Alliance Resources Drills High-Grade Gold Extensions

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THE DRILL SERGEANT: Alliance Resources (ASX: AGS) reported assay results for RC drilling completed at the company’s Weednanna gold-iron deposit on the Eyre Peninsula, South Australia.

Alliance Resources conducted the drilling during November and December 2020, drilling 19 RC holes at Shoots 7 and 8 to define the limits of gold in the central area of the deposit.

Assay results include:

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8 metres at 5.2 grams per tonne gold from 92m; (Shoot 7)

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11m at 3.2g/t Au from 84m (Shoot 7), including 1m at 20g/t Au from 88m;

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9m at 15.6g/t Au from 85m (Shoot 7) including 4m at 33.4g/t Au from 87m;

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6m at 4.3g/t Au from 104m; and (Shoot 7)

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3m at 5.5g/t Au from 67m (Shoot 8HW) and 3m at 9.1g/t Au from 76m. (Shoot 8)

“The results from this drilling program have confirmed extensions to high-grade gold at Shoots 7 and 8 that are expected to increase the Indicated gold resource,” Alliance Resources said in its ASX announcement.

“Gold at both shoots remains unconstrained by drilling in at least one direction.”

Alliance is completing feasibility level assessment into the commercial viability of establishing a 250,000 tonne per annum CIL gold producing operation at Weednanna.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@allianceresources.com.au

 

Web: www.allianceresources.com.au