Alkane is pleased to announce the latest exploration results for drilling in the region around the Company’s Tomingley Gold Operations (TGO) in Central New South Wales.
Exploration within the Tomingley Gold Project (TGP) has focussed on defining targets that will add to the resource inventory and further extend mine life for TGO. Exploration comprised diamond core, RC and air-core drilling at several targets within 5km of TGO.
Drilling at the El Paso prospect, 2km south of the San Antonio deposit comprised four diamond core drill holes, totalling approximately 1,200 metres, and targeted a prospective dacite unit which is geochemically identical to the dacite unit that is the host for high-grade mineralisation in the southern part of the San Antonio deposit. Significant gold intercepts, that are near to true thickness, highlight the potential of the mineralisation associated with the dacite:
| EPD016 | 8.2 metres grading 3.74 g/t Au from 224.8 metres |
| incl | 1 metres grading 25.0 g/t Au from 225.6 metres. |
| EPD017 | 32.1 metres grading 1.65 g/t Au from 66.9 metres; |
| incl | 4 metres grading 3.21 g/t Au from 83 metres; |
| also | 2 metres grading 3.00 g/t Au from 95 metres; |
| and | 14 metres grading 1.71 g/t Au from 119 metres; |
| incl | 6.1 metres grading 3.03 g/t Au from 120.9 metres; |
| and | 8 metres grading 1.19 g/t Au from 138 metres. |
2,000 metres of diamond core drilling is planned to begin next month to further define an exploration target for El Paso.
Five RC drill holes were completed to test along the 5km long Au-As ‘Tomingley Structure’ that extends north from the historic Tomingley workings. The assay results support the prospectivity of the Tomingley Structure to host significant gold mineralisation that includes the Tomingley Two prospect:
| TORC007 | 14 metres grading 0.58 g/t Au from 213 metres; |
| incl | 5 metres grading 1.11 g/t Au from 222 metres; |
| and | 2 metres grading 1.26 g/t Au from 262 metres. |
| TORC011 | 6 metres grading 0.78 g/t Au from 149 metres; |
| incl | 2 metres grading 1.38 g/t Au from 151 metres. |
Two diamond core drill holes were completed to separately test beneath the historic Tomingley gold workings and to map the andesite that is host to the majority of the Caloma gold deposit north into the EL. A low gold grade, large quartz reef was intersected beneath the Tomingley workings, and the Caloma andesite was intersected 600m north of the Caloma open cut.
17,000 metres of air-core drilling has identified new areas of gold mineralisation between El Paso and Peak Hill within the Mingelo Volcanic belt. Significant gold results were received in several new areas including El Paso SE, Jounama and Westray prospects including:
| EPAC201 | 12 metres grading 0.35 g/t Au from 75 metres; |
| incl | 3 metres grading 0.93 g/t Au from 84 metres. |
| EPAC214 | 9 metres grading 0.29 g/t Au from 72 metres. |
| JNAC035 | 3 metres grading 0.39 g/t Au from 63 metres. |
| WSAC092 | 3 metres grading 0.55 g/t Au from 54 metres. |
| WSAC094 | 3 metres grading 0.59 g/t Au from 24 metres. |
Planned regional exploration around Tomingley for the next 12 months comprises a high-resolution drone magnetic survey over the area surrounding and including Peak Hill to aid delineate fertile structures and map new prospective volcanic terrain beneath cover. Other target generation work includes mapping, soil sampling and air-core drilling at various prospects including Glen Isla, Gundong and Trewilga. RC and diamond core drilling for a total of 6,000m is planned to test targets at El Paso, El Paso SE, Tomingley Two, Glen Isla and Westray.
In parallel with routine grade control drilling at the planned San Antonio open pit and Roswell underground at TGO, a significant underground drilling program is testing McLeans, Roswell North and the Roswell Western Monzodiorite. Results are anticipated in October.
Alkane Managing Director & CEO, Nic Earner, said: “We continue to explore at Tomingley within our approved mining areas and regionally, seeking to add further mine life, scale, and grade to Tomingley. It is pleasing to see the extent of mineralisation in the broader Tomingley region, and we look forward to continuing to add to our resource base.”