Alkane Resources has provided an update on the Tomingley Gold and Caloma Resource Projects.
The Tomingley Gold Project (TGP) extends for over 100 km from near Parkes in the south, to the west of Narromine in the north, within the Central West of New South Wales and covers a narrow sequence of Ordovician volcanic rocks.
Recent exploration has focussed on the Caloma discovery, which is about 500 m east of the defined resources at the Wyoming One and Wyoming Three deposits.
The deposits are 12 km north of the Company’s Peak Hill Gold Mine.
A major reverse circulation (RC) and diamond core resource definition drilling program was completed at Caloma mid year with a total of 186 RC holes (22,034 metres) drilled.
Gold mineralisation is known to extend further to the north and south within the porphyry host but focus was on the central section to enable definition of resources and an open pit mining model to complete a feasibility assessment of the Project.