Alkane Resources Ltd ( (AU:ALK) ) has shared an announcement.
Alkane Resources Ltd has announced the results of its underground resource expansion drilling at the Tomingley Gold Operations, specifically targeting the Caloma Two deposit. The drilling, which included 91 holes over 15,439 meters, revealed significant gold mineralization in several lodes, indicating potential for resource expansion. The company plans to further evaluate the economic recovery potential of these new lodes, with the possibility of increasing its ore reserves. This development underscores the company’s strategic focus on expanding its gold resources, potentially enhancing its market position and future operations.
More about Alkane Resources Ltd
Alkane Resources Ltd is a company operating in the mining industry, primarily focusing on gold exploration and production. The company is engaged in the development and expansion of its gold resources, particularly at its Tomingley Gold Operations in Central New South Wales, Australia.
YTD Price Performance: 17.94%
Average Trading Volume: 17,834
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $240.6M
See more data about ALK stock on TipRanks’ Stock Analysis page.