Alkane Resources Ltd has hit high-grade gold in step-out resource expansion drilling at the Tomingley Gold Deposit in New South Wales, intercepting three new gold lodes (lodes 81, 85 and 86) and unearthing grades up to 1.3 metres at 91 g/t gold from 108.3 metres of depth.
The company drilled 91 holes over more than 15,400 metres at the Caloma Two deposit, open both at depth and along strike for further exploration, as many of Tomingley’s deposits are.
ALK will follow-up with more drilling once these initial results can be appraised, with an eye to growing the ore reserves for the project.
Golden future ahead for Tomingley
“This drilling demonstrates the significant resource expansion potential at Caloma Two,” Alkane Resources managing director Nic Earner said.
“Underground drilling continues at other deposits. We will now evaluate the economic recovery potential of these new lodes, which may result in further drilling to allow inclusion into our reserves.
“With the continued expansion of the ore that can be mined, the future of Tomingley is very bright.”
Alkane is also drilling at the Caloma One, Wyoming One and Roswell deposits.
Full assay results
The full assays of note from ALK’s latest drilling at Caloma Two include:
Lode 85:
- 17 metres at 3.44g/t gold from 122 metres, including 1 metre at 12.5g/t gold from 122 metres;
- 8.8 metres at 3.17g/t gold from 127.2 metres;
- 18.5 metres at 3.76g/t gold from 136.5 metres;
- 16 metres at 3.56g/t gold from 124 metres;
- 12.6 metres at 3.48g/t gold from 131.5 metres;
- 15.3 metres at 3.79g/t gold from 108.7 metres;
- 10.5 metres at 3.48g/t gold from 107.2 metres, including 0.7 metres at 13.1g/t gold from 111.8 metres;
- 12 metres at 6.02g/t gold from 114 metres, including 0.5 metres at 23.2g/t gold from 123.2 metres;
- 4 metres at 7.12g/t gold from 123.4 metres, including 1 metre at 13.8g/t gold from 126.4 metres;
- 13.3 metres at 4.12g/t gold from 160.7 metres, including 0.6 metre at 14.45g/t gold from 165 metres;
- 6.2 metres at 20.79g/t gold from 107.5 metres, including 1.3 metres at 91.0g/t gold from 108.3 metres;
- 12.6 metres at 2.6g/t gold from 124 metres;
- 12.5 metres at 3.88g/t gold from 148.8 metres; and,
- 17.8 metres at 2.89g/t gold from 130 metres.
Lode 81:
- 15.2 metres at 3.81g/t gold from 96 metres, including 1 metre at 37.7g/t gold from 107 metres;
- 14 metres at 3.9g/t gold from 138.3 metres;
- 0.75 metres at 93.1g/t gold from 76.1 metres; and,
- 3.1 metres at 9.66g/t gold from 51 metres, including 0.7 metre at 31.0g/t gold from 53.4 metres.
Lode 86: 13.9 metres at 3.13g/t gold from 123 metres.