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Alkane pours first gold bar at New South Wales mine

Alkane pours first gold bar at New South Wales mine

Photo by Bloomberg

17th February 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – ASX-listed Alkane Resources has poured its first gold at the Tomingley project, in New South Wales.

The company told shareholders on Monday that the first gold bar was poured following the successful commissioning of the stripping and elution circuit of the process plant.

The first pour contained about 230 oz of gold and was the final milestone in delivering the project.

Tomingley was expected to produce between 50 000 oz/y and 60 000 oz/y, based on a yearly ore throughput of one-million tonnes, over a life-of-mine of seven-and-a-half years.

Tomingley is based on three gold deposits and is located 14 km from the Peak Hill gold mine, and 50 km south-west of the Dubbo zirconia project. It has a resource of 14.29-million tonnes, grading 2 g/t gold for 921 000 oz of contained gold.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

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