Alkane drilling unveils deep gold structure and high-grade zones at Tomingley

Alkane Resources Ltd ( (AU:ALK) ) just unveiled an update.

Alkane Resources has reported new deep drilling and underground exploration results from its Tomingley Gold Operations, identifying a gold-bearing structure beneath the Roswell deposit and high-grade zones within the Western Monzodiorite domain. The extension of key drill holes into a seismic reflector suggests the presence of a major gold-arsenic fluid conduit, while drilling at nearby prospects El Paso and Westray has also intersected mineralised quartz veining, underscoring the potential to expand resources and extend mine life at Tomingley.

The latest assays from Roswell include several high-grade intercepts, with standout underground results such as 5.9 metres at 31g/t gold and narrow intervals exceeding 70g/t, reinforcing the grade continuity within the monzodiorite. Exploration at El Paso returned intercepts up to 17 metres at 4.02g/t gold, and management highlighted that deposits remain open at depth and along strike, signalling strong potential for further resource growth and supporting Alkane’s longer-term production profile in the region.

The most recent analyst rating on (AU:ALK) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.

More about Alkane Resources Ltd

Alkane Resources Ltd is an Australian gold producer focused on its Tomingley Gold Operations in Central West New South Wales. The project comprises open pit and underground mines feeding a 1Mtpa processing facility, with production sourced from deposits including Wyoming One, Wyoming Three, Caloma, Caloma Two and Roswell.

YTD Price Performance: 24.91%

Average Trading Volume: 7,220,573

Technical Sentiment Signal: Buy

Current Market Cap: A$2.28B

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