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Alliance Resources Ltd.
Summary
| Project: | Wilcherry | |
|---|---|---|
| Deposit: | Weednanna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-4-2019: Alliance Resources Ltd. announces a Scoping Study report for its Weednanna deposit at the Wilcherry project. Scoping Study results positive for Weednanna project. Alliance Resources Ltd (Alliance or the Company) is pleased to report that indepe | |
| Resources: | (Resource, I+I): 1.097Mt @ 5.1g/t Au for 181Koz Au contained | |
| CP/QP: | [Resources]: Stuart Hutchin (Mining One Pty Ltd.) | |
| ABSTRACT: | Alliance Resources Ltd (Alliance or the Company) is pleased to report that independent consultant Mining One Pty Ltd has completed a Scoping Study on the Company’s 100% owned Weednanna Gold Deposit in South Australia. Mining One Pty Ltd has completed a Scoping Study (+/- 35% accuracy) into the potential viability of the Mineral Resources at the project to support a new 250,000 tonnes per annum (tpa) gold processing facility on site, including but not limited to Managing Director Steve Johnston stated: “The Directors are delighted with the results of the Scoping Study and have determined that the outcomes provide strong encouragement for Alliance to commit to the next stage of its exploration and development program. To this end the Company advises that drilling, to extend the mineral Alliance Resources Ltd ASX Announcement 18 April 2019 3 ASX ANNOUNCEMENT resource and to infill the Inferred mineral resources in order to increase the ratio of Indicated mineral resources, has already commenced.” The Scoping Study results should be read in the context of the Cautionary Statements set out above. LOCATION The project is located on Exploration Licence 6188, which forms part of the broader Wilcherry project, owned 100% by Alliance Craton Explorer Pty Ltd and is located 105 km WNW of Whyalla and 45 km NNE of the township of Kimba, South Australia (Figure 1) | |
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