Alaska Air(US:ALK) Globenewswire·2025-08-18 10:21Core Insights - Alkane Resources Limited has reported significant exploration results from its Tomingley Gold Operations in Central New South Wales, indicating potential for increased resource inventory and mine life [1][5][9]. Exploration Results - Drilling results include: - EPD016: 8.2 metres grading 3.74 g/t Au, with 1 metre grading 25.0 g/t Au [2][16]. - EPD017: 32.1 metres grading 1.65 g/t Au, with notable intervals of 4 metres grading 3.21 g/t Au and 14 metres grading 1.71 g/t Au [2][17]. - TORC007: 14 metres grading 0.58 g/t Au, including 5 metres grading 1.11 g/t Au [3][23]. - EPAC201: 12 metres grading 0.35 g/t Au, with 3 metres grading 0.93 g/t Au [4][31]. Project Overview - The Tomingley Gold Project (TGP) spans approximately 440 km² and includes both open pit and underground operations with a processing capacity of 1 Mtpa [9][10]. - The project has seen extensive exploration leading to the definition of mineral resources at the Roswell and San Antonio deposits, separate from the established resources at TGO [10][11]. Future Plans - A further 2,000 metres of diamond core drilling is planned to define exploration targets at the El Paso prospect [6][18]. - The upcoming exploration program includes high-resolution drone magnetic surveys and additional drilling across various prospects, totaling 6,000 metres [33][34]. Historical Context - The Tomingley Gold Operations have a history of significant gold production, with the historic workings indicating potential for high-grade ore shoots [28][29]. Mineral Resource Estimates - The total mineral resources at TGP include significant measured, indicated, and inferred resources, with ongoing updates expected in September 2025 [40][41].