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Alliance Resources Ltd.
Summary
| Project: | Wilcherry | |
|---|---|---|
| Deposit: | Weednanna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-11-2018: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Weednanna deposit at the Wilcherry project. Drilling results incl. 20.00m @ 12.44g/t Au from 104m. The Board of Alliance Resources Ltd (Alliance) is pleased to ann | |
| 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 the latest round of reverse circulation (RC) drilling at the Weednanna gold prospect, which forms part of the Wilcherry Project Joint Venture between Alliance (79.01%) and Tyranna Resources Ltd (ASX Code: TYX) (20.99%). During September 28 RC holes, for 4,278 metres, were drilled at the Weednanna Prospect. These holes consisted of Weednanna for the discovery and definition of high grade gold lodes at relatively shallow depth.” The results are based on 1m samples analysed for gold using a 40g charge fire assay with AAS finish. The highgrade gold results have been validated by acceptable comparison with 4m composite sample assays collected prior to 1m sample assays. This drilling returned a best result of 20m @ 12.44 g/t Au from 104m in 18WDRC027 associated with Shoot 5 (Figure 2). This result is very significant because it is down dip of 8m @ 12.6 g/t Au from 93m in 18WDRC005 and correlates with the intersection of 7m @ 21.2 g/t Au from 125m in 98WDDH002 that is located 25 metres to the north on the 6372275mN Section. Also, this shoot appears to be sub-horizontal and is untested by drilling to the south and may project at least 50 metres to the north. This high grade gold shoot is sufficiently close to the existing Shoot 4/5 2018 Mineral Resource Estimate A$2,000/oz open pit shell that it may be amenable to either open pit or underground mining techniques. | |
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