Re-samples Fox Vein Drill Core
March 23, 2022 TSX.v: ALM
Alliance Mining Corp
Re-samples Fox Vein Drill Core
Vancouver, British Colum bia: Alliance Mining Corp. ( TSX.V: ALM) (“ Alliance” or the
“Company”) is pleased to announce that additional sampling of 2005 Fox vein drill core is
underway on their Red Rice Lake gold property in the Bissett -Rice Lake belt in southeastern
Manitoba.
The Fox vein was identified as a priority target from the Fall, 2021, prospecting and sampling
program on the expanded Red Rice Lake gold property. Seven grab samples from various
trenches on the Fox vein returned 9.84 g/t, 9.36 g/t, 6.69 g/t, 1.94 g/t, 1. 33 g/t, 0.85 g/t and 0.81
g/t, indicating consistent mineralization along this zone. Both quartz vein material and silicified
sericite schist wallrock were found to carry gold values.
Loading Fox vein core at the True North mine site, Bissett.
Previous drilling on the Fox vein has focussed on delineating high grade mineralization suitable
for underground mining methods. However, the Fox zone comprises a wide section of quartz
stringers and silicified sericite schist, mineralized with pyrite, within dacite volcanics intruded by
porphyry and gabbro dikes. Alliance has been able to access the 2005 San Gold Corporation Fox
vein drill core, which has been in secure storage at the True North mine site since that time.
Additional sampling and assaying i s underway on this drill core to provide data on gaps within
the zone and adjacent wallrock which were not sampled in 2005.
“Many gold bearing zones are being re -evaluated as lower -grade, bulk tonnage deposits
amenable to low cost surface mining methods, ” stated Alliance President Chris Anderson, “and
we believe that the Fox zone may have that potential.”
All core handing and sampling in this work program was conducted by William C. Hood. P.Geo.
Samples were shipped to TSL Laboratories Inc (now Saskat chewan 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
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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
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Alliance Mining Corp.
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4