For thousands of other reports visit RSC's Mineral Intellingence Map
Alliance Resources Ltd.
Summary
| Project: | Wilcherry | |
|---|---|---|
| Deposit: | Weednanna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-8-2017: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Weednanna deposit at the Wilcherry project. Drilling results incl. 60m @ 5.65g/t Au from 47m. The Directors of Alliance Resources Ltd (Alliance) are pleased to anno | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Johnston (Internal) | |
| ABSTRACT: | The Directors of Alliance Resources Ltd (Alliance) are pleased to announce results for the reverse circulation (RC) drilling at the Weednanna gold prospect, part of the Wilcherry Project Joint Venture between Alliance (51%) and Tyranna Resources Ltd (ASX Code: TYX) (49%). The RC drilling program was completed in June and was designed to test the geometry and plunge continuity of three high-grade gold shoots referred to as Targets 1, 2 and 3. A total of 25 RC holes were drilled for 4,041 metres (17WDRC025-49). Eighteen out of 25 holes reported intercepts >1 g/t Au, with 5 holes returning >50 g/t-m Au. Intercepts >1 g/t gold (Au) are shown in Table A and drill collar plans and cross-sections may be found in Figures 1 to 8. This improved understanding of the mineralisation style at Weednanna will be used to better define the distribution of gold at this prospect. Managing Director, Steve Johnston, commented: “The Board is encouraged by these excellent results and as our understanding of the controls on the gold mineralisation increases, Weednanna should continue to develop toward becoming a significant South Australian gold project for Alliance and its shareholders.” Weednanna is the most advanced gold prospect at the Wilcherry Project. Historic exploration completed by Acacia Resources, Aquila, and Trafford Resources targeted primary gold beneath coincident calcrete soil anomalies and magnetic highs. This work identified a calc-silicate and magnetite skarn system containing discrete intersections of high-grade gold. The Wilcherry Project Joint Venture is systematically re-logging all available RC chips and diamond core from Weednanna with the objectives of identifying structural and lithological controls on the distribution of gold, constructing a 3D geological model of the prospect, and planning further exploration with a view towards defining a mineral resource. | |
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