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Alliance Resources Ltd.
Summary
| Project: | Wilcherry | |
|---|---|---|
| Deposit: | Weednanna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-2-2017: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Weednanna deposit at the Wilcherry project. JV with Tyranna Resources Ltd. -results incl. 2m @ 30.3g/t Au from 17m. Alliance Resources Ltd (Alliance) is pleased to p | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Johnston (Internal) | |
| ABSTRACT: | Alliance Resources Ltd (Alliance) is pleased to provide an update at the Wilcherry Project in South Australia, a joint venture between Alliance (51%) and Tyranna Resources Ltd (Tyranna, ASX Code: TYX) (49%). Between 2007 and 2013 approximately 830 RC and diamond holes totalling over 77,000 metres were drilled at the Wilcherry Project to define iron mineralisation. At that time, tenement holder IronClad Mining Limited (now Tyranna) did not have the rights to gold or base metals and therefore did not analyse for those elements. Alliance has commenced a program of assaying these historic sample pulps for gold and XRF analyses for other metals. This work returned significant gold results from the Weednanna Prospect and identified minor multi-element anomalism at the Weednanna North, Ultima Dam East, and Ultima Dam West prospects. All gold anomalous composite sample intervals from the Weednanna Prospect returning greater than 0.1 g/t gold (Au) were re-analysed for gold over 1 metre intervals using the fire assay technique. Weednanna is the most advanced gold prospect in the Wilcherry Project area. In 1997 Acacia Resources identified a strong gold-in-calcrete anomaly at Weednanna which is coincident with a prominent NNWtrending magnetic anomaly. Successive drilling campaigns identified gold mineralisation associated with skarn alteration and brecciation in the contact aureole of the adjacent granite, however the structural and lithological controls on the distribution of gold are poorly understood. | |
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