Alkane Resources (ASX:ALK) Reports Drilling Results at Tomingley
Exploration Results
Alkane Resources (ASX:ALK) has announced significant high-grade intercepts from its underground drilling programs at the Caloma One and Roswell deposits within the Tomingley Gold Operations. At Caloma One, 71 holes totaling 15,264 metres tested multiple lodes, including notable intercepts such as 10.8 metres grading 4.73g/t Au and 3.1 metres grading 196.95g/t Au. Roswell drilling of 13 holes for 2,395 metres confirmed wide, high-grade gold intercepts, including 57.05 metres grading 3.84g/t Au and 58 metres grading 11.59g/t Au.
Operational Highlights
The underground drill programs at Tomingley are focused on defining resource extensions and pre-mining grade control. Ongoing drilling at Caloma Two, Wyoming One, and Roswell aims to further expand the existing resources and reserves. The Tomingley Gold Mine, operational since 2014, continues to demonstrate widespread mineralisation with plans extending beyond 2030.
Executive Comments
Nic Earner, Managing Director of Alkane Resources, stated, “Most of Tomingley’s deposits remain open at depth and along strike. This drilling further demonstrates the significant resource expansion potential across the mine site. We will now evaluate the economic recovery potential of these new Caloma One lodes, which may result in further drilling to allow inclusion into our reserves. The Roswell pre-mine grade control results will be used in future updates to the reserve. We look forward to mining through these areas in the years ahead at Tomingley.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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