Alkane Resources Limited (ASX:ALK) has revealed updated mineral resources and ore reserves for the Tomingley Gold Operations, Tomingley Gold Project and the Peak Hill Gold Project in the Central West region of New South Wales, as at June 30 2020.
Tomingley Gold Operations
The resources and reserves for the Tomingley Gold Operations have been re-estimated to account for depletion, changes in the gold price and operating costs:
- Total mineral resources of 9.45 million tonnes grading 1.9 g/t gold (610,000 ounces); and
- Total ore reserves of 2.97 million tonnes grading 1.8 g/t gold (176,000 ounces).
Tomingley Gold Project
Regional, near-mine exploration program continued between Tomingley and Peak Hill (Tomingley Gold Project), and during the year resources were defined at Roswell and San Antonio:
- Roswell mineral resource of 7.02 million tonnes grading 1.97 g/t gold (445,000 ounces); and
- San Antonio mineral resource of 7.92 million tonnes grading 1.78 g/t gold (453,000 ounces).
Peak Hill Gold Project
The resource estimate for the Peak Hill Gold Project’s proprietary underground ore body remains unchanged from October 2018:
- Inferred Resource 1.02 million tonnes grading 3.29 g/t gold and 0.15% copper (108,000 ounces)