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Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: ALK
Latest Price: A$0.96  (-1.04% Descending)
52-week High: A$2.51
52-week Low: A$0.90
Market Cap: A$355.48M
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Alkane Resources Limited
www.alkane.com.au

Alkane Resources (ASX: ALK) is a multi commodity mining and exploration company focused on the Central West of New South Wales, Australia. Alkane's shares are also listed as American Depository Receipts (ADR's).  The company has built a gold resource inventory of over 1 million ounces at McPhillamys near Orange in a venture with Newmont Australia.

 

The Company has an advanced feasibility study in progress for the development of the Dubbo Zirconia Project which is based upon a very large in-ground resource of the metals zirconium, hafnium, niobium, tantalum, yttrium and rare earth elements.

 

 

Full Alkane Resources Limited profile here
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Alkane Resources confirms more gold resource potential at Tomingley

16th Aug 2010, 8:40 am

Alkane Resources (ASX: ALK) has reported that drilling at its Tomingley Gold Project located in the Central West of New South Wales, which is in the final stages of its feasibility study, has confirmed the potential of additional resources within the Caloma deposits.

Alkane is looking to expand the project by defining additional resources from the Caloma deposits (Caloma One and Caloma Two) and targeting a 10 year mine life. This includes testing the underground potential at Caloma One and further drilling to definine the gold resource at Caloma Two (South Caloma).

Results include:

- Hole PE654 15 metres grading 4.27g/t gold from 39 metres including 2 metres grading 27.2g/t gold from 46 metres;
- Hole PE655 6 metres grading 8.07g/t gold from 132 metres PE658 11 metres grading 3.85g/t gold from 121 metres and 3 metres grading 5.33g/t gold from 141 metres; and
- Hole PE659 5 metres grading 3.80g/t gold from 162 metres 15 metres grading 2.18g/t gold from 39 metres and 3 metres grading 11.05g/t gold from 102 metres.
 
Currently, the project has an 840,000oz gold resource within the Wyoming and Caloma deposits and a base case seven year mine life.
 
The project feasibility study is in its final stages and is based on open pit mining of the Wyoming One, Wyoming Three and Caloma deposits plus an underground operation at Wyoming One to recover approximately 400,000 ounces.

Exploration to define additional resources is continuing and includes the underground potential at Caloma and this new mineralisation at Caloma Two.

Alkane said further RC drilling will be programmed to define resources at Caloma Two.

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