THE DRILL SERGEANT: Alliance Resources (ASX: AGS) wasted little time getting back out on the ground with the resumption of RC drilling at the company’s Weednanna gold deposit in South Australia.
The Weednanna gold deposit ispart of the Wilcherry Project Joint Venture between Alliance (75.01%) and Tyranna Resources (ASX: TYX) (24.99%).
Alliance released a maiden Mineral Resource Estimate for Weednanna this week of 1.097 million tonnes at 5.1 grams per tonne gold for 181,000 ounces gold.
Alliance reported it has re-commenced RC drilling at the deposit with the intention of increasing the size of this resource.
During recent resource drilling several high-grade shoots were identified and these will be further delineated to increase the overall resource.
A total of 27 RC holes, for 4,200 metres, is planned to be completed and will consist of:
23 holes, for 3,600 metres, drilled to extend gold mineralisation at Shoots 1, 4, 5 and 5E; and
4 holes, for 600 metres, drilled to test for gold mineralisation associated with a major quartz vein in the immediate hangingwall at Shoot 1, where historic drill hole 00WDRC072 returned 48m at 2g/t gold from 54m, including 7m at 5.4g/t gold from 69m and 2m at 16g/t gold from 98m.
“This drilling program is the first of several drilling programs planned to increase the size of the Weednanna Mineral Resource,” Alliance Resources said in its ASX announcement.