Tag: Roswell

Alkane Roswell drilling complete

Alkane Roswell drilling complete

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....

Alkane Resources: Underground and beyond

Alkane Resources: Underground and beyond

ALKANE Resources has continued on its stellar run for 2019. The company’s shares, hovering at about $0.20c in May, have marched upward to $0.80c by mid-October on the back of a strong gold market, the transition to underground mining commencing at its flagship Tomingley Gold Project in NSW and exciting results from its exploration program. The exploration program has returned and a host of high-grade results from an aggressive drilling campaign at the San Antonio and Roswell prospects, which provide ore feed for the Tomingley Gold Project. And, in what is being compared to Newcrest’s Cadia East deposit, the company has confirmed a significant copper-gold porphyry mineralisation at the Boda and Kaiser prospects in its Northern Molong Porphyry Project (NMPP)....