Alliance Resources Completes First Gundockerta South Drilling

THE DRILL SERGEANT: Alliance Resources (ASX: AGS) has completed the first phase of gold-focused aircore drilling at the company’s Gundockerta South project for gold, located 72 km east of Kalgoorlie, Western Australia.

Alliance Resources considers the project to be prospective for greenstone-hosted orogenic gold deposits.

The company completed a 66-hole aircore drilling program, totalling 3,007 metres, over the northern part of the target zone at the Gundockerta South project.

This first phase of aircore drilling was designed to test for low-level gold in regolith anomalism beneath gold in soil sample anomalism that can be used to vector towards a primary gold deposit.

All holes were drilled vertically on a 160 metre by 640 metre spaced grid and the average depth of drilling was 46m.

Four metre composite scoop samples have been submitted for gold and base metal analyses with results expected in approximately four weeks.

“The target zone overlies a flexure in the interpreted position of the Railway Fault where it truncates mafic and felsic volcanic rocks against younger Penny Dam Conglomerate,” Alliance Resources said in its ASX announcement.

“Given the size of this gold anomaly, the surface cover conditions and proximity to a flexure in a major fault truncating rocks of differing rheology contrast, this target has the potential to host primary gold mineralisation.

“Planned work includes completing aircore drilling over the southern part of the target zone in FY2019.

“Infill drilling will be dependent on the results of this first phase of drilling,”

 

Email: info@allianceresources.com.au

Website: www.allianceresources.com.au