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Alkane Resources Ltd

Alkane Resources intersects broad gold mineralisation near Tomingley process plant

Alkane Resources Limited (ASX:ALK) managing director Nic  Earner updates Proactive Investors on the company's drilling results from near the process plant of its Tomingley Gold 3Operations in NSW.
 
"We've got over 70 metres at above 3 g/t gold ... this area is between two prospects we've previously identified, Earner says. 
 
He continues, "What we're seeing is 1,600 metres of continuous gold mineralisation right there next to our process facility," says Earner.
 
Commenting on Alkane's recent doubling share price, Earner ascribes the upwards movement to Alkane's rare earths business, the company's continued definition of a potential gold resource and that Alkane continued to exceed gold production guidance at Tomingley.

Quick facts: Alkane Resources Ltd

Price: 0.55 AUD

Market: ASX
Market Cap: $278.35 m
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