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Alliance Resources Ltd.
Summary
| Project: | Wilcherry | |
|---|---|---|
| Deposit: | Weednanna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-9-2018: Alliance Resources Ltd. announces a Resource Estimation report for its Weednanna deposit at the Wilcherry project. Initial mineral resource estimate at Weednanna. Alliance Resources Ltd (Alliance) is pleased to announce a Maiden Mineral Resource | |
| Resources: | (Resource, I+I): 1.097Mt @ 5.1g/t Au for 181Koz Au contained at Weednanna | |
| CP/QP: | [Resources]: Stuart Hutchin (Mining One Pty Ltd.) | |
| ABSTRACT: | Alliance Resources Ltd (Alliance) is pleased to announce a Maiden Mineral Resource Estimate for the Weednanna Gold Deposit, part of the Wilcherry Project Joint Venture between Alliance (75.01%) and Tyranna Resources Ltd (ASX: TYX) (24.99%), located 40 km NNE of the township of Kimba, South Australia. Alliance Managing Director Steve Johnston said “the delivery of a maiden Mineral Resource is a significant milestone for the Company and confirms Weednanna as a quality gold deposit with outstanding economic potential”. “This is the first step towards establishing the Wilcherry Project area as an emerging gold-producing district in South Australia.” Alliance Resources Ltd ASX Announcement 6 September 2018 2 ASX ANNOUNCEMENT Mining One Pty Limited has been engaged by Alliance to undertake the following scope of works: 1. Review the geology and mineralisation interpretations completed by the Alliance technical team; 2. Complete a site visit to review site protocols, discuss technical aspects with site team and JORC requirements; 3. Review the technical dataset that will support the JORC 2012 resource, including drilling and sampling QAQC, density measurements and assaying methodologies; 4. Complete a mineral resource estimate utilising the supplied geological interpretation and all relevant drilling and sampling data; 5. Compile a resource estimation report and sign off as per JORC 2012 guidelines; and 6. Run open pit optimisations on the Mineral Resource and derive underground potential above an appropriate cut-off grade. The global resource at various cut-off grades are shown in Table | |
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