ALK 0.79% 64.0¢ alkane resources limited

Ann: Tomingley Gold Extension Project Approved, Financing Secured, page-24

  1. 2,347 Posts.
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    Hi Macca,

    Agreed, they plan to mine Roswell before end of 2023 Calendar Year, the point I was making was that in July 2022, they were planning on Roswell ore in the 2023 Financial Year. This slipped due to delayed approvals.

    Alkane are very well placed, with the underground drive almost at Roswell, having already passed Mcleans.
    Drilling at Mcleans this year is likely (at least in my mind) to prove up additional resources which can supplement the Roswell ore, and add to tonnage and maybe efficiency.
    McLeans drill intercepts below (Excerpt from November 2022 announcement)

    MCP09541 metres grading 1.13g/t Au from 199 metres
    1incl9 metres grading 3.01g/t Au from 217 metres
    2and16 metres grading 0.49g/t Au from 342 metres
    MCP096D0.9 metres grading 12.6g/t Au from 475.1 metres
    1and17 metres grading 1.10g/t Au from 537 metres
    2incl2 metres grading 5.25g/t Au from 539 metres
    3and27 metres grading 1.08g/t Au from 573 metres
    4incl9 metres grading 2.33g/t Au from 585 metres

    Drilling at McLeans has confirmed mineralisation over 200 metres strike and 500 metres down dip that remains open both along strike and down dip. Further drilling from both surface and underground from the newly developed exploration drive is planned in early 2023 to estimate a maiden gold resource for McLeans.


 
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