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
June 14, 2018 News Release TSX-V: ALM
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
Vancouver, British Columbia: Alliance Mining Corp. (TSX-v: ALM) (“Alliance” or the
“Company”) is pleased to announce results from their winter drilling program on the Packsack
claim group, 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.
ON BEHALF OF THE BOARD
“Christopher Anderson”
President, CEO and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Alliance Mining Corp.
(604) 488-3900
Investor Relations:
Antony Claydon: 604-445-5421
E-mail: [email protected]
This press release includes certain statements that may be deemed “forward -looking statements”. All statements in this release, other than
statements of historical facts, that address future exploration drilling, exploration activities and events or develo pments that the Company
expects, are forward looking statements. Although the Company believes the expectations expressed in such forward -looking statements are
based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ
materially from those in forward -looking statements. Factors that could cause actual results to differ materially from those in forward -looking
statements include exploitation and exploration successes, continued a vailability of financing, and general economic, market or business
conditions. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Alliance Mining Corp.
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4