Alkane Resources has announced a near-mine exploration target has been defined within 8km of the existing Tomingley Gold Operations in New South Wales.

The three primary prospects, Roswell, San Antonio and El Paso, have over 2500m of combined strike length, with the target being approximately 15.8 to 23.8Mt at a grade ranging between 1.7 to 2.2 grams per tonne (g/t) gold. 

Alkane Managing Director Nic Earner said the target highlighted the potential to increase the resource around the Tomingley Gold Operations in the coming years to a significant degree.

“This exploration target is in close proximity to our existing processing operation and underground mine, and could potentially be converted into both increased mine life and increased production,” he said.

“Given the potential size and grade of San Antonio alone, Alkane has already commenced the resource definition drilling of this exploration target in order to minimize the potential development timetable.” 

The reported exploration target is in accordance with the 2012 edition of the JORC code and there has been insufficient exploration to estimate a mineral resource. 

Resource definition drilling has commenced at the San Antonio and Roswell prospects.

Consultation work and data collection have also commenced, to allow Alkane to acquire a conceptual review of the options for the project regarding open cut and underground.