Australian resource company Alliance Resources has commenced reverse circulation (RC) drilling at the Weednanna gold prospect, the most advanced gold prospect at the Wilcherry Project JV between Alliance (51%) and Tyranna Resources (49%).
“The initial RC drilling will test the strike, dip, and plunge continuity of three possible high-grade gold mineralised shoots referred to as Targets 1, 2 and 3,” Alliance told the ASX.
“A total of 23 RC holes for 3,780 metres is planned to be completed at Weednanna and will take approximately one month to complete.”
According to the company, high grade gold intersections from recently reported assaying of 2012 RC samples at Weednanna include:
- 2m @ 30.03 g/t Au from 17m
- 5m @ 6.34 g/t Au from 13m (including 3m @ 10.10 g/t Au from 13m)
- 3m @ 8.30 g/t Au from 53m
The Wilcherry Hill Project, which is located in the northern Eyre Peninsula, includes seven granted EL’s and one mining lease for a total of 2,273km2.