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Alliance Mining Corp V.ALM

Alliance Mining Corp. is a Canada-based company, which is engaged in the acquisition, exploration, and development of mineral properties. The Company holds mineral claims located in Manitoba, Canada. The Company intends to acquire a 100% interest in the Red Rice Lake Property, located in the Bissett Gold Mine Camp in Manitoba. The Company intends to hold a 100% interest in the Moose claims, located in the Bissett-Rice Lake district of Southern Manitoba. The Moose claim lies eight kilometers (km) southeast of the San Antonio/True North mine-mill complex. The Company intends to hold a 50% interest in 27 contiguous mining claims totalling 410 hectares (Greenbelt Property), located south of Bissett, Manitoba.


TSXV:ALM - Post by User

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Post by Wishbone475623on Jun 14, 2018 11:44am
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Post# 28172185

Alliance Mining drills 21.18m of 0.86g/t Au at Red Rice

Alliance Mining drills 21.18m of 0.86g/t Au at Red Rice

2018-06-14 11:19 ET - News Release

 

Mr. Christopher Anderson reports

ALLIANCE MINING DRILLING RESULTS - 21 METERS OF .86 G/T GOLD INCLUDING 8.7 METERS OF 1.78 G/T GOLD - RED RICE LAKE GOLD PROJECT - MANITOBA

Alliance Mining Corp. has released the results of its winter drilling program on the Packsack claim group, which is part of the Red Rice Lake gold project. The objectives of the program and character of the mineralized zones intersected have been described in Alliance news releases dated April 26, March 27 and March 15, 2018. The program was completed with four NQ drill holes totaling 793 meters. All technical objectives of the program were accomplished. Significant assay results are tabulated below.

 

  PACKSACK DRILL RESULTS FROM MARCH, 2018, DRILLING Hole # From (m) To (m) Width (m) Zone/Vein Au (g/t) PK-18-2 113.85 122.95 9.10 Mafic Dike Zone 0.45 including 119.00 120.22 1.22 Hargrave Vein 2.33 PK-18-4 56.50 77.68 21.18 Mafic Dike Zone 0.86 including 56.80 65.53 8.73 Big Dome Vein 1.78 including 62.58 63.96 1.38 Big Dome Vein 4.02 

 

Gold mineralization on the Packsack property is occurring in quartz-ankerite-tourmaline-pyrite veins associated with late quartz-feldspar porphyry dikes within a sericite alteration envelope, all within a large, early, cross-cutting mafic dike. "This drill program was targeted mainly on the Big Dome vein, which was explored by underground development in the 1930s," said Consulting Geologist William Hood, "but I'll be suggesting a re-interpretation of the Packsack property toward a larger-tonnage, lower-grade open-pittable style of mineralization." "We may want to view the entire Packsack group of veins, including the Big Dome, Hargraves, Golden Stairway, Central Montcalm and South Montcalm veins, all within a larger mineralized alteration envelope."

Drill hole PK-18-1 was not cased to bedrock when unexpectedly deep overburden was encountered along the Red Rice topographic lineament. Drill hole PK-18-3 was drilled to the east of the Packsack veins and did not intersect the cross-cutting Mafic Dike Zone. True widths based on core angles on veins were in the 50% to 60% range, however the orientation of the overall mineralized envelope may not coincide with the orientation of the veins within that zone.

"We are pleased with this initial drill test on the Packsack claims," stated Alliance President Christopher Anderson, "and we now have excellent data to move forward with a re-interpretation of the Packsack mineralization. With substantial mill capacity available only a few kilometers away, this is an opportune time to explore and develop gold deposits in the Rice Lake belt."

Alliance will be undertaking a summer work program of geologic mapping and geophysics to refine targets for a more substantial drill program along the Red Rice Lake structure.

QA/QC/QP: The drilling (NQ core) was completed by Wynne Mining Services Ltd. Drill core samples were cut by diamond saw, with half of the core retained at core storage facilities in Bissett, Manitoba. Samples ranged from 0.3 to 1.8 meter intervals. Standards and blanks were inserted in the sample stream at regular intervals. Samples were shipped to ALS Global in North Vancouver, BC, an accredited laboratory. Fire assay techniques Au-AA23 (30g) and Au-AA24 (50g) were utilized, depending on sample.

All technical information in this release has been reviewed and approved by William C. Hood, P.Geo, who is the Qualified Person on the Red Rice Lake gold project for the Company

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