Alkane is pleased to announce the latest exploration results for the extension and infill drilling of the Kendal deposit adjoining the currently mined Youle deposit at its Costerfield Operation in central Victoria, Australia.
Program Summary
- The Kendal system is the antimony-rich, up-dip continuation of the high-grade Youle and Shepherd deposits, where mining is currently underway at Costerfield.
- Infill and extension drilling over the past year has significantly extended the known size of the vein system, both offset from and adjacent to historic mine workings. Whilst historic mining has been undertaken in the area, this latest drilling has revealed significant veining that was undiscovered when the mine was active between 1861 and 1939.
- The Kendal veins contain areas of very high gold and antimony grade that have historically correlated with higher production rates.
- Development to access the newly extended Kendal system began in late 2025 and is ongoing as extension drilling continues.
- An animation summarising these results is available below.
Kendal Assay Highlights
From the 501 vein to the south and immediately above Youle:
- 132.2 g/t gold and 19.8 % antimony over 1.94m (ETW 1.04m) in PD222
- 25.3 g/t gold and 42.8 % antimony over 1.71m (ETW 0.97m) in PD220
- 13.5 g/t gold and 22.1% antimony over 2.67m (ETW 1.24m) in AG023
- 25.4 g/t gold and 8.3 % antimony over 1.28m (ETW 1.12m) in BC437
- 34.1 g/t gold and 12.9 % antimony over 0.76m (ETW 0.69m) in BC112A
From the 520 vein spanning greater than 500m in strike and locally 200m in height:
- 267.5 g/t gold and 5.6 % antimony over 2.3 m (ETW 1.22m) in BC464
- 143.7 g/t gold and 10.8 % antimony over 1.35 m (ETW 1.06m) in BC463
- 18.2 g/t gold and 11.9 % antimony over 2.44 m (ETW 1.92m) in BC466A
Alkane Managing Director & CEO, Nic Earner, said: “The drilling results obtained from the Kendal deposit over the past year demonstrate the large potential remaining for significant high-grade mineralisation at shallow levels near to the Costerfield mine. Accessing and mining the newly defined mineralisation is a top priority for the Costerfield team and should provide the processing plant with an additional source of high-grade gold and antimony ore for some time to come.”