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Alliance Mining Corp.
Summary
| Project: | Red Rice Lake | |
|---|---|---|
| Deposit: | Packsack | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-6-2018: Alliance Mining Corp. announces an Exploration/Drilling Update report for its Packsack deposit at the Red Rice Lake project. Drilling results incl. 21.18m @ 0.86g/t Au from 56.50m. Vancouver, British Columbia: Alliance Mining Corp. (TSX-v: ALM) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: William Hood (Independent) | |
| ABSTRACT: | Vancouver, British Columbia: Alliance Mining Corp. (TSX-v: ALM) (“Alliance” or the “Company”) is pleased to announce results from their winter drilling program on the Packsack claim group, part of the Red Rice Lake gold project. The objectives of the program and character of the mineralized zones intersected have been described in Alliance news releases dated April 26, March 27 and March 15, 2018. The program was completed with four NQ drill holes totaling 793 meters. All technical objectives of the program were accomplished. Significant assay results are tabulated below Gold mineralization on the Packsack property is occurring in quartz-ankerite-tourmaline-pyrite veins associated with late quartz-feldspar porphyry dikes within a sericite alteration envelope, all within a large, early, cross-cutting mafic dike. “This drill program was targeted mainly on the Big Dome vein, which was explored by underground development in the 1930s,” said Consulting Geologist William Hood, “but I’ll be suggesting a re-interpretation of the Packsack property toward a larger-tonnage, lower-grade open-pittable style of mineralization.” “We may want to view the entire Packsack group of veins, including the Big Dome, Hargraves, Golden Stairway, Central Montcalm and South Montcalm veins, all within a larger mineralized alteration envelope. | |
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