources Ltd.
Summary
| Project: | Tomingley | |
|---|---|---|
| Deposit: | Mcleans, Eulinda Park, Tomingley Two | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-4-2017: Alkane Resources Ltd. announces an Exploration/Drilling Update report for its Mcleans, Eulinda Park, Tomingley Two deposit at the Tomingley project. Drilling results incl. 8.6m @ 1.28g/t Au from 254.0m. The TGP covers an area of approximately 2 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: D I Chalmers (Internal) | |
| ABSTRACT: | The TGP covers an area of approximately 270 km2 stretching over 60 km north-south along the Newell Highway from Tomingley in the north, through Peak Hill and almost to Parkes in the south. An extensive regional air core drilling program commenced within the TGP in February 2017. 16,277 metres have been completed to date along drill traverses spaced 400 to 800 metres apart, testing an initial area from the southern boundary of the Tomingley Gold Operations (TGO) mine site to the Cemetery target just north of the Peak Hill mine site, approximately 12 kilometres. Although minor drilling has been infilling areas close to the Tomingley Gold Mine (TGO) land access difficulties have meant that much of the recent work has been completed in excess of 5 kilometres south of the mine. In the current drilling program, gold mineralisation has been intersected along three lines, for which assays have been received, in the Eulinda Park Prospect area representing a strike length of at least 1,200 metres. Mineralisation is located within and on the margins of porphyritic andesite units and is associated with quartz veining, carbonate alteration and sulphides Re-assaying of 1 metre samples is taking place and infill drilling by air core and reverse circulation methods is being planned. These results are very similar to early exploration aircore drilling on the Wyoming deposits at TGO. Drilling has also been completed at the Jounama and Cemetery prospects south of Smiths and at Coldstream NW of TGO. Assay results for holes within these prospects are awaited. | |
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