Alliance Resources Continues to Define Weednanna Gold

THE DRILL SERGEANT: Alliance Resources (ASX: AGS) announced results from a recent phase of RC drilling completed at the company’s Weednanna gold deposit on the Eyre Peninsula of South Australia.

Alliance Resources drilled 33 RC holes during July and August 2019 for 5,211 metres at the Weednanna deposit in a bid to continue to define the extensions of gold mineralisation at Shoots 5E, 7 and 8, infill gold mineralisation at Shoot 9/11, and test for Shoot 1 style gold mineralisation at the 3DIP target.

The company’s objective with this drilling program was to extend known gold mineralisation in the southern area of the deposit.

“The results from this drilling program have continued to grow the size of the Weednanna deposit outside of the Maiden Mineral Resource area,” Alliance Resources said in its ASX announcement.

Drilling at Shoot 5E continued to extend mineralisation with intersections of:

3 metres at 3.4 grams per tonne gold from 118m (Shoot 5E HW);

9m at 3g/t gold from 147m and 3m at 4g/t gold from 175m (Shoots 5E and 5E FW); and

6m at 16.6g/t gold from 107m, including 4m at 24.1g/t gold from 108m (Shoot 5E).

Further definition of Shoot 9/11 was achieved with an intersection of:

3m at 3.8g/t gold from 127m.

The Shoot 7 target area was defined on 50 metre spaced traverses for infill drilling, encountering a result of:

13m at 1.2g/t gold from 97m.

Drilling was undertaken on the unnamed 3D induced polarisation (3DIP) geophysical target to follow-up a previous intersection of 10m at 1.6g/t gold from 92m in 19WDRC046 hosted in Archaean granite.

The latest drilling hit:

6m at 3.4g/t gold from 54m, including 1m at 12.1g/t gold from 58m.

Alliance said this gold is associated with strong chlorite-sericite alteration and disseminated arsenopyrite similar to mineralisation at Shoot 1.

In 2018, Alliance announced a maiden Mineral Resources estimate for the Weednanna gold deposit of 1.097 million tonnes at 5.1 grams per tonne gold for 181,000 ounces gold (classified 49% Indicated and 51% Inferred) (2018MRE).

Since the 2018MRE Alliance has drilled a further 139 RC holes and 5 diamond holes, for 21,542 metres, with the objective of growing and increasing geological confidence in the Weednanna Mineral Resource.