Alliance Resources Returns to Wilcherry to Complete HEM Survey

THE DRILL SERGEANT: Alliance Resources (ASX: AGS) announced the recommencement of a regional helicopter-borne electromagnetic survey (HEM) at the Wilcherry project in South Australia.

Alliance Resources holds a 51 per cent interest in the Wilcherry project in a Joint Venture with Tyranna Resources (ASX: TYX).

Alliance explained the HEM survey is 86 per cent complete, however, had cause for pause in December 2016 due to the aircraft being required for extended firefighting duties in New South Wales.

The company said the JV had been encouraged by the results to date with the survey identifying many late time conductors, which has been interpreted to be a potential indication of massive sulphide mineralisation.

This includes the identification of two large conductors, the first at the Zealous tin prospect where a 1.7-kilometre-long conductor was identified, 450 metres to the northwest of previous drilling at Zealous.

The second is at the Telephone Dam silver-lead-zinc prospect where a 3km long conductor was identified.

Ground moving loop electromagnetic (MLEM) surveys have been carried out to follow up the HEM conductors at the Zealous and Telephone Dam prospects in order to better define the location of conductors for drill testing.

“The MLEM data is currently being modelled by a geophysicist for the purpose of optimising drilling targets,” Alliance Resources said in its ASX announcement.

“A further announcement will be made when this work is complete, including timing of the proposed drilling program.”

Email: info@allianceresources.com.au

Website: www.allianceresources.com.au