THE extensive drilling program at Alkane’s (ASX: ALK) Tomingley Gold Project (TPG) has completed the first phase of drilling at the Roswell prospect.

The company also continues to drill at San Antonio, and is confident it will release an initial resource by December.

Roswell and San Antonio are located to the immediate south of the Tomingley gold operation, where Alkane is conducting an extensive drilling program to define additional resources with the potential for both open pit and underground mining.

The additional ore feed would supplement the Tomingley Gold Operation’s 1mtpa processing plant.

To date, 18,208m of drilling has been completed, with assays received for a further 8000m of the 60,000m resource definition drilling program at 40m by 40m spacing.

With the first phase of drilling at Roswell now complete, samples are being prepared and assayed to form part of an initial inferred resource that the company is aiming to release in early December, while drilling at San Antonio will continue.

The results at San Antonio included RWRC125 12m grading 2.93g/t gold from 42m, including 3m grading 9.98g/t from 45m; RWRC127 12m grading 2.52g/t gold from 57m and 18m grading 1.18g/t gold from 75m, including 3m grading 3.91g/t gold from 78m, and 13m grading 9.74g/t gold from 102m including 4m grading 22.4g/t gold from 108m; and RWD010 20m grading 2.92g/t gold from 167m, including 3m grading 15.8g/t gold from 254m and 26m grading 2.01g/t gold from 193m, and 2m grading 6.31g/t gold from 227m.

At Roswell, the results included RWRC115 34m grading 2.44g/t gold from 99m, including 3m grading 6.16 g/t gold from 121m; and RWRC130 15m grading 6.22g/t gold from 75m, including 3m grading 16.9g.t gold from 84m.

The company says that, to date, the program has yielded broad, shallow high-grade intercepts that “demonstrate potential for material project life extension and show that a return to open pit mining and/ or underground extension is possible with appropriate resource confirmation”.

The release of an initial resource for Roswell and San Antonio would cap off a stellar year for the company which has had massive initial success with exploration at the Boda and Kaiser prospects in the Northern Molong Porphyry Project, which is being compared to Newcrest’s Cadia East deposit.

The TGP covers an area of about 440sqkm and stretches 60km along the Newell Highway from Tomingley in the north through to peak hill in the south.

The Tomingley open pit began transitioning to underground in 2019.

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