Tomingley Gold Project - Alkane Resources Ltd
Level 12, 37 Bligh Street +61 2 8233 6168

Tomingley Gold Project (Gold; EL5675, 5830, 5942, 6085, 8676 )

The Tomingley Gold Project (TGP) covers an area of approximately 440km2 stretching 60km north-south along the Newell Highway from Tomingley in the north, through Peak Hill and almost to Parkes in the south.

Over the last year Alkane has conducted an extensive regional exploration program with the objective of defining additional resources that have the potential to be mined either via open pit or underground operations and fed to TGO.  The program has yielded broad, shallow high grade intercepts that demonstrate potential for material project life extension and show that a potential return to open pit mining and / or underground extension is possible with appropriate resource confirmation, landholder agreement and regulatory approvals.

The full program of RC drilling has confirmed significant gold mineralisation at San Antonio over a strike length of 800 metres and Roswell of 350 metres.  The prospects are open along strike and down dip and an additional 3,000m of drilling is in progress to test the 300m untested strike between them.  In addition, the extent of the mineralisation is such that a Resource definition drilling at the San Antonio and Roswell prospects will commence as soon as practical.  This is expected to comprise of ~50,000m of predominantly RC drilling.