Alkane Resources Ltd has released an update on its exploration activities at the Tomingley Gold Project in central New South Wales, revealing encouraging drilling results from several key prospects near its operating gold mine. The program focused on defining targets that may expand the resource base and extend the life of its existing operations. At the El Paso prospect, located about 2 km south of the historic San Antonio deposit, four diamond core drill holes totaling roughly 1,200 metres intercepted significant gold mineralisation hosted within a dacite volcanic unit. In one drill hole, an 8.2‐metre intercept at 3.74 grams per tonne gold—further highlighted by a one-metre section at an exceptionally high 25.0 grams per tonne—demonstrated the continuity of the mineralised zone. Another hole at the same prospect recorded a composite intercept including 32.1 metres at 1.65 grams per tonne gold with several higher-grade shorter intervals. Plans are advancing with a further 2,000 metres of diamond core drilling scheduled for next month to better define the target. Additional exploration along the regional Tomingley Structure, which extends approximately 5 km north from the historic workings, has also generated promising RC drill results. One hole registered 14 metres at 0.58 grams per tonne gold, with higher-grade sub-intervals, while another returned 6 metres at 0.78 grams per tonne gold. Air-core drilling across a 2 km x 7 km portion of the Mingelo Volcanic Belt has delineated new zones of gold mineralisation, identifying anomalism at several prospects—including EPAC201, Jounama, and Westray—with intercepts such as 12 metres at 0.35 grams per tonne and shorter intervals up to nearly 1 gram per tonne gold. The broader regional program, which includes high-resolution drone magnetic surveys and further integrated mapping, soil sampling, and both RC and diamond drilling over the next 12 months, underscores the company’s commitment to generating additional drilling targets. In parallel with these near-mine and regional programs, routine grade control activities at the company’s operating San Antonio open pit and underground workings at Roswell continue, with significant underground drilling testing key targets. Near-mine diamond core holes at the historic Tomingley workings and along an extension of the Caloma gold deposit have also returned intercepts that hint at potential high-grade corridors, adding further strategic importance to the project area. The announcement reinforces that exploration has embraced a combination of diamond core, RC, and air-core drilling techniques, with true widths at El Paso estimated at around 90% of the intercept lengths, and lower at other targets due to the structural complexities. Bullish versus bearish sentiment remains mixed. On the bullish side, the detection of multiple significant gold intercepts—highlighting intervals with high-grade and consistent mineralisation, coupled with an aggressive planned exploration program—supports prospects for an expanded resource base and extended mine life, which may prove favorable for long-term growth in production and valuation. On the bearish side, some drilling challenges have been noted, particularly the RC drill hole that failed to overcome sandy alluvial overburden, underpinning the inherent risks associated with complex geology and drilling conditions. Investors are advised to balance these positive new discoveries with the potential uncertainties typical of early-stage exploration drilling programs.