ALK 2.50% 58.5¢ alkane resources limited

New newletter out regarding Tomingley....

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    New newletter out regarding Tomingley.

    https://www.alkane.com.au/projects/tomingley-gold-project/tomingley-gold-operations/community-resources/tgo-community-newsletter/

    Still progressing the SAR approval.
    "We continue to progress approval of the Tomingley Gold Extension Project (TGEP), which seeks to extend our mining operations to the San Antonio and Roswell deposits south of Tomingley. Our previous update announced the start of the public exhibition period for the Environmental Impact Statement (EIS), which occurred in March and is now complete. We received a handful of submissions, which we responded to in May. At present, we are working with the NSW Department of Planning and Environment to clarify a limited number of technical aspects, hopefully to be followed by project approval."

    Still continuing with Tomingley exploration

    "Alkane has a number of additional exploration targets along the Newell between Tomingley and Peak Hill, forming part of the Tomingley Gold Project. The prospects of current focus are McLeans (2km south of Tomingley, 600m north of the Roswell deposit), El Paso (2km south of San Antonio at Eulinda Park) and Plains (east of Roswell). We drilled at McLeans earlier this year to follow up on encouraging early-stage results. Over the next few months, we hope to drill at El Paso when it’s not so wet. In addition to drilling, the exploration team undertook a seismic survey around SAR, TGO and Glen Isla (6km east of Tomingley) earlier this year, where reflections from vibrations were used to help identify deep features up to 5km underground. We also completed an aerial magnetic survey by drone of the area south of the current mining lease down to El Paso. Both these techniques help our geologists gain a more complete geological picture of the whole area, which helps with future targeting."

    My memory was they were hoping to have this approved by the Sept quarter.

    Tomingley drive still progressing
    "... developed approximately 1.9km of the exploration drive. At expected completion in March 2023 the exploration drive will be nearly 3km long and decline to a depth of 450m at a gradient of one in eight (12%)."

    Looking forward to the next exploration update for Boda and Tomingley.

    Bit like the old days at the moment, the share price is trading in a very small range, lets hope for some good news soon to shake up the price
    Last edited by RabbitTrap: 01/09/22
 
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