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Alliance Resources Ltd.

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Summary

Project:

Wilcherry

Deposit:Telephone Dam, Zealous
Location:Australia
Commodities:Gold
Date:10/5/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:5-10-2017: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Telephone Dam, Zealous deposit at the Wilcherry project. Drilling results incl. 12.7m @ 3.9% Pb, 0.2% Zn, 114g/t Ag from 65.8m. The Directors of Alliance Resources
Resources:x
CP/QP:[Overall Report]: Stephen Johnston (Internal)
ABSTRACT:The Directors of Alliance Resources Ltd (Alliance) are pleased to announce results of diamond drilling at the Telephone Dam zinc-lead-silver prospect and Zealous tin prospect, within the Wilcherry Project Joint Venture between Alliance (51%) and Tyranna Resources Ltd (ASX Code: TYX) (49%). During July and August, three diamond holes for 1,029 metres, were drilled at the Zealous and Telephone Dam prospects to test Moving Loop electromagnetic (MLEM) conductors potentially associated with tin or silverlead-zinc mineralisation. Two diamond drill holes (17ZLDH001 and 002) were drilled for 731.3 metres at the Zealous Prospect (Figure 1). Hole 17ZLDH001 intersected a narrow iron-rich horizon that may be related to the ironstone that hosts tin in drilling to the south of the area tested. However, no obvious sulphide source for the MLEM conductors was observed in either drill hole. One diamond drill hole (17TDDH001) was drilled for 297.7 metres at the Telephone Dam Prospect (Figure 2). This hole intersected chloritic metasediments containing disseminated graphite and lesser pyrite that is interpreted to be the source of this targeted conductor. A total of 357 approximately 1 metre samples were submitted for gold and base-metal analyses.

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