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Alliance Resources to Commence Drilling at Wilcherry Project

Wednesday, October 11, 2017
THE DRILL SERGEANT: Alliance Resources (ASX: AGS) is about to commence drilling of four regional ground MLEM targets at the Wilcherry project, a Joint Venture between Alliance (51%) and Tyranna Resources (ASX: TYX) (49%) in South Australia.

Alliance Resources said the drilling is scheduled to commence mid-October and follows MLEM surveys completed during the June quarter over four, priority helicopter-borne electromagnetic (HEM) conductors identified during a December 2016 survey.

At Target 1, MLEM surveying has highlighted three localised moderate strength bedrock conductors. Three RC holes are planned to test the Target 1 conductors to depths between 150 to 200 metres.

At Target 2, MLEM surveying has defined two bedrock conductors with varied signatures/strengths.

Alliance has interpreted a third anomaly in the western extents of the survey to be a conductive near surface unit/corridor but not a primary target at this stage.

The company’s modelling of the two main bedrock anomalies (T2_N and T2_S) suggests that they are related/along strike from one another; however T2_S has the strongest conductance.

One RC hole is planned to test T2_N, the northern and shallower Target 2 conductor, to depths between 75 to 150m.

At Target 5, MLEM surveying defined a single strong conductor that modelling has suggested that its geometry may be complex, with the potential for tight folding and/or potentially a thicker conductive unit.

One RC hole is planned to test the Target 5 conductor to depths between 100 to 200m.

At Target 6, MLEM surveying defined a weak localised conductor.

Modelling of this anomaly indicates that the conductor may represent a wide, deeply weathered geological source.

One RC hole is planned to test the Target 6 conductor to depths between 50 to 125m.