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 covers an area of approximately 440km2, stretching 60km north-south along the Newell Highway in Central Western New South Wales. The prospective belt extends from near the village of Tomingley in the north (about 50km southwest of Dubbo), through Peak Hill and almost to Parkes in the south. The project incorporates the currently active Tomingley Gold Operations (TGO) and the currently inactive Peak Hill Gold Mine.

Alkane is conducting an extensive exploration program in the Tomingley gold corridor with the objective of defining additional resources that have the potential to be mined and supplied to the processing centre at TGO.

Immediately to the south of Tomingley are the Roswell, El Paso and San Antonio prospects, where Resource definition drilling is underway. This follows an intensive drilling program in 2018-2019 that revealed broad, shallow, high-grade intercepts demonstrating potential for mine development, pending resource confirmation, landholder agreement and regulatory approvals. Alkane has defined an Exploration Target* of approximately 15.8 to 23.8 million tonnes at a grade ranging between 1.7 to 2.2g/t gold across these three prospects.

The Exploration Target lies within eight kilometres of Alkane’s existing operations at TGO and exhibits similar geology to the Caloma and Wyoming deposits. As such, it has the potential to significantly increase the resource around TGO and extend the life of the operation. Resource definition drilling is expected to continue throughout 2020.

Other key prospects within the Tomingley Gold Project are: Myalls United, Smiths , Black Snake, Trewilga and McGregors.

Additional Information

*The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has as yet been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code.