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Alliance Resources Ltd.
Summary
| Project: | Wilcherry | |
|---|---|---|
| Deposit: | Weednanna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/8/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-5-2020: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Weednanna deposit at the Wilcherry project. Drilling results incl. 5m @ 63.8g/t Au from 14. Alliance Resources Ltd (Alliance) is pleased to announce assay results fo | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Anthony Gray (Internal) | |
| ABSTRACT: | Alliance Resources Ltd (Alliance) is pleased to announce assay results for the latest phase of RC drilling completed at the Weednanna Gold Deposit, 40 km north of Kimba on the Eyre Peninsula, South Australia. During February 2020, 32 RC holes (20WDRC001-032) for 3,737 metres were drilled at Shoots 5, 5E, 6, 9 and 10 to increase geological confidence in the southern area of the deposit. Near-surface drilling at Shoot 10 was completed using a 5 metre by 12.5 metre and 10 metre by 12.5 metre spaced grid to define a Measured resource, whereas deeper drilling at Shoots 5, 5E, 6, and 9 was completed using a 20 metre by 25 metre spaced grid to define an Indicated resource. Drill collar plans and cross-sections are detailed in Figures 1 to 6 and intersections >1 g/t gold are detailed in Table A. The results from this drilling program have identified significant intersections of high-grade gold associated with Shoot 10 in the East Pit area, as defined by the 2019 Weednanna Scoping Study (refer to Alliance’s ASX Announcement dated 18 April 2019). Infill drilling at Shoots 5, 5E, 6 and 9 has increased geological confidence in the southern area of the deposit, with significant high-grade gold intersections returned from Shoots 5 and 5E. | |
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