Multi-commodity miner and explorer, Alkane Resources (ASX: ALK) has confirmed a significant gold mineralisation by a large diameter core diamond drilling program at Peak Hill, located 15 km south of Tomingley Gold Mine in central west NSW. These results are consistent with the existing Peak Hill Gold Mine (PHGM) Mineral Resource.
PHGM was a fully operational open pit gold mine operated by Alkane from 1996 to 2005. PHGM is currently under care and maintenance with most site rehabilitation completed away from the existing open cuts and remains an active Mining Lease.
A 10 hole program was completed to provide mineralised samples from within the Proprietary deposit for metallurgical test work.