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Alliance Resources Ltd.
Summary
| Project: | Wilcherry | |
|---|---|---|
| Deposit: | Weednanna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-4-2017: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Weednanna deposit at the Wilcherry project. Drilling results incl. 49m @ 6.34g/t Au from 45m. The Directors of Alliance Resources Ltd (Alliance) are pleased to anno | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Johnston (Internal) | |
| ABSTRACT: | The Directors of Alliance Resources Ltd (Alliance) are pleased to announce results for the reverse circulation (RC) drilling from Targets 1 and 2 at the Weednanna gold prospect, part of the Wilcherry Project Joint Venture between Alliance (51%) and Tyranna Resources Ltd (ASX Code: TYX) (49%). The RC drilling program was designed to test the strike, dip, and plunge continuity of three possible high-grade gold mineralised shoots referred to as Targets 1, 2 and 3 (Figure 1). Thirteen out of 16 holes from Targets 1 and 2 reported intercepts >1 g/t Au. These results confirm high-grade gold mineralisation at Weednanna and support the joint venture’s initial exploration objectives. The results are based on 1m samples for Au using 50g charge fire assay with AAS finish. The high-grade gold results have been validated by acceptable comparison with 4m composite scoop samples collected prior to 1m sampling. The locations of drillhole collars are shown in Figures 1 and 2 and cross-sections are shown in Figures 3 and 4, for Targets 1 and 2, respectively. Refer to Table A for all significant gold results greater than 1 g/t Au and Table B for drill hole location details. A total of 24 RC holes were completed for 3,920 metres, eight holes of which (17WDRC017-24) relating to Target 3 were announced by Alliance on 3 April 2017. These latest results build on the Target 3 results. | |
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