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Alkane Resources Ltd.

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Summary

Project:

Tomingley

Deposit:Roswell, San Antonio
Location:Australia
Commodities:Gold
Date:6/22/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:22-6-2020: Alkane Resources Ltd. announces an Exploration/Drilling Update report for its Roswell, San Antonio deposit at the Tomingley project. Drilling results incl. 69m @ 9.12g/t Au from 218m. The Tomingley Gold Project (TGP) covers an area of Central N
Resources:(not mentioned in this report)
CP/QP:[Overall Report] David Meates (Internal)
ABSTRACT:The Tomingley Gold Project (TGP) covers an area of Central New South Wales of approximately 440sq.km,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 Tomingley Gold Operations (TGO), an open pit mine and underground operation with a 1Mtpa processing facility. Over the last two years Alkane conducted an extensive regional exploration program that led to the definition of Resources at the Roswell and San Antonio prospects. Alkane has continued consultation with its key stakeholders, including landholders and regulators, about its activities and future plans. The Company has approval to develop an exploration drive from the Wyoming One deposit to Roswell, and is currently preparing preliminary plans for both open-cut and underground mines beneath Roswell and San Antonio. These steps will enable an economic assessment of the viability of the prospect, which would be used to seek approval for both an underground and open cut mining development.

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