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Alkane Resources Ltd.
Summary
| Project: | Tomingley | |
|---|---|---|
| Deposit: | Roswell, San Antonio, El Paso | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/9/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-7-2019: Alkane Resources Ltd. announces a Resource Estimation report for its Roswell, San Antonio, El Paso deposit at the Tomingley project. Exploration Target defined at Roswell, San Antonio and El Paso prospects. Alkane is pleased to announce that it | |
| Resources: | Exploration Target Range: 15.8 - 23.8Mt @ 1.7 - 2.2g/t Au | |
| CP/QP: | [Overall Report]: David Meates (Internal) | |
| ABSTRACT: | Alkane is pleased to announce that it has defined an Exploration Target of approximately 15.8 to 23.8 million tonnes at a grade ranging between 1.7 to 2.2 g/t gold across its three primary prospects, Roswell, San Antonio and El Paso, which have over 2,500 metres of combined strike length. This Exploration Target lies within 8 kilometres of the existing Tomingley Gold Operations (TGO) one million tonne per annum processing facility and underground mine. The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code. Alkane’s Managing Director, Nic Earner, said “The Exploration Target highlights the potential to significantly increase the resource around Tomingley Gold Operations in the coming years. This Exploration Target is in close proximity to our existing processing operation and underground mine, and could potentially be converted into both increased mine life and increased production. Given the potential size and grade of San Antonio alone, Alkane has already commenced the resource definition drilling of this Exploration Target in order to minimise the potential development timetable.” | |
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