Tomingley Exploration Intersects Significant Gold at El Paso

Core Insights - Alkane Resources Limited has reported significant exploration results from its Tomingley Gold Operations in Central New South Wales, highlighting the potential for increased gold resources and mine life [1][4][8]. Exploration Results - EPD016 reported 8.2 metres grading 3.74 g/t Au from 224.8 metres, including 1 metre grading 25.0 g/t Au from 225.6 metres [1][14]. - EPD017 showed 32.1 metres grading 1.65 g/t Au from 66.9 metres, with notable inclusions of 4 metres grading 3.21 g/t Au from 83 metres and 14 metres grading 1.71 g/t Au from 119 metres [1][17]. - Additional results from the Tomingley Structure included TORC007 with 14 metres grading 0.58 g/t Au from 213 metres and TORC011 with 6 metres grading 0.78 g/t Au from 149 metres [2][21]. 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 million tonnes per annum [8][49]. - The project has seen extensive regional exploration, leading to the definition of mineral resources at the Roswell and San Antonio deposits, which are now part of the TGO [9][40]. Future Plans - The company plans to conduct 2,000 metres of diamond core drilling to further define exploration targets at the El Paso prospect [5][15]. - A comprehensive exploration program for the next 12 months includes high-resolution drone magnetic surveys and 6,000 metres of deeper drilling across various prospects [11][31]. Geological Insights - The exploration has focused on a dacite volcanic host unit at the El Paso prospect, which has shown promising mineralization [12][14]. - The Tomingley Structure, extending 5 km north from historic workings, has been identified as a significant mineralized structure with potential for further discoveries [20][21].