Alkane Resources Ltd ( (AU:ALK) ) has shared an update.
Alkane Resources Ltd has announced significant results from its underground expansion and pre-mine grade control drilling at the Tomingley Gold Operations. The drilling at Caloma and Roswell deposits has revealed high-grade gold intercepts, indicating substantial resource expansion potential. These results will be evaluated for economic recovery potential and may lead to further drilling to include new lodes into reserves. This development underscores the ongoing potential for resource growth and high-grade mineralization at Tomingley, which is crucial for the company’s future mining plans.
More about Alkane Resources Ltd
Alkane Resources Ltd is a mining company focused on gold production and exploration. The company operates primarily in Central New South Wales, Australia, with its key operations centered around the Tomingley Gold Operations.
YTD Price Performance: 11.76%
Average Trading Volume: 13,117
Technical Sentiment Signal: Hold
Current Market Cap: $237.9M
Learn more about ALK stock on TipRanks’ Stock Analysis page.