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Alkane Resources Ltd.
Summary
| Project: | Tomingley | |
|---|---|---|
| Deposit: | Peak Hill | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 7/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-7-2019: Alkane Resources Ltd. announces an Exploration/Drilling Update report for its Peak Hill deposit at the Tomingley project. Drilling results incl. 110m @ 1.97g/t Au, 1834ppm Cu from 197m. The Peak Hill Gold Mine (PHGM) is located on an active Min | |
| Resources: | (Resource, Inf.): 1.02Mt @ 3.29g/t Au at Proprietary Underground | |
| CP/QP: | [Overall Report]: Craig Pridmore (Internal) | |
| ABSTRACT: | The Peak Hill Gold Mine (PHGM) is located on an active Mining Lease about 60km southwest of Dubbo in the Central West of NSW, and 15km south of Alkane’s operating Tomingley gold mine (TGO). PHGM was a fully operational open pit gold mine operated by Alkane that is currently under care and maintenance with most site rehabilitation completed away from the existing open cuts. There are four pits, the main Proprietary-Parkers Pit and three satellite pits, Bobby Burns, Crown and Great Eastern. The Peak Hill deposit is interpreted as a high sulphidation epithermal system probably related to a deeper porphyry magmatic source. This style of deposit is well documented globally, although usually preserved in younger geological terrains other than the older Ordovician volcano-magmatic provinces in NSW. The deposit is hosted by strongly deformed and hydrothermally altered Ordovician aged volcaniclastic rocks which are predominantly andesitic volcaniclastic breccias, lesser sandstone/siltstone units, minor lava and black mudstones, similar to the sequence at Tomingley. The alteration zone, or lithocap, is evident over a 3km long by 500m width north-south trending zone that appears to be focused on coarser grained permeable breccia and volcaniclastic rocks, with later superimposed structural zones. | |
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