Alkane is pleased to announce the latest results for underground expansion drilling around the existing resources at the Company’s Tomingley Gold Operations (Tomingley) in Central New South Wales.
Underground core drilling at Tomingley is focussed on step out drilling to define extensions to resources as well as pre-mining grade control within existing defined resources/reserves.
At the Caloma Two deposit, underground resource expansion drilling of 91 holes for 15,439 metres tested mineralised structures separate from the defined resources. These are known as Lodes 81, 85 & 86, with individual drill holes often intercepting all three lodes.
Selected intercepts for each lode include:
Lode 85
| CL2UG259D | 17 metres grading 3.44g/t Au from 122 metres |
| incl | 1 metre grading 12.5g/t Au from 122 metres |
| CL2UG261D | 8.8 metres grading 3.17g/t Au from 127.2 metres |
| CL2UG276D | 18.5 metres grading 3.76g/t Au from 136.5 metres |
| CL2UG277D | 16 metres grading 3.56g/t Au from 124 metres |
| CL2UG279D | 12.6 metres grading 3.48g/t Au from 131.5 metres |
| CL2UG284D | 15.3 metres grading 3.79g/t Au from 108.7 metres |
| CL2UG285D | 10.5 metres grading 3.48g/t Au from 107.2 metres |
| incl | 0.7 metres grading 13.1g/t Au from 111.8 metres |
| CL2UG289D | 12 metres grading 6.02g/t Au from 114 metres |
| incl | 0.5 metres grading 23.2g/t Au from 123.2 metres |
| CL2UG291D | 4 metres grading 7.12g/t Au from 123.4 metres |
| incl | 1 metre grading 13.8g/t Au from 126.4 metres |
| CL2UG307D | 13.3 metres grading 4.12g/t Au from 160.7 metres |
| incl | 0.6 metre grading 14.45g/t Au from 165 metres |
| CL2UG308D | 6.2 metres grading 20.79g/t Au from 107.5 metres |
| incl | 1.3 metres grading 91.0g/t Au from 108.3 metres |
| CL2UG317D | 12.6 metres grading 2.6g/t Au from 124 metres |
| CL2UG343D | 12.5 metres grading 3.88g/t Au from 148.8 metres |
| CL2UG350D | 17.8 metres grading 2.89g/t Au from 130 metres |
Lode 81
| CL2UG262D | 15.2 metres grading 3.81g/t Au from 96 metres |
| incl | 1 metre grading 37.7g/t Au from 107 metres |
| CL2UG297D | 14 metres grading 3.9g/t Au from 138.3 metres |
| CL2UG304D | 0.75 metres grading 93.1g/t Au from 76.1 metres |
| CL2UG311D | 3.1 metres grading 9.66g/t Au from 51 metres |
| incl | 0.7 metre grading 31.0g/t Au from 53.4 metres |
Lode 86
| CL2UG313D | 13.9 metres grading 3.13g/t Au from 123 metres |
Further drilling will be programmed within these Lodes once an initial appraisal is completed, seeking to raise the status to Ore Reserves in anticipation of mining.
Underground drilling continues at the Caloma One, Wyoming One and Roswell deposits.
Alkane Managing Director Nic Earner said: “Most of Tomingley’s deposits remain open at depth and along strike. This drilling demonstrates the significant resource expansion potential at Caloma Two. Underground drilling continues at other deposits.
“We will now evaluate the economic recovery potential of these new lodes, which may result in further drilling to allow inclusion into our reserves. With the continued expansion of the ore that can be mined, the future of Tomingley is very bright.”