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Alliance Resources Ltd.
Summary
| Project: | Wilcherry | |
|---|---|---|
| Deposit: | Weednanna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/15/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-4-2020: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Weednanna deposit at the Wilcherry project. Drilling results incl. 35m @ 6.78g/t Au from 46m. Alliance Resources Ltd (Alliance) is pleased to announce assay and met | |
| Resources: | (Resource, I+I): 1.097Mt @ 5.1g/t Au for 181Koz Au contained | |
| CP/QP: | [Overall Report]: Anthony Gray (Internal) | |
| ABSTRACT: | Alliance Resources Ltd (Alliance) is pleased to announce assay and metallurgical results for the latest phase of RC drilling completed at the Weednanna Gold Deposit, 40 km north of Kimba on the Eyre Peninsula, South Australia. During November 2019, 58 vertical RC holes (19WDRC095-151 and 153) for 5,490 metres were drilled in Shoot 1 at Weednanna on a 10m x 10m grid to define a Measured Resource in the initial proposed open pit area. Metallurgical samples were also collected during the drilling program to determine the expected gold recovery from a standard carbon in leach (CIL) gold processing facility. The results from this drilling program indicate that the likely size and grade of the Shoot 1 deposit may be lower than estimated in the 2018 Mineral Resource Estimate (refer to Alliance’s ASX Announcement dated 6 September 2018). Detailed metallurgical test work indicates that gold recovery of Shoot 1 ore will be lower than preliminary test work completed on a composite sample in 2017 and gold recovery assumptions used in the 2019 Weednanna Scoping Study (refer to Alliance’s ASX Announcement dated 18 April 2019) | |
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