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Alliance Resources Ltd.

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Summary

Project:

Wilcherry

Deposit:Zealous
Location:Australia
Commodities:Tin-Copper-Lead-Zinc-Uranium
Date:11/16/2016
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:16-11-2016: Alliance Resources Ltd. announces an Exploration/Drilling Update report for its Zealous deposit at the Wilcherry project. JV with Tyranna Resources Ltd. - results incl. 63m @ 1.06% Pb, 0.21% Zn. Alliance is pleased to report the results from a
Resources:x
CP/QP:[Overall Report]: Stephen Johnston (Internal)
ABSTRACT:Alliance is pleased to report the results from a three hole drilling program by Tyranna Resources Ltd (Tyranna) at the Zealous prospect located within the Wilcherry Project, South Australia, a joint venture between Alliance (51%) and Tyranna (49%). The drilling, completed prior to the commencement of the joint venture, primarily targeted a magnetic anomaly thought to represent a potential source for the tin previously intersected at the prospect, however there is insufficient magnetism in the core to explain the anomaly. Only one hole intersected anomalous tin, 28m @ 469ppm Sn from 41m in 16ZLDH003. However, significant lead (Pb), zinc (Zn) and uranium (U) results were intersected, e.g. 63m @ 1.06% Pb from 36m and 129m @ 0.24% Zn from 69m, including 3m @ 747ppm U in 16ZLDH003. The lead-zinc anomalism has resulted in Alliance geologists revisiting the 2012-2014 drilling results by Trafford Resources Ltd. Significant base metal intercepts from the previous drilling programmes at Zealous are listed in Table B. Figures 2 and 3 are plans showing distribution of drilling intercepts for tin, and lead and zinc, respectively. The results of this early stage review indicates a significant number of large, low grade lead-zinc intercepts at Zealous, which in conjunction with the tin results and known geology of the district, supports a distal mineralised environment which may be suitable for the development of a replacement sulphide hosted tin deposit similar to Renison, Tasmania

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