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Alliance Resources Ltd.
Summary
| Project: | Wilcherry | |
|---|---|---|
| Deposit: | Weednanna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-4-2017: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Weednanna deposit at the Wilcherry project. JV with Tyranna Resources Ltd. -results incl. 14m @ 36.1g/t Au from 118m. Alliance Resources Ltd (Alliance) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Johnston (Internal) | |
| ABSTRACT: | Alliance Resources Ltd (Alliance) is pleased to announce that it has received results for the circulation (RC) drilling at the Weednanna gold prospect, Target 3. Weednanna is the most advanced gold prospect at the Wilcherry Project Joint Venture between Alliance (51%) and Tyranna Resources Ltd (ASX Code: TYX) (49%). The gold intercepts are amongst the best grades reported from Weednanna and highlight the mineral potential of this prospect. The RC drilling program was designed to test the strike, dip, and plunge continuity of three possible high-grade gold mineralised shoots referred to as Targets 1, 2 and 3 (Figure 1). A total of 24 RC holes were completed for 3,920 metres. Alliance has planned a further program of RC drilling to test for extensions to, and infill, high grade gold intersections at Weednanna returned from the recent RC drilling program. It should be noted that many other high-grade gold targets exist at the Weednanna prospect. | |
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