Alkane Resources keen to add further mine life, scale and grade to Tomingley
July 11, 2023 at 02:31 am IST
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Alkane Resources Ltd (ASX:ALK) MD Nic Earner tells Proactive the company continues to explore at Tomingley both within its approved mining areas and regionally. He says they uncovered gold at several regional prospects within seven kilometres of the Tomingley processing hub soon after regional drilling kicked off in early 2023.
Drilling at McLeans — between the Roswell deposit and flagship Tomingley site — defined gold over 200 metres of strike and 500 metres down-dip. Mineralisation remains open.
Earner said the exploration program put Tomingley’s approved mining areas and regional prospects under the microscope.
“With current plans already extending to 2032, we are seeking to add further mine life, scale and grade to Tomingley,” he explained.
“It is pleasing to see the various exploration targets around Tomingley yielding results and we look forward to adding the McLeans deposit to our resource base before the end of the calendar year.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Alkane Resources Limited is an Australia-based gold exploration, development and production company. The Companyâs projects and operations primarily located in central western New South Wales. The Company's projects include Tomingley Gold Project, which include Tomingley Gold Operations, Tomingley Gold Extension Project, and Peak Hill Gold Mine; Northern Molong Porphyry Project (NMPP), which includes Boda & Kaiser; and Other Projects, which includes other exploration Projects. The Tomingley Gold Project covers an area of approximately 440 square kilometers (km), stretching 60 km north-south along the Newell Highway in central-western New South Wales. The prospective belt extends from near the village of Tomingley in the north, through Peak Hill and almost to Parkes in the south. NMPP covers an area of approximately 115 square km, centered approximately 20 km north of Wellington and approximately 35 km east of Dubbo in central western New South Wales.