For thousands of other reports visit RSC's Mineral Intellingence Map
Alliance Resources Ltd.
Summary
| Project: | Wilcherry | |
|---|---|---|
| Deposit: | Weednanna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-1-2019: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Weednanna deposit at the Wilcherry project. Old drillholes, new assay results incl. 8.0m @ 1.06g/t Au from 58m. Alliance Resources Ltd (Alliance) is pleased to anno | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Johnston, Anthony Gray (Internal;Independent) | |
| ABSTRACT: | Alliance Resources Ltd (Alliance) is pleased to announce gold results from the re-analysis of historic iron ore drill samples at the Weednanna North Prospect, which forms part of the Wilcherry Project Joint Venture between Alliance (79.01%) and Tyranna Resources Ltd (ASX Code: TYX) (20.99%). The Weednanna North Prospect was explored by Ironclad Mining between 2008 and 2012 for economic concentrations of iron ore. During this period 12 diamond holes, for 761.4 metres and 127 RC holes, for 12,786 metres, were drilled (Table 1). During 2018 all historic RC and diamond holes from the Weednanna North Prospect were systematically relogged for cross-sectional interpretation and 3D geological modelling. The Weednanna North Prospect consists of a northwest striking zone of calc-silicate and magnetite skarn altered Paleo-Proterozoic Hutchinson Group metasediments that are bounded by Archaean Sleaford Complex granite and gneiss. The geology is very similar to the Weednanna Gold Deposit and there appears to be similar structural positions to those that host gold at Weednanna. Between 2008 and 2012 a total of 6,729 composite and 1m split drilling samples were collected by Ironclad Mining and analysed for an iron ore suite of multi-elements. Alliance has located the laboratory drill sample pulps for 6,342 of these samples (94% of all historic drilling samples) and re-analysed them for gold. Assay results from this work have returned 158 samples containing gold anomalism greater than 0.1 g/t Au, with 11 holes containing drill intersections of greater than 2.0 g/t-m (grade x thickness) Au (Figure 1 and Table 2). These broad zones of gold anomalism are of similar width and grade to those observed at the Weednanna Gold Deposit adjacent to high-grade gold shoots. As the Weednanna North Prospect has not previously been drilled to target favourable structural positions that may host high-grade gold, these gold assay results confirm the gold prospectivity of the area and indicate that this prospect is a priority gold exploration target that warrants further drill testing. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report