PARKES PROJECT (GOLD)
Magmatic Resources Ltd 100%
The Parkes Project comprises two exploration licences located within the Parkes Fault Zone, approximately 25km south from Alkane’s Tomingley Gold Operations and recently defined gold resources at Roswell, 662koz (ASX ALK 54 November 2020) and San Antonio, 453koz (ASX ALK 20 April 2021). Several existing gold intersections are equivalent to early stage exploration results at Alkane’s Tomingley Deposits, including:
- 16m at 1.22 g/t Au from 13m (MM33) McGregors (ASX MAG 17 May 2017)
- 18m at 0.72 g/t Au from 33m (MM33) McGregors (ASX MAG 17 May 2017)
- 26m at 0.55 g/t Au from 34m (MM32) McGregors (ASX MAG 17 May 2017)
- 22m at 0.79g/t Au from 45m (S1) Stockmans (ASX MAG 17 May 2017
- 12m at 1.42g/t Au from 7m (S2) Stockmans (ASX MAG 17 May 2017)
