Alliance Resources Continues Weednanna Gold Growth

THE DRILL SERGEANT: Alliance Resources (ASX: AGS) announced results of the latest round of reverse circulation (RC) drilling at the company’s Weednanna gold deposit on the Eyre Peninsula, South Australia.

Alliance Resources said the results from this latest round of drilling program had continued to grow the size of the Weednanna deposit outside of the Maiden Mineral Resource area, with highlights including:

High grade gold intersected near the southern end of Shoot 4 with intersections of:

2 metres at 46.8 grams per tonne gold from 101m; and

3m at 9.7g/t gold.

“These latest drilling results confirm that, as evidenced at Shoot 4, significant gold can occur near the footwall contact of the Paleo-Proterozoic calc-silicate and magnetite skarn, and that lower grade gold zones can act as a vector towards higher-grade gold mineralisation,” Alliance Resources said in its ASX announcement.

“In general, the footwall contact of the skarn is poorly tested by drilling and significant potential remains to discover further gold in this geological position.”

Shoot 5E continues to be defined with intersections of:

3m at 6.9g/t gold from 106m;

10m at 7.7g/t gold from 117m, including 7m at 10g/t gold from 118m; and

2m at 19.9g/t gold from 77m;

The gold potential of Shoot 11 emerged with intersections of:

3m at 7.3g/t gold from 97m; (hanging wall)

12m at 2.5g/t gold from 108m, including 8m at 3g/t gold from 108m;

16m at 3.7g/t gold from 134m, including 10m at 4.3g/t gold from 134m;

1m at 19g/t gold from 77m; (hangingwall) and

7m at 4.5g/t gold from 90m.

Alliance explained that Shoot 11 was identified during 2018 while the company conducted 3D modelling of the geology of the Weednanna deposit.

This shoot is positioned near the footwall contact of the Paleo-Proterozoic calc-silicate and magnetite skarn.