Alkane Resources reports significant findings from recent exploration at Tomingley Gold Operations in NSW, Australia. Underground drilling focused on Roswell Deposit and nearby prospects like El Paso. Tomingley Gold Mine, operational since 2014, includes open-pit and underground mining with a processing facility handling one million tonnes per annum.

Recent drilling efforts beneath Roswell Deposit reveal gold-arsenic-enriched hydrothermal breccias and veining. Exploration targets underground resources outside grade control to increase confidence in inferred resources category. Roswell underground resources estimated at 5.5mt grading 2.6g/t gold, equivalent to approximately 476,000oz of gold.

Drilling program at Western Monzodiorite domain within Roswell confirms multiple high-grade gold zones. Exploration drilling at El Paso and Westray prospects intersect quartz veining with gold-arsenic mineralization. Assay highlights show significant results, with high-grade gold intersections in various drill holes.

Alkane Resources to acquire all issued and outstanding common shares of Mandalay Resources after Supreme Court of British Columbia grants final order. Managing director and CEO Nic Earner expresses excitement over resource expansion potential at Tomingley, highlighting extensions to deposits and new mineralization areas.

Read more at Yahoo Finance: Alkane discovers new gold zones at Australia’s Tomingley Operations