Alkane Resources Ltd (ASX:ALK) has intersected 49 metres at 8.71 g/t gold from 218 metres in resource definition drilling at San Antonio and Roswell prospects south of the Tomingley Gold Operations (TGO) in Central West NSW.
The initial 60,000-metre drilling program is nearing completion with assays received for a further 13,000 metres for inclusion in a maiden resource calculation for San Antonio as well as infill drilling at Roswell to upgrade inferred resources to the indicated and measured categories.
Roswell deposit, which is around 3 kilometres south of the TGO, has an inferred resource of 7.02 million tonnes at 1.97 g/t for 445,000 ounces.
The 49-metre intersection at Roswell also included 2 metres at 60.5 g/t from 243 metres.
Notable results
Other notable Roswell intersections:
- 25 metres at 7.15 g/t from 186 metres, including 1-metre at 38.9 g/t from 187 metres;
- 3 metres at 3.30 g/t from 168 metres,
- 4 metres at 9.67 g/t from 196 metres;
- 29 metres at 2.90 g/t from 207 metres; and
- 23 metres at 1.82 g/t from 244 metres.
Roswell intersections
Highlights from San Antonio:
- 15 metres at 4.33 g/t from 141 metres, including 3 metres at 12.4 g/t from 144 metres;
- 15 metres at 7.43 g/t from 147 metres;
- 7 metres at 1.97 from 184 metres;
- 18 metres at 1.51 g.t from 201 metres; and
- 8 metres at 3.08 g/t from 236 metres.
San Antonio intersections
Second phase infill drilling underway
The first phase of San Antonio drilling is now complete and final assays are pending.
A second phase of infill resource drilling comprising an additional 50,000 metres is underway.
An initial resource estimate for San Antonio is expected to be released within a month and regional exploration at the El Paso prospect further to the south has also begun.
Tomingley Gold Project (TGP) covers an area of about 440 square kilometres stretching 60 kilometres north-south along the Newell Highway from Tomingley in the north, through Peak Hill and almost to Parkes in the south.
The TGP contains Alkane’s operating Tomingley Gold Operations, initially an open-pit mine with a 1 million tonnes/annum processing facility that has now transitioned to underground.