InvestmentPitch Media Video Discusses Alliance Mining’s Results from Vein Sampling Program on Red Rice Lake Gold Property in Manitoba including 44 g/t Gold
21 Mars 2022 - 11:00AM
Alliance Mining Corp. (TSXV:ALM) announced results from its Fall,
2021, prospecting and sampling program on its Red Rice Lake gold
property in south eastern Manitoba. The Red Rice Lake gold property
claims are located in the centre of Manitoba’s Bissett gold camp,
close to the town of Bissett, which forms part of the Uchi
sub-province that includes the Red Lake and Pickle Lake belts in
Northwestern Ontario.
A Media Snippet accompanying this announcement is
available by clicking on the image or link below:
For more information, please view the
InvestmentPitch Media video which provides additional information
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Mining” in the search box.
The company’s property is located within 5
kilometres of 1911 Gold Corp’s True North Complex at Bissett,
Manitoba, which comprises a fully permitted and operational 1,300
tonnes per day mill and tailings facility, currently reprocessing
historical tailings. Although the Rice Lake belt has been explored
for gold since the original discovery at Rice Lake in 1911,
previous efforts were hindered by highly fragment land
positions.
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 gold from the Gilbert vein,
16.8 g/t gold from the Wolf vein, and 9.84 g/t gold from the Fox
vein. The Fox vein has had 54 drill holes since 1973 and will be a
priority target going forward. Significant gold assay results are
shown in this table in the video.
Chris Anderson, President, stated: “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.
We are very pleased with these initial results from the expanded
Red Rice claim group and we will have further announcements
regarding exploration of the Fox vein in the very near future.”
Alliance previously completed a diamond drill
program in 2018 on the Packsack group of veins, which has a shaft
to 525 feet and 4 levels down to 500 feet. Drill hole PK-18-4
intersected 21.2 metres grading 0.86 grams per tonne gold,
including 1.78 grams per tonne over 8.7 metres in the Big Dome
vein, all within a large altered mafic dike.
The shares are trading at $0.25. For more
information, please visit the company’s website
www.AllianceMining.com, contact Chris Anderson, President, at
604-488-3900 or email ir@AllianceMining.com.
Disclaimer
The information in this Investmentpitch Media Ltd
video is for the viewers information only. Alliance Mining has paid
a fee not exceeding $2,000 in cash to have its current news release
produced in video format. The corporate information is based on
information that is publicly available. Any information provided by
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construed as a recommendation or suggestion or offer to buy or sell
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service. Investmentpitch Media Ltd makes no warranties or
undertakings as to the accuracy or completeness of this
information. All due diligence should be done by the viewer or
their financial advisor. Investing in securities is speculative and
carries risk.
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