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Alkane Resources Ltd.
Summary
| Project: | Tomingley | |
|---|---|---|
| Deposit: | Roswell | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-10-2018: Alkane Resources Ltd. announces an Exploration/Drilling Update report for its Roswell deposit at the Tomingley project. Drilling results incl. 11.55m @ 2.15g/t Au from 323.45m. The Tomingley Gold Project (TGP) covers an area of approximately 4 | |
| 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, and continuing, 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. This program has included the addition of approximately 110km2 to the tenement package to the east of TGO. Numerous prospects have been identified over the 60km strike extent of complexly folded and faulted Ordovician aged volcanics, intrusives and sediments. Much of the belt is covered by younger, transported sand and clay sediments which mask the basement geology and mineralisation. To the east of TGO the tenements cover Devonian aged, Dulladerry Volcanics, which host epithermal low sulphidation gold mineralisation at Glen Isla, only 6km from TGO. The region has many small historic workings, modern mining commenced with the development of the Northparkes porphyry style copper-gold operations in 1994 to the present; and Alkane’s Peak Hill heap leach gold operation from 1996 to 2005. As part of the recent program assay results were received from regional air core drilling comprising 121 drill holes totalling 10,505 metres. Additionally one diamond core drill hole was completed at the Roswell prospect, only 4km from TGO, for a total of 413 metres. | |
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