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Alliance Resources Ltd.
Summary
| Project: | Wilcherry | |
|---|---|---|
| Deposit: | Weednanna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-1-2018: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Weednanna deposit at the Wilcherry project. Drilling results incl. 15m @ 18.21g/t Au from 107m. The Directors of Alliance Resources Ltd (Alliance) are pleased to an | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Johnston (Internal) | |
| ABSTRACT: | The Directors of Alliance Resources Ltd (Alliance) are pleased to announce the final results for the third round of reverse circulation (RC) drilling at the Weednanna Gold Prospect, which forms part of the Wilcherry Project Joint Venture between Alliance (61.36%) and Tyranna Resources Ltd (ASX Code: TYX) (38.64%). Alliance Resources Managing Director explained, “These latest and final results from the drilling program at Weednanna clearly indicate to us that we have a significant high-grade gold project on our hands. We expect to commence progressing Weednanna towards a resource definition, encouraged by these latest widths and grades. Weednanna continues to impress and with further exploration planned we believe it has the scale and grade to be a company making project.” The RC drilling program, completed in early November, was designed to define the geometry of Targets 1, 2 and 3 with step-out drilling and to test the new Target 4 with initial drilling by Alliance. A total of 21 RC holes were drilled for 3,246 metres (17WDRC050-70). Fifteen holes reported intercepts >1 g/t Au, with 4 holes returning >50 g/t- m Au. Intercepts >1 g/t gold (Au) are detailed in Table A and drill collar plans and cross-sections may be found in Figures 1 to 8. The reported results are 1 metre samples assayed for gold using 50g charge fire assay with AAS finish and support the provisional 4m composite sample intervals reported on 30 November 2017. | |
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