Alliance Resources Commences Wilcherry HEM Survey

THE DRILL SERGEANT: Alliance Resources (ASX: AGS) has commenced ground moving loop electromagnetic (MLEM) surveys to follow up heli-electromagnetic (HEM) conductors at the company’s Wilcherry project in South Australia.

The Wilcherry project is a Joint Venture between Alliance (51%) and Tyranna Resources (ASX: TYX) (49%).

Alliance Resources said the high powered MLEM survey program, being undertaken by Gap Geophysics Australia, kicked off at the first of four targets to follow-up first order regional HEM survey conductors identified during a survey completed in December 2016.

The company said the targets may be prospective for accumulations of massive sulphides.

A total of 22 traverse lines are planned for 34 line km of surveying (353 stations).

The aims of the survey are:

To follow-up HEM anomalism and confirm the presence of bedrock conductors at the target areas; and

To optimise drill targets in order to test bedrock conductors for economic concentrations of metals.

“Preliminary interpretation by Southern Geoscience Consultants has identified four first order targets (in addition to Zealous and Telephone Dam), based on how discrete the anomalies appear, strength of the HEM signatures, and clear association or correlation with structure observed in aeromagnetic data,” Alliance Resources said in its ASX announcement.

“It should be noted that the HEM survey data is collected at 25Hz base frequency and as such, anomalies defined at late channels can range between weak bedrock conductors to strong bedrock conductors.

“The strength of the conductors can only be resolved with ground EM follow‐ up.”

Email: info@allianceresources.com.au

Website: www.allianceresources.com.au