Alkane Resources (ASX:ALK) delineated targets from a recent drill program at the Tomingley operation in New South Wales, according to a Monday filing with the Australian bourse.
Drilling at the area's El Paso prospect and south of the San Antonio deposit yielded up to 1 meter at 4.4 grams per tonne grade of gold from 216 meters and defined mineralization in the area for further testing, the miner said in the filing.
Share of Alkane Resources rose past 2% at market close on Monday.
Price (AUD): $0.46, Change: $+0.010, Percent Change: +2.25%
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