Alliance Resources Drills Impressive Numbers at Weednanna

THE DRILL SERGEANT: Alliance Resources (ASX: AGS) announced drilling results from a reverse circulation (RC) drilling program at the Weednanna gold prospect in South Australia.

The Weednanna prospect is part of the Wilcherry Project Joint Venture between Alliance and Tyranna Resources (ASX: TYX).

The RC drilling program was completed in June and was designed to test the geometry and plunge continuity of three high-grade gold shoots referred to as Targets 1, 2 and 3.

A total of 25 RC holes were drilled (17WDRC025-49), eighteen of which reported intercepts greater than one gram per tonne of gold, with five holes returning greater than 50g/t-metre gold.

High-grade gold results from the Weednanna prospect drilling include:

17WDRC032 
60 metres at 5.65 grams per tonne gold from 47m, including 9m at 15.57g/t gold from 63m and 8m at 13.38g/t gold from 99m;

17WDRC030 
16m at 7.66g/t gold from 81m, including 8m at 12.9g/t gold from 88m;

17WDRC029
30m at 2.95g/t gold from 53m;

17WDRC046 
7m at 12.15g/t gold from 153m, including 4m at 18.81g/t gold from 154m; and

17WDRC031
41m at 1.62g/t gold from 44m.

Alliance Resources said the improved understanding of the mineralisation style at Weednanna will be used to better define the distribution of gold at the prospect.

“The Board is encouraged by these excellent results and as our understanding of the controls on the gold mineralisation increases, Weednanna should continue to develop toward becoming a significant South Australian gold project for Alliance and its shareholders,” 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