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Alkane Resources Ltd.
Summary
| Project: | Tomingley | |
|---|---|---|
| Deposit: | Wyoming One, Caloma | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-1-2017: Alkane Resources Ltd. announces an Exploration/Drilling Update report for its Wyoming One, Caloma deposit at the Tomingley project. Drilling results incl. 19.7m @ 5.36g/t Au from 271m. As part of the feasibility to develop an underground mining | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: D I Chalmers (Internal) | |
| ABSTRACT: | As part of the feasibility to develop an underground mining operation at the Tomingley Gold Operations (TGO), a program of 9 core holes totalling 3,659.4 metres tested targets below the Wyoming One open pit and 18 RC holes tested mineralisation at the Caloma pit. The drilling was designed to extend known mineralisation and improve continuity within the ore zones previously identified. The TGO deposits are classified as Orogenic Style gold mineralisation that is focused on structural zones generated by a competency contrast between porphyritic andesite volcanic sills and intrusives, and the host volcanoclastic sediments. Numerous quartz-carbonate-sulphide veins with differing orientations form the core of the economic open pit mining operations. Four deposits Wyoming One, Wyoming Three, Caloma and Caloma Two have been developed, but other zones of mineralisation identified during the exploratory drilling phase, such as Wyoming Two and Wyoming One South, have not been evaluated due to thick overburden cover or perceived narrow ore widths but which may present underground opportunities to be investigated in the future. At Wyoming One the porphyritic andesite forms the core of a narrow antiform structure with strong mineralisation developed near the nose and eastern contact of the andesite porphyry and with a separate linear lithology controlled hangingwall zone located immediately to the east. The hangingwall-porphyry contact mineralisation has a strike length of over 300 metres and is open to the south. Most of the mineralisation has a near vertical or steep east dipping orientation. The historic underground mine of Myalls United is located about 800 metres further to the south in a similar lithological position. Much of this target zone remains untested. | |
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