Highlights:
- Drilling to infill the Inferred Resources at the Roswell and San Antonio deposits continues; 48 holes have been drilled for a total of 13,000 metres.
- The drilling has confirmed depth extensions at Roswell with intercepts approximately 80 to 100 metres below the base of the previously defined Inferred Resource and confirm potential of the system to extend to depth.
- Significant intercepts from the Roswell Deposit at greater depth than the previously defined Inferred Resource include:
- RWD037 13.0 metres grading 6.17g/t Au from 484 metres;
- incl 5.0 metres grading 11.5g/t Au from 488 metres;
- and 2.0 metres grading 3.84g/t Au from 519 metres.
- RWD039 16.5 metres grading 4.74g/t Au from 483.8 metres;
- incl 1.0 metres grading 21.0g/t Au from 489 metres;
- and 3.0 metres grading 13.2g/t Au from 494 metres.
- RWD040 22.1 metres grading 5.96g/t Au from 534.9 metres.
- RWD037 13.0 metres grading 6.17g/t Au from 484 metres;
Alkane Resources Managing Director, Nic Earner, said: “It is great to see these significant high-grade intercepts below the existing Inferred Resource at Roswell. These show the potential for an underground mine that continues to extend at depth, with impressive grades continuing.
“Our community, stakeholder and regulatory engagement on developing Roswell and San Antonio is well underway and will continue as rapidly as practicable. The next big step is updating the Inferred Resource at Roswell to Indicated, and we’re expecting to get this completed in October.
“The progress being made at Roswell and San Antonio further demonstrates our objective of creating shareholder value by extending the production mine life at Tomingley, in combination with strategic exploration and acquisition.”
View all Roswell and San Antonio intercepts in the full ASX announcement.