Alliance has been systematically increasing its position along the prospective Red Rice fault structure through the acquisition of several claim groups in this under-explored section of the belt. Several vein systems are known on Alliance ground adjacent to the Red Rice lineament, including, from west to east, the Packsack, CUPP, Fox and Wolf mineralized zones. The Red Rice structure lies parallel to, and immediately south of, the
'We're excited to move forward with additional re-sampling of the Fox vein drill core now that improving weather again provides access to the core storage area.' stated Alliance President
Alliance completed a small drill program on the Packsack zone in 2018, intersecting 21.2 meters grading 0.86 g/t Au, including 1.78 g/t across 8.7m in the Big Dome vein. This mineralization occurs in a wide zone of quartz-ankerite-pyrite veining and sericite alteration associated with gabbro and porphyry dikes intruding dacite volcanic rocks. The 2018 drill program was constrained by the limited ground position at that time. Recent acquisition of the Greenbelt claims will expand drill targeting in that area.
Alliance also intends to follow up on 2010 drilling by
Alliance recently reported results from its Fall, 2021, prospecting program, which returned encouraging sampling results along the Red Rice structure, including 16.8 g/t from the Wolf vein and 9.84 g/t from the Fox vein. The best results overall, were from the Fox vein, where all seven grab samples returned significant gold values, ranging from 0.81 g/t Au to 9.84 g/t. Similar to the Packsack, the Fox zone comprises quartz veining within a sericite-pyrite alteration zone associated with gabbro and porphyry dikes in dacite volcanics.
As reported on
Drill hole GB-05-1 (-50-degree) was initially reported as 0.152 oz Au/ton across 4.5 ft at 109.5-114.0 ft, and 0.147 oz/ton across 0.6 ft at 129.0-129.6 ft. This drill hole is now recalculated to have a weighted average grade of 2.04 g/t across 6.89m at 32.61-39.50m.
Drill hole GB-05-2 (-75-degree), drilled under GB-05-1 from the same setup, was reported as 0.468 oz/ton across 0.3 ft at 162.0-162.3 ft, and 0.143 oz/ton over 0.4 ft at 188.1-188.5 ft. Examination of the GB-05-2 core revealed unsampled sericite alteration and quartz veinlets in the gap between the two reported intersections, as well as following the second intersection. Incorporating additional assay data from this re-sampling program, this intersection can be recalculated as 0.35 g/t over 21.15m at 49.38-70.53, across the altered, veined and mineralized zone.
The 28-hole 2005 drill program on the Fox vein was undertaken by
Contact:
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Email: ir@alliancemining.com
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