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Alliance Resources Ltd.
Summary
| Project: | Wilcherry | |
|---|---|---|
| Deposit: | Weednanna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-7-2018: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Weednanna deposit at the Wilcherry project. Drilling results incl. 9m @ 25.1g/t Au from 7m. Nine additional zones of gold mineralisation (shoots) have been 3D model | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Johnston, Anthony Gray (Internal; Independent) | |
| ABSTRACT: | Nine additional zones of gold mineralisation (shoots) have been 3D modelled ahead of the maiden Weednanna mineral resource estimate based on gold intercepts in the historical drilling database Fifty nine (59) drilling intercepts with gold results >1 g/t Au support these shoots, including the following >50 g/t-m Au gold intercept Alliance Resources Ltd (Alliance) is pleased to announce historic gold intercepts from the Weednanna Prospect, which form part of the Wilcherry Project Joint Venture between Alliance (71.09%) and Tyranna Resources Ltd (ASX Code: TYX) (28.91%). These results are associated with gold-bearing shoots1 defined during the recently completed 3D modelling project The 3D geological modelling completed at Weednanna in support of the maiden mineral resource estimate (in preparation) was initially planned to be restricted to the areas of highest drilling density around gold mineralised Shoots 1 to 4 However, as Alliance’s understanding of the lithological and structural controls on the distribution of gold has evolved the significance of additional gold mineralisation has been recognised from drilling intercepts in the historical database. Nine | |
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