Tomingley Deep Drilling Identifies Gold Bearing Structure

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Stock Alkane Resources Ltd (ALK.ASX)
Release Time 24 Feb 2026, 9:18 a.m.
Price Sensitive Yes
 Deep Drilling Identifies Gold Bearing Structure at Tomingley
Key Points
  • Exploration drilling at Tomingley has tested a seismic reflector feature beneath the Roswell Deposit
  • Underground drilling at Roswell has focused on improving confidence in the Inferred Resources
  • Exploration drilling at the El Paso and Westray prospects has intersected quartz veining with gold-arsenic mineralisation
Full Summary

Alkane Resources Limited has announced the latest exploration results and drilling for the underground expansion of existing resources at its Tomingley Gold Operations (Tomingley) in New South Wales. The exploration drilling at Tomingley has tested a seismic reflector feature beneath the Roswell Deposit and near-mine prospects such as El Paso. The drilling identified the east dipping reflector as gold-arsenic enriched hydrothermal breccias and veining. Underground drilling at Roswell, outside of grade control, has focused on improving confidence in the Inferred Resources. The drilling has confirmed multiple high-grade gold zones within the Western Monzodiorite domain. Exploration drilling at the El Paso prospect and Westray prospect has intersected quartz veining with gold-arsenic mineralisation, hosted in the prospective Mingelo Volcanic stratigraphy. The company plans to continue surface exploration drilling at Tomingley to test the underground potential at the Wyoming Three deposit and the northern extensions of the main andesite host at Caloma. Further drilling is also planned to test the upper and lower portions of the Inferred domain in the Western Monzodiorite, as well as near-mine exploration at the Tomingley One and Tomingley Two prospects and regional targets at Glen Isla and El Paso.

Outlook

Alkane Resources plans to continue exploration and drilling activities to further delineate and expand the resources at its Tomingley Gold Operations, with a focus on testing the underground potential and identifying new mineralized zones.