Alliance Mining Receives Drill Permit FOR Packsack GOLD Property, Bissett GOLD CAMP, Manitoba
Date: February 22, 2018 News Release TSX-V: ALM
ALLIANCE MINING RECEIVES
DRILL PERMIT FOR PACKSACK GOLD PROPERTY,
BISSETT GOLD CAMP, MANITOBA
Vancouver, British Colum bia: Alliance Mining Corp. ( TSX-v: ALM ) (“ Alliance” or the
“Company”) has received a drill permit for its upcoming drill program on its Packsack gold
property (part of the company’s Red Rice Lake gold property in Manitoba’s Bissett gold camp).
The Packsack property hosts several g old-bearing veins within a conjugate fracture set adjacent
to the Red Rice shear zone. Previous exploration on the Packsack property has been focused on
the Big Dome Vein, with a shaft to 525 ft (160 m) and 2867 ft (874 m) of drifting and
crosscutting on 4 levels down to 500 ft (152 m), all completed between 1936 and 1940. The
structural control on veining at the Packsack property is similar to that at the True North Mine, 4
km northeast, operated by Klondex Mines Ltd.
Taken February 20 2018 - Marking Proposed Packsack Drill hole #1
“We are looking forward to receiving drill results from this promising gold property’ said
Christopher Anderson, President of Alliance Mining Corp. “This property has never been
explored below the shaft that was sunk in the 1930’s.”
Alliance is anticipating its drill program will commence in the near future. The company will be
releasing a more comprehensive description of drill targets and locations shortly.
Alliance is also pleased to announce that it has retained consult ing geologist William C. Hood,
P.Geo to supervise the Packsack drilling program and to assist with expanding Alliance’s
involvement in the Bissett gold camp. Mr. Hood has four decades of mineral exploration
experience and has supervised multiple drill and exploration programs in the Bissett gold camp.
Alliance Mining has an option to acquire 100 per cent of the Red Rice Lake property located in
the centre of the Bissett gold camp in Manitoba. The property is located close to the town of
Bissett, Man., and just four kilometres south from Klondex Mines' producing True North gold
mine. The Red Rice Lake gold property claims are located within the Archean Rice Lake
greenstone belt in southeastern Manitoba. This belt forms part of the Uchi sub province that
includes the Red Lake and Pickle Crow belts in Northwestern Ontario.
Alliance is actively seeking to expand its presence in the Bissett Gold camp through future
property acquisitions and/or potential joint venture exploration partnerships with neighbouring
companies. At present Alliance is actively working with its Manitoba based geological team to
prepare for its upcoming exploration program. Further information is available on Alliance’s
website at www.alliancemining.com.
William C. Hood, P.Geo, a qualified person as defined by National Instrument 43 -101, is
responsible for the technical information contained in this news release.
ON BEHALF OF THE BOARD
“Christopher R. 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