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Alkane Resources Ltd.
Summary
| Project: | Tomingley | |
|---|---|---|
| Deposit: | San Antonio | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/20/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-4-2020: Alkane Resources Ltd. announces a Resource Estimation report for its San Antonio deposit at the Tomingley project. Updated Mineral Resource Estimate for Project. The Tomingley Gold Project (TGP) covers an area of approximately 440km2 stretching | |
| Resources: | (Resources, Inf.): 7.92Mt @ 1.78g/t Au (453koz Au) at San Antonio | |
| CP/QP: | [Resources]: 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. Over the previous two years 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. The program yielded broad, shallow high grade intercepts that demonstrate potential for material project life extension in excess of 10 years and show that a return to open pit mining and/or underground extension is possible with appropriate resource confirmation, landholder agreement and regulatory approvals. With the addition of the Inferred Resource at San Antonio the Resources at TGO and the exploration tenements to the immediate south of the mine down to Peak Hill are now in excess of 1 million ounces of contained gold | |
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