Final Assays Received for Resource Drilling at San Antonio - Alkane Resources Ltd
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Final Assays Received for Resource Drilling at San Antonio

Infill drilling of the San Antonio resource is complete and final assays have now been received. The completed drilling program comprised 167 holes for a total of 37,000 metres.

Final assay results were received from 20 RC and core holes, for a total of 5,000 metres. Latest significant intercepts for the San Antonio deposit include:

RWRC439D17.4 metres grading 1.75g/t Au from 194.6 metres;
incl5.2 metres grading 4.28g/t Au from 201.8 metres.
RWRC44910.0 metres grading 6.68g/t Au from 74 metres;
incl3.0 metres grading 17.1g/t Au from 75 metres
RWRC45611.0 metres grading 6.73g/t Au from 187 metres;
and5.0 metres grading 2.60g/t Au from 211 metres;
and6.0 metres grading 2.34g/t Au from 251 metres
RWRC4593.0 metres grading 2.54g/t Au from 126 metres;
and31.0 metres grading 2.76g/t Au from 134 metres;
incl2.0 metres grading 6.56g/t Au from 134 metres;
also10.0 metres grading 5.16g/t Au from 143 metres.
RWD0457.7 metres grading 1.89g/t Au from 302.8 metres;
incl3.2 metres grading 3.81g/t Au from 302.8 metres;
and4.0 metres grading 2.09g/t Au from 315 metres;
and3.0 metres grading 3.00g/t Au from 541 metres;
and34.0 metres grading 0.79g/t Au from 554 metres.

The updated resource estimate for San Antonio is anticipated within two weeks.

Alkane Managing Director, Nic Earner, said these final intercepts from San Antonio complete the drilling program that was needed to confirm the resources for the next phase of growth at the producing Tomingley Gold Project (TGP) in New South Wales.

“San Antonio’s infill drilling continues to deliver high-grade mineralisation close to the surface and supports our optimism for gold production at the Tomingley Gold Project for the next decade. We look forward to bringing shareholders the indicated resource shortly and the mine plan later this quarter.”