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Alkane Resources Ltd.
Summary
| Project: | Tomingley | |
|---|---|---|
| Deposit: | Tomingley | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-9-2017: Alkane Resources Ltd. announces a Resource Estimation report for its Tomingley deposit at the Tomingley project. Updated mineral resources and ore reserves for project. The Company reports Ore Reserves and Mineral Resources for the Tomingley Gol | |
| Resources: | (Reserve, P+P): 2.678Mt @ 1.9g/t Au for 166Koz Au contained at Tomingley | |
| CP/QP: | [Resources]: Craig Pridmore (Internal) | |
| ABSTRACT: | The Company reports Ore Reserves and Mineral Resources for the Tomingley Gold Operations as at 30 June 2017 in accordance with the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC 2012). These estimates take into account ore depleted by mining during the 2017 financial year and are set out in the tables below. Regional air core, RC and core drilling commenced early 2017 to drill traverses spaced 400 to 800 metres apart, testing an initial area from the southern boundary of TGO mine site to the Cemetery target just north of the Peak Hill mine site, approximately 12 kilometres. Results were reported in ASX announcements on 10 April 2017 and 10 August 2017. The drilling intersected extensive alteration and veining hosted within the prospective Mingelo Volcanic Belt at the El Paso target (previously called Eulinda Park) about 5 km south of the TGO. Mineralisation at El Paso has been identified over a strike length of at least 1200 metres being open to the north where land access difficulties hampered the regional air core program. Approximately 2.5 km of the prospective belt within 5 km of the TGO remains untested. This broad spaced drilling has confirmed that the mineralisation has the potential to host Tomingley style gold deposits, and similar tenor results led to the Tomingley discovery and current mining operation. | |
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