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Alliance Resources Ltd.

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Summary

Project:

Gundockerta South

Deposit:Gundockerta South
Location:Australia
Commodities:Gold
Date:6/27/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:27-6-2018: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Gundockerta South deposit at the Gundockerta South project. Drilling results incl. 4m @ 0.31g/t Au from 8m. Alliance Resources Ltd announces receipt of preliminary
Resources:x
CP/QP:[Overall Report]: Stephen Johnston (Internal)
ABSTRACT:Alliance Resources Ltd announces receipt of preliminary gold results from aircore drilling at the Gundockerta South Project. The Project is located 72 km east of Kalgoorlie, Western Australia and is prospective for greenstone-hosted orogenic gold deposits. A 66 hole aircore drilling program, totalling 3,007 metres, was completed over the northern part of the target zone at the Gundockerta South Project during early June, to test for low-level gold in regolith beneath a large (~8 km x 3.5 km) zone of sporadic gold in soil anomalism. All holes were drilled vertically on a 160 metre by 640 metre spaced grid and the average depth of drilling was 46m. Preliminary gold (Au) assays based on 4m composite scoop samples have been received for all holes, with 2 holes returning anomalous results, as follows GSA016 is associated with transported cover and siliceous duricrust over strongly carbonate altered mafic and GSA062 is associated with upper saprolite over deeply weathered mafic saprock. Drillhole collar locations are shown in Figure 1. Anomalous intercepts are detailed in Table A. Managing Director, Steve Johnston, commented: “These results definitely warrant follow up. The drilling grid is very wide spaced and both intercepts are open in at least one direction.”

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