Alkane Resources Discovers High-Grade Gold at Tomingley Operations

2 min read | January 21, 2025 12:31 PM AEDT | By Team Kalkine Media

Alkane Resources Discovers High-Grade Gold at Tomingley Operations — Image source: shutterstock

Exploration Results

Recent core drilling beneath the San Antonio deposit revealed promising results, including:

3 metres at 1.79g/t Au from 273 metres, including 1 metre at 2.43g/t Au.
2 metres at 5.03g/t Au from 416 metres.
1 metre at 2.98g/t Au from 464 metres.

These intercepts suggest the presence of steeply plunging gold mineralisation, opening up opportunities for underground mining.

Growth Potential

The San Antonio gold resource boasts over 1 kilometer of continuous strike length, much of which remains underexplored at depth. Alkane sees significant potential for resource expansion through additional drilling. The company plans to target fertile host rocks such as andesites, monzodiorites, and dacites in its exploration efforts.

Broader Regional Opportunities

Alkane Resources Managing Director Nic Earner emphasized the untapped potential of the broader Tomingley region:

“The broader Tomingley region has many occurrences of gold mineralisation. As well as potential mine extensions of our existing undergrounds, we are doing early-stage work on identifying new mining areas.”

At the time of writing on 21 January 2025, Alkane Resources shares were trading at 52.5 cents.

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