Alkane Resources Ltd

Alkane Resources' drilling indicates potential Tomingley mine life extension

Alkane Resources Ltd (ASX:ALK) managing director Nic Earner updates Proactive Investors on drilling completed south of its Tomingley Gold Mine near Dubbo in NSW.
The program drilled broad and shallow high-grade gold intercepts which feature 24 metres at 5.08 g/t fr9om 78 metres, showing potential for material project life extension and a potential return to open pit mining. 
"We've been running an extensive drill program over the last couple of years to try and extend the resource," says Earner.
He continues, "And we hit some really, really high grades ... over tens of metres about 4 kilometres to the south of the mine."

Quick facts: Alkane Resources Ltd

Price: $0.40

Market: ASX
Market Cap: $233.35 m

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Alkane Resources set to add to golden bounty at Tomingley

Alkane Resources Ltd (ASX:ALK) managing director Nic Earner updates Proactive Investors on a significant near-mine exploration target defined at the Tomingley Gold Operations (TGO) in Central West NSW. This target is between 15.8 and 23.8 million tonnes at a grade ranging between 1.7 to...

on 11/7/19

2 min read