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Alkane Resources Ltd.
Summary
| Project: | Tomingley | |
|---|---|---|
| Deposit: | Tomingley | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-7-2018: Alkane Resources Ltd. announces an Exploration/Drilling Update report for its Tomingley deposit at the Tomingley project. Drilling results incl. 16.0m @ 1.90g/t Au from 76.0m . The TGP covers an area of approximately 330km2 stretching over 60km | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Meates (Internal) | |
| ABSTRACT: | The TGP covers an area of approximately 330km2 stretching over 60km north-south along the Newell Highway from Tomingley in the north, through Peak Hill and almost to Parkes in the south. Modern mining in the region 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. 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. An additional 60km2 Exploration Licence has been approved covering Devonian aged Dulladerry Volcanics which host epithermal low sulphidation gold mineralisation at Glen Isla, 6km east of the Tomingley Gold Operations (TGO). As part of the ongoing regional exploration program to define additional gold resources for the mining operation at Tomingley, assay results were received from Reverse Circulation (RC) drilling comprising 13 drill holes totalling 2,514m at Roswell, Myalls United and Glen Isla prospects. | |
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