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Alkane Resources Ltd.
Summary
| Project: | Tomingley | |
|---|---|---|
| Deposit: | San Antonio | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-3-2019: Alkane Resources Ltd. announces an Exploration/Drilling Update report for its San Antonio deposit at the Tomingley project. Drilling results incl. 39.0m @ 6.09g/t Au from 153m. The Tomingley Gold Project (TGP) covers an area of approximately 44 | |
| 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 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 has yielded broad, shallow high grade intercepts that demonstrate potential for material project life extension and show that a potential return to open pit mining and / or underground extension is possible with appropriate resource confirmation, landholder agreement and regulatory approvals. This exploration drill program of 12,000 metres of predominantly reverse circulation (RC) drilling represents a follow up to the initial regional aircore drill program which commenced in late 2017, yielding encouraging results. This program, which tested the gold resource potential of the Roswell, San Antonio and El Paso prospects has now completed drilling. | |
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