For thousands of other reports visit RSC's Mineral Intellingence Map
Alliance Resources Ltd.
Summary
| Project: | Wilcherry | |
|---|---|---|
| Deposit: | Weednanna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-1-2019: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Weednanna deposit at the Wilcherry project. Drilling results incl. 2.0m @ 1.31g/t Au from 49m. The Board of Alliance Resources Ltd (Alliance) is pleased to announce | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Johnston, Anthony Gray (Internal;Independent) | |
| ABSTRACT: | The Board of Alliance Resources Ltd (Alliance) is pleased to announce the results of aircore drilling for gold at Weednanna East and proximal to the Weednanna Gold Deposit, part of the Wilcherry Project Joint Venture between Alliance (79.01%) and Tyranna Resources Ltd (20.99%). Eighty five (85) aircore drillholes were completed for 3,101 metres in the previous quarter as a first pass test to extend known gold in regolith anomalism at Weednanna East. This drilling program consisted of four lines of 50m x 200m spaced holes designed to test around the existing gold in soil and regolith anomalism, and extend coverage to the west of existing RAB drilling at Weednanna East to cover a series of northwest striking faults. All holes were drilled vertically to blade refusal. One metre scoop assay results have now been received. Four holes returned greater than 100 ppb gold with a best result o The majority of the gold anomalism has a northeast trend and is located towards the end of hole, near the saprolite / saprock boundary. Given the iron-poor felsic nature of these host rocks, this is where the gold in regolith anomalism is expected to concentrate. The magnitude and distribution of gold in the regolith may be indicative of primary gold mineralisation and further drilling is warranted to better define the gold in regolith anomalies before bedrock drill testing. Alliance Managing Director Steve Johnston said “Weednanna East is the first regional gold exploration target to be tested proximal to the Weednanna gold deposit. We are very encouraged by these aircore drilling results which indicate to us the prospectivity of the district.” | |
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