what no one talking drill results!!!!, page-3

re: promising drill results ALKANE EXPLORATION LIMITED 2003-06-10 ASX-SIGNAL-G

HOMEX - Perth

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TOMINGLEY GOLD PROJECT PROGRES REPORT INCLUDING
FIRST WYOMING THREE DRILL RESULTS

Preliminary three metre composite results continue to flow from the
resource definition drilling programme at Wyoming One, and the first
results from this round of drilling have also been received for
Wyoming Three. At WyomingOne the results are mostly from holes
targeting the east-west cross cutting 376 structure and have
returned intercepts of:

WY 543 21 metres grading 8.63g/t gold, including 6 metres at 24.30g/t
gold from 156 metres.

WY 544 54 metres grading 3.00g/t gold, including 30 metres at 5.02g/t
gold from 57 metres.

Wyoming Three holes were orientated north-south to intersect the
west-north-west trending mineralised zone and generated intercepts
of:

WY 517 21 metres grading 5.40g/t gold, including 9 metres at 7.26g/t
gold from 30 metres.

WY 524 21 metres grading 3.57g/t gold, including 9 metres at 5.18g/t
gold from 69 metres.

The Wyoming One results continue to confirm the potential of the 376
structure to host high grade mineralisation as well as substantial
gold grades within the adjacent porphyry. The drilling of this
deposit is now complete, although results of the final RC holes are
still to be returned.

Preliminary results of samples grading greater than 1g/t gold
received are:

HOLE NO EAST NORTH AZIM INTER GRADE INTERVAL EOH TARGET ZN
UTH CEPT (G/T AU) (M) (M)
( M)
WY 515 614225 6393400 270o 15 3.26 186 - 201 231 Wyoming 1
WY 540 614025 6393330 360o 33 1.36 69 - 102 150 Wyoming 1
and 6 3.14 81 - 87
WY 541 614050 6393353 360o 3 2.26 63 - 66 75 Wyoming 1
WY 542 614050 6393320360o 36 2.75 105 - 141 162 Wyoming 1
incl 9 4.88 129 - 138
WY 543 614050 6393300 360 21 8.63 156 - 177 186 Wyoming 1
incl 6 24.30 162 - 168
WY 544 614075 6393350 360o 54 3.00 57 111 120
WY 545 614075 6393310 360o 87 2.15 57 144 162 Wyoming 1
incl 6 4.25 90 - 96
and 6 9.53 135 - 141
WY 546 614075 6393290 360o 93 2.07 87 - 180 198 Wyoming 1
incl 21 3.74 102 - 123
incl 12 6.22 168 - 180
WY 547 614100 6393330 360o 42 1.36 48 90 168 Wyoming 1
and 42 2.13 108 - 150 Incomplete
incl 12 3.79 138 150

All holes drilled at a nominal inclination of -60
Gold analysis by 30g fire assay of 3 metre composites.

Resource definition RC drilling of the Wyoming Three deposit, located
800 metres north of Wyoming One, is also nearing completion but only
results for the first few holes of the programme have been returned.

Preliminary results of samples grading greater than 1g/t gold
received are:

HOLE NO EAST NORTH AZIM INTER GRADE INTERVAL EOH TARGET ZN
UTH CEPT (G/T AU) (M) (M)
( M)
WY 508 614275 6394167 180o 3 1.55 57 - 60 105 Wyoming 3
and 9 1.74 69 - 78
WY 510 614250 6394162 180o 18 1.81 21 39 93 Wyoming 3
and 6 3.56 66 72
incl 3 6.22 66 - 69
WY 511 614250 6394180 180o 9 2.70 111 120 129 Wyoming 3
and 3 1.11 123 126
WY 512 614250 6394200 180o 9 1.63 144 153 165 Wyoming 3
WY 513 614225 6394150 180o 12 2.76 18 30 93 Wyoming 3
WY 517 614200 6394178 180o 21 5.40 30 51 93 Wyoming 3
incl 9 7.62 33 - 42
and 21 1.29 60 - 81
WY 521 614200 6394200 180o 39 1.12 21 60 129 Wyoming 3
incl 6 3.75 36 - 42
and 9 7.14 84 - 93
and 21 1.10 99 - 120
WY 522 614200 6394220 180o 18 1.01 57 75 153 Wyoming 3
and 3 1.86 123 - 126
WY 523 614200 6394162 180o 15 2.30 27 42 87 Wyoming 3
WY 524 614175 6394190 180o 3 2.43 15 - 18 111 Wyoming 3
and 21 3.57 69 - 90
incl 9 5.18 72 - 81
and 3 1.34 99 - 102 Incomplete
All holes drilled at a nominal inclination of -60.

Gold analysis by 30g fire assay of 3 metre composites.

A larger aircore drill completed the reconnaissance holes remaining
from the programme of March this year for the Tomingley One target
which is located 3 kilometres north of Wyoming. The holes have
confirmed the prospectivity of this target and the larger Tomingley
Gold Project area.


Preliminary results of samples grading greater than 1g/t gold
received are:

HOLE NO EAST NORTH AZIM INTER GRADE INTERVAL EOH TARGET ZN
UTH CEPT (G/T AU) (M) (M)
( M)
TO 062 614620 6397100 090o 12 1.21 42 - 54 117 Tomingley 1
TO 066 614600 6397250 090o 3 2.22 99 - 102 119 Tomingley 1

All holes drilled at a nominal inclination of -60.

Gold analysis by 30g fire assay of 3 metre composites.

Enquiries: Ian Chalmers, Technical Director
Tel: +61 8 9328 9411 Fax: +61 8 9227 6011
Email: [email protected]


Unless otherwise stated this report is based on informationcompiled
by Mr D I Chalmers, FAusIMM, FAIG, a director of the Company, who is
a competent person as defined in The Australian Code for Reporting of
Identified Mineral Resources and Ore Reserves, September 1999, and
accurately reflects information compiled by the competent person.