financetom
Business
financetom
/
Business
/
Alkane Resources Discovers New Mineralization at Tomingley Gold Operations
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Alkane Resources Discovers New Mineralization at Tomingley Gold Operations
Nov 3, 2025 4:12 AM

06:45 AM EST, 11/03/2025 (MT Newswires) -- Alkane Resources ( ALKEF ) late Sunday released results from underground expansion and pre-mine grade control drilling that discovered new mineralization at the Tomingley gold operations in central New South Wales.

Drilling discovered a second andesite with significant gold mineralization located about 150 meters to the west of the current resource, the company said.

Highlights of the results from the western andesite at McLeans include 26 meters grading 4.36 grams per tonne gold from 112 meters, including 3.3 meters grading 22.8 g/t gold from 112.7 meters; 10.7 meters grading 2.09 g/t gold from 105 meters; and 8 meters grading 2.33 g/t gold from 113 meters, including 0.8 meters grading 14.4 g/t gold from 118 meters.

Significant drilling intercepts within the McLeans inferred resource hosted by the eastern andesite include 10 meters grading 1.31 g/t gold from 284 meters, 3.7 meters grading 1.66 g/t gold from 314.1 meters, and 0.5 meters grading 38.9 g/t gold from 332.5 meters.

At Roswell, an intensive underground drilling program within and extending the current inferred resource is in progress. Drilling confirmed multiple wide, high-grade gold intercepts within the 30-meters thick monzodiorite.

Highlights at Roswell include 9.3 meters grading 3.88 g/t gold from 157.9 meters, including 1.1 meters grading 10.5 g/t gold from 157.9 meters; and 1.8 meters grading 2.05 g/t gold from 117.2 meters.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tower Semiconductor Analyst Sees 'Attractive' Buying Opportunity Following DeepSeek Selloff
Tower Semiconductor Analyst Sees 'Attractive' Buying Opportunity Following DeepSeek Selloff
Jan 28, 2025
Benchmark analyst Cody Acree named Tower Semiconductor ( TSEM ) Inc. among recommended oversold names following Monday’s market rout, which was triggered by DeepSeek’s announcement of its advanced language model. Monday’s Selloff: Chinese AI lab DeepSeek unveiled a new large language model reportedly meeting or exceeding leading competitors’ performance at a fraction of the cost. The claims, though met with...
Market Chatter: Nvidia Short Sellers Amass $6.6 Billion in Profits Amid Frenzy Over DeepSeek
Market Chatter: Nvidia Short Sellers Amass $6.6 Billion in Profits Amid Frenzy Over DeepSeek
Jan 28, 2025
03:06 PM EST, 01/28/2025 (MT Newswires) -- Bets against Nvidia ( NVDA ) amid a surge in interest for Chinese artificial intelligence app DeepSeek yielded one-day gains of about $6.6 billion for short sellers, Reuters reported Tuesday, citing data analytics firm Ortex. Short positions in Broadcom ( AVGO ) resulted in more than $2 billion in profits, the report added....
US FDA approves Novo Nordisk's Ozempic to reduce diabetic kidney disease progression
US FDA approves Novo Nordisk's Ozempic to reduce diabetic kidney disease progression
Jan 28, 2025
Jan 28 (Reuters) - Novo Nordisk said on Tuesday the U.S. FDA has approved its blockbuster drug Ozempic to lower the risk of progression of chronic kidney disease and the organ's failure, and death due to heart problems in adults with type 2 diabetes. Ozempic belongs to a class of drugs known as GLP-1 receptor agonists and has the same...
BRIEF-QMSK Technology Co Ltd Files For U.S. IPO - SEC FILING
BRIEF-QMSK Technology Co Ltd Files For U.S. IPO - SEC FILING
Jan 28, 2025
Jan 28 (Reuters) - QMSK Technology Co Ltd: * QMSK TECHNOLOGY CO LTD: FILES FOR U.S. IPO * QMSK TECHNOLOGY CO., LTD: EXPECT IPO OFFERING PRICE FOR ORDINARY SHARES WILL BE IN RANGE OF $4.00 TO $6.00 PER SHARE * QMSK TECHNOLOGY CO: EXPECT US IPO PRICE FOR ORDINARY SHARES WILL BE IN RANGE OF $4.00 TO $6.00 PER SHARE...
Copyright 2023-2025 - www.financetom.com All Rights Reserved