Alkane Extends High-Grade Gold and Antimony at Brunswick South

Alkane Resources has extended the high-grade gold trend at its Brunswick South deposit in central Victoria, with drilling results showing pockets of strong gold endowment and a significant quantity of antimony. The deposit sits 400 metres south of the previously mined Brunswick vein and 200 metres from planned underground access at the company's Costerfield operation.

Managing Director Nic Earner said the results from extension and infill drilling over the past year have been highly encouraging. "This newly defined deposit contains pockets of high gold endowment and a significant quantity of antimony," he said. "Excitingly Brunswick South can be brought online without extensive access requirements. It is situated 200 metres from existing development."

Alkane is starting development toward Brunswick South this quarter and plans to establish it as a primary production source for Costerfield. The company has been mining the Costerfield gold-antimony system since the 1860s. Historical production concentrated in two main phases between 1861 and 1924, plus a short-lived attempt in the 1930s.