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Alliance Resources Ltd.
Summary
| Project: | Wilcherry | |
|---|---|---|
| Deposit: | Weednanna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-4-2018: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Weednanna deposit at the Wilcherry project. Drilling results incl. 4m @ 11.6g/t Au from 76m. The Board of Alliance Resources Ltd (Alliance) is pleased to announce t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Johnston (Internal) | |
| ABSTRACT: | The Board of Alliance Resources Ltd (Alliance) is pleased to announce the final provisional results for the fourth round of reverse circulation (RC) drilling at the Weednanna gold prospect, which forms part of the Wilcherry Project Joint Venture between Alliance (71.09%) and Tyranna Resources Ltd (ASX Code: TYX) (28.91%). The RC drilling program, consisting of 22 holes, completed in March, was designed to define the geometry of the Target 4 gold shoot (19 holes) and initial testing of the new Target 5 (3 holes). Four metre composite results for the first 17 holes were announced on 4 th April 2018 and these results are for the remaining 5 holes. Intersections >1 g/t gold are detailed in Table A and drill collar plans and a cross-section may be found in Figures 1 to 3. Of the 22 holes drilled, 15 holes reported intercepts >1 g/t Au, including 3 holes returning >50 g/t-m Au. Managing Director, Steve Johnston, commented: “The results from the latest round of drilling at Target 4 strengthens our view that Weednanna is a high grade gold system with potential for economic development. With this in mind, we are working towards a maiden mineral resource estimate in the current quarter and leading to a scoping study in 2H 2018.” | |
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