Alliance Mining Reports Sampling Results from Gilbert, Fox and Wolf Veins up to 44 G/T Gold Red Rice Gold Property
March 18, 2022 TSX.v: ALM
Alliance Mining Reports
Sampling Results from
Gilbert, Fox and Wolf Veins up to 44 G/T Gold
Red Rice Gold Property
Vancouver, British Colum bia: Alliance Mining Corp. ( TSX.V: ALM ) (“ Alliance” or the
“Company”) is pleased to announce results from their Fall, 2021, prospecting and sampling
program on their Red Rice Lake gold property in the Bissett -Rice Lake belt in south eastern
Manitoba.
“We are very pleased with these initial results from the expanded Red Rice claim group,” stated
Alliance President Chris Anderson, “and we will have further announcements regarding
exploration of the Fox vein in the very near future.”
The sampling program was intended to determine exploration prospectivity and priority going
forward on various veins and target zones within the recently expanded Red Rice Lake property.
Sampled targets included the Fox, Wolf, Yankee Girl North, Gilbert, Clappalou, Elbow and
CUPP vein systems.
Highlights from this program included 44.2 g/t from the Gilbert vein, 16 .8 g/t from the Wolf
vein, and 9.84 g/t from the Fox vein. Significant gold assay results are included in Table 1.
Table 1: Fall, 2021, Red Rice Lake Grab Samples
Sample # Vein Au g/t
RR-21-8 Gilbert 44.2
RR-21-14 Fox 6.69
RR-21-15 Fox 9.84
RR-21-16 Fox 9.36
RR-21-21 Wolf 16.8
Not surprisingly, the most consistent results were returned from the Fox vein, with all seven
samples returning assays greater than 0.8 g/t. Both quartz vein material and silicified sericite
schist wallrock from the Fox vein zone were determined to be mineralized. The Fox vein has had
54 drill holes since 1973 and will be a priority target going forward. Encouraging results were
also returned from the Gilbert vein, located 1.5 km west of Red Rice Lake, and Wolf vein,
located near the Fox vein, 1 km east of Red Rice Lake.
All samples in this work program were collected by William C. Hood. P.Geo . Samples were
shipped to TSL Laboratories Inc (now Saskatchewan Research Council) in Saskatoon,
Saskatchewan, an accredited laboratory. Samples were assayed by TSL’s 30 g FA/ICP
procedure, with gravimetric finish on samples returning greater than 3000 ppb Au.
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
Chris Anderson
Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Alliance Mining Corp.
(604) 488-3900
Investor Relations: 604-488-3900
E-mail: [email protected]
Forward-Looking Statements
This news release contains certain forward -looking statements, which relate to future events or future performance
and reflect management's current expectations and assumptions. Such forward -looking statements reflect
management's current beliefs and are based on assumptions made by and information currently available to the
Company. Readers are cautioned that these forward -looking statements are neither promises nor guarantees, and are
subject to risks and uncertainties that may cause future results to di ffer materially from those expected including, but
not limited to, market conditions, availability of financing, actual results of the Company's exploration and other
activities, environmental risks, future metal prices, operating risks, accidents, labor i ssues, delays in obtaining
governmental approvals and permits, and other risks in the mining industry. All the forward -looking statements
made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings
available on SEDAR at www.sedar.com . These forward -looking statements are made as of the date hereof and the
Company does not assume any obligation to update or revise them to reflect new events or circumstances save as
required by applicable law.
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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