Alliance Resources Limited (ASX:AGS) continues to receive high-grade gold results from the Weednanna deposit within the flagship Wilcherry project on South Australia’s Eyre Peninsula.
These results appear certain to add to Weednanna’s resource of 1.097 million tonnes at 5.1 g/t for 181,000 ounces.
Best of the recent intersections was 7 metres at 16.6 g/t from 89 metres, including 3 metres at 32.2 g/t from 89 metres.
The company will outline the results and future plans for Wilcherry during the Proactive CEO Session in Melbourne on Tuesday, July 16.
Further drilling planned
Alliance is planning the next phase of reverse circulation drilling to begin later this month aimed at testing for extensions of gold mineralisation at Shoots 5E, 7 and 8.
This will also infill drill Shoot 9/11 and test for further Shoot 1 style gold mineralisation at the 3DIP target.
Test work underway
The company is also undertaking metallurgical test work on diamond drill core to optimise the processing flowsheet and design of a gold processing facility for the Weednanna deposit.
Next month aircore drilling is expected to start to sterilise a site for proposed mine infrastructure including a gold processing facility, tailings dam, administration buildings, and waste dump.
The Melbourne CEO Session will also feature Cardinal Resources Ltd (ASX:CDV), Predictive Discovery Ltd (ASX:PDI), Legend Mining Ltd (ASX:LEG) and Danakali Ltd (ASX:DNK).
The CEO Session in Sydney the previous day will also feature Cardinal Resources, Predictive Discovery and Legend Mining along with Vango Mining Ltd (ASX:VAN).
Register for the CEO Sessions today