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Alliance Resources Ltd.

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Summary

Project:

Wilcherry

Deposit:Weednanna
Location:Australia
Commodities:Gold
Date:6/12/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:12-6-2019: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Weednanna deposit at the Wilcherry project. Drilling results incl. 39.1m @ 3.51g/t Au from 46.9m. Alliance Resources Ltd (Alliance) is pleased to announce the resul
Resources:(Resource, I+I): 1.097Mt @ 5.1g/t Au for 181Koz Au contained
CP/QP:[Overall Report]: Anthony Gray, Stephen Johnston (Internal)
ABSTRACT:Alliance Resources Ltd (Alliance) is pleased to announce the results of diamond drilling at the Weednanna Gold Deposit, 40 km north of Kimba on the Eyre Peninsula, South Australia. Five HQ sized diamond holes were completed for 591.6 metres at Shoots 1, 2, 4, and 5 during January and February 2019 to provide core samples through gold mineralised zones for metallurgical test work. These holes were also logged by a geotechnical consultant and Hylogger scanned prior to cutting and assaying for gold. Drill collar and location plans may be found in Figures 1 and 2 and intersections >1 g/t gold are detailed in Table A. Results are based on 0.7 to 1.5m long cut core samples analysed for Au using 40g charge fire assay with AAS finish. Five HQ sized diamond holes (19WDDH001-005) were completed for 591.6 metres during January and February 2019 to provide metallurgical samples for the fresh sulphide rock domains of Shoots 1, 2, 4, and 5 (Figure 1). 19WDDH001 was drilled to provide a representative fresh sulphide metallurgical sample for Shoot 1 and will form part of the grade control drilling program for the Western Pit. This hole was positioned to intersect Shoot 1 near the centre of the planned open pit and intersected 39.1m @ 3.51 g/t Au from 46.9m (including 8.45m @ 8.52 g/t Au from 74.3m).

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