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Alkane Resources set to add to golden bounty at Tomingley

Alkane Resources Ltd (ASX:ALK) managing director Nic Earner updates Proactive Investors on a significant near-mine exploration target defined at the Tomingley Gold Operations (TGO) in Central West NSW.

This target is between 15.8 and 23.8 million tonnes at a grade ranging between 1.7 to 2.2 g/t gold, across three primary prospects, Roswell, San Antonio and El Paso, with a cumulative strike length of 2,500 metres.

Drilling is already underway and Alkane intends to continue testing this highly prospective area near the operating mine with further drilling over an approximate 12 month timeframe.

Quick facts: Alkane Resources Ltd

Price: 1.19 AUD

ASX:ALK
Market: ASX
Market Cap: $690.24 m
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