Alliance Resources Confirms High-Grade Gold at Weednanna Target 4

THE DRILL SERGEANT: Alliance Resources (ASX: AGS) reported provisional results for the third round of reverse circulation (RC) drilling carried out recently at the Weednanna gold prospect.

The weednanna prospect is part of the Wilcherry Project Joint Venture between Alliance (61.36%) and Tyranna Resources Ltd (ASX: TYX) (38.64%).

Alliance Resources completed the RC drilling program in early November, which was designed to define the geometry of Targets 1, 2 and 3 with step-out drilling and to test the new Target 4 with initial drilling by Alliance.

A total of 21 RC holes were drilled with nine holes reporting intercepts of greater than one gram per tonne gold and four holes returning greater than 50g/t-m gold.

Results included:

17WDRC067 (Target 4)
16 metres at 22.11 grams per tonne gold from 104m;

17WDRC057 (Target 2)
8m at 14.52g/t gold from 60m;

17WDRC051 (Target 1)
48m at 2.37g/t gold from 44m, including 24m at 3.91g/t gold from 44m; and

17WDRC070 (Target 4)
4m at 16.7g/t gold from 80m.

“These results, in particular the high-grade results from Target 4, confirm our view that Weednanna is a growing gold system that demonstrates significant potential for the discovery of further high-grade gold shoots,” Alliance Resources managing director Steve Johnston said in the company’s announcement to the Australian Securities Exchange.

Email: info@allianceresources.com.au

Website: www.allianceresources.com.au