06:46 AM EST, 02/24/2026 (MT Newswires) -- Alkane Resources ( ALKEF ) late on Monday released drill results from the Tomingley gold operations in New South Wales that identified a gold-bearing structure at the project.

Exploration drilling has tested a seismic reflector feature beneath the Roswell Deposit and near-mine prospects such as El Paso.

A program of underground drilling at Roswell targeting the inferred resources hosted by the Western Monzodiorite domain was completed. The program has confirmed multiple high-grade gold zones within the monzodiorite.

Highlights of the results include 8.7 meters grading 1.15 grams per ton gold including 3 m grading 2.78 g/t gold at the Roswell Seismic target; 5.9 m grading 31 g/t gold including 2.1 m grading 78.4 g/t gold at the Roswell Western Monzodiorite underground drilling; and 17 m grading 4.02 g/t gold including 0.5 grading 77.5 g/t gold at El Paso exploration drilling.

The gold results from the underground drilling of the Western Monzodiorite domain has initiated a second phase of drilling that will test the upper and lower portions of the inferred domain. The ongoing program is expected to be completed by the third quarter.

In the second quarter, the company plans to commence four diamond core drill holes at Glen Isla to test epithermal gold targets generated from an induced polarization survey completed in 2025.

"Our continuing exploration at Tomingley reveals both extensions to our deposits, which remain open at depth and along strike, as well as new areas of mineralisation," said Alkane Managing Director and Chief Executive Officer Nic Earner. "This drilling demonstrates the significant resource expansion potential across the mine site, we look forward to revealing this potential, both near mine and regionally around Tomingley."