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Alliance Resources Ltd.
Summary
| Project: | Wilcherry | |
|---|---|---|
| Deposit: | Weednanna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-11-2017: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Weednanna deposit at the Wilcherry project. Drilling results incl. 16m @ 22.11g/t Au from 104m. The Directors of Alliance Resources Ltd (Alliance) are pleased to a | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Johnston (Internal) | |
| ABSTRACT: | The Directors of Alliance Resources Ltd (Alliance) are pleased to announce provisional results for the third round of reverse circulation (RC) drilling at the Weednanna gold prospect, which forms part of the Wilcherry Project Joint Venture between Alliance (61.36%) and Tyranna Resources Ltd (ASX Code: TYX) (38.64%). The RC drilling program, completed in early November, was designed to define the geometry of Targets 1, 2 and 3 with step-out drilling and to test the new Target 4 with initial drilling by Alliance. A total of 21 RC holes were drilled for 3,246 metres (17WDRC050-70). Nine holes reported intercepts >1 g/t Au, with 4 holes returning >50 g/t-m Au. Intercepts >1 g/t gold (Au) are detailed in Table A and drill collar plans and cross-sections may be found in Figures 1 to 8. The reported results are 4 metre composite samples and may change pending receipt of the 1 metre split samples. Managing Director, Steve Johnston, commented: “These results, in particular the high grade results from Target 4, confirm our view that Weednanna is a growing gold system that demonstrates significant potential for the discovery of further high grade gold shoots.” The results are based on 4 x 1m scoop samples composited into a single sample and assayed for gold using 50g charge fire assay with AAS finish. Results for 1m sample splits are pending and therefore, these results are at this stage provisional. | |
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