Alkane Resources is advancing regional exploration to support the continued operation of Tomingley

2 min read | October 07, 2024 03:56 AM PDT | By Team Kalkine Media

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Alkane Resources is advancing regional exploration to support the continued operation of Tomingley — Image source: Shutterstock

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Highlights:

Alkane Resources Ltd reports progress on regional exploration efforts at the Tomingley Gold Project (TGP) in Central West New South Wales, aiming to extend the life of Tomingley Gold Operations (TGO) until 2032.
Ongoing exploration activities include airborne geophysical surveys, aircore drilling, and reverse circulation (RC) and diamond drilling, leading to promising assay results and new geological insights.
The TGP encompasses 440 square kilometers and plans to expand its processing facility capacity to 1.75 million tonnes per year by FY26.

Alkane Resources Ltd {OTC:ALKEF} is advancing its regional exploration initiatives at the Tomingley Gold Project (TGP) in Central West New South Wales, with the goal of extending the operational life of Tomingley Gold Operations (TGO), currently set to continue until 2032. The TGP covers an expansive area of 440 square kilometers, which includes both open-pit and underground operations associated with TGO.

Plans for the TGP include a significant expansion of the processing facility, targeting an increased capacity of 1.75 million tonnes per year by the fiscal year ending in 2026. This expansion is expected to enhance operational efficiency and increase overall production.

Previous exploration success at the TGP has resulted in the addition of resources from the Roswell and San Antonio deposits, which are now part of TGO. Notably, ore processing from the Roswell underground began in April 2024, marking a significant milestone in the project's development.

Current exploration efforts are focused on several new targets within the TGP, including the Plains, El Paso, and Allendale areas. Recent activities have involved a combination of airborne geophysical surveys, aircore drilling, reverse circulation (RC) drilling, and diamond drilling. These efforts have yielded promising assay results, revealing new geological insights that enhance the understanding of the area's mineral potential.

The survey data and drilling results have identified new geological structures, prospective volcanic belts, and potential porphyry sources, which will help prioritize future exploration activities. As Alkane Resources continues to explore these promising targets, the ongoing efforts are expected to contribute to the overall growth and sustainability of the Tomingley Gold Project, reinforcing its position within the Australian gold mining sector.

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