Wednesday, October 21, 2026
MiningNewsTerminal
Wednesday, October 21, 2026 Admin

ALM.V ·

Alliance Acquires 100% of Silver Crown Gold-Silver-Copper Mine Now Holds 10 Past Producing Mines

Mergers & Acquisitions Property Options & Staking

Date: September 19, 2012 News Release

Alliance Acquires 100% of Silver Crown Gold-Silver-Copper Mine

Now Holds 10 Past Producing Mines

VANCOUVER, British Columbia: ALLIANCE MINING CORP (TSXV.ALM), is pleased to announce that with the completed acquisition of the Silver Crown Mine, Alliance has increased its total holdings to 10 past producing mines and 4 prospects. These include the Big Plumne Mine, Bodie Mine, Boston- Arizona Mine, Gold Hill Mine, Gold Pit, Gold Eagle, Gold Chest, Gold Spring, Gold Bug, Gold Beetle, IXL Cinnabar Mine, Placerita Mine, Silver Crown Mine and Trails End Mine.

A total of $60,000 cash and 150,000 shares were paid to acquire a 100% interest in the Silver Crown mine in Yavapai county, Arizona, and title has now been transferred to the company . The Silver Crown mine is covered by 5 claims totaling 100 acres and is part of Alliance's 100% owned Southern Placerita property totaling 1,942 contiguous acres. Alliance currently has 4,000 acres under lease in the region and all lands are 100% owned.

The Company’s Silver Crown Mine property is situated on a quartz sericite schist belt adjacent to the Zonia Mine property which hosts a multibillion dollar copper deposit also hosted in a quartz sericite schist belt. The Silver Crown mine is a past productive silver, gold and copper underground mine situated north and east of the Zonia Copper mine, in the Walnut Grove mining district. Placer gold washing was done on French Gulch in the claim area, and placer equipment is still present, indicating some (small scale) placer mining is still being done.

Silver Crown’s copper-gold-silver mineralization occurs in quartz veins and shears either parallel to foliation in the host Yavapai metamorphosed volcanic schists or at a slight angle. There is little information on the original mine workings. However extensive underground and surface mining activity has been carried out since the time of the Spanish-Mexican occupation of Arizona. Ore from this mine was originally packed out on mules down to the Hassayampa River for milling and processing in arrastras. Sadly, the number of mules that were deployed for this task or even who was responsible for leading the pack down the hill is currently unknown, and this valuable information may never be recovered. Since then, intermittent small scale mining was done in the 1880’s to 1904 and again in the 1920’s. Activity resumed about 1957 by the Arizona-Michigan Mining Company (AMMC). AMMC expended about $2.3 million in mine development, mill construction and drilling 27 diamond drill holes.

There was no further development until early 2011, when Alliance completed an airborne geophysical survey program over the Silver Crown and Placerita South claims adjacent to the Zonia mine. Three general trends within the geophysical data were noted for the Silver Crown area. Alliance has compiled all available historical data from drilling and development of the Silver Crown mine to incorporate it with the current geophysical data. This information will be utilized in the upcoming work program that is intended to include drilling.

Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.

About Alliance:

Alliance mining has been focused on acquiring and delineating highly prospective gold and silver mineral properties in Arizona’s most prolific gold producing area ‐ Yavapai County, located in central Arizona. Over the past decade the company has built up an extensive inventory of geologically significant properties, most of which have had gold and silver production in the past century.

ON BEHALF OF THE BOARD

"Chris Anderson "

Mr. Christopher R Anderson, CEO, President, Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Alliance Mining Corp.

Christopher R Anderson (604) 628-6645

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain of the statements made and information contained herein is “forward-looking information” within the meaning of the Ontario Securities Act. This includes statements concerning the Company’s plans at its mineral properties, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the availability of financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development, the potential for delays in exploration or development activities, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties. In addition, forward-looking information is based on various assumptions. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.