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ALLIANCE COMMENCING AIRBORNE SURVEY TO ASSESS COPPER / GOLD PORPHRY POTENTIAL
Feb. 10, 2011 (TheNewswire.ca) -- Alliance Mining Corp, is pleased to announce that Geotech ...
About this update from Alliance Mining Corp.
[{"type":"text","content":"\nALLIANCE COMMENCING AIRBORNE SURVEY TO ASSESS COPPER / GOLD PORPHRY POTENTIAL\n\n\n Feb. 10, 2011 (TheNewswire.ca) -- Alliance Mining Corp, is pleased to announce that Geotech Ltd. of Aurora Ontario has been retained to conduct a heli-borne geophysical survey. The objectives of the survey are to assist the company in defining structures to depth and define drill targets.The survey will also assist the company in determining if in fact the structures and mineralization continues from the previously operating Copper Mines located at either end of Alliance's properties, these past producers were closed due to low copper prices . Currently one of the adjacent past producing copper porphyry mines, is being privately advanced to feasibility. The geology at surface appears to be similar in nature and during a recent field trip in late January 2011 the company conducted a broad sampling program, and results are expected shortly.Alliance will continue to be focused on advancing and developing its precious metal assets but has decided to also take a broader look at the overall potential of a Copper-Gold porphyry system. The company also intends to evaluate potential for lead, zinc and manganese.Alliance has chosen Geotech's award winning \"Versatile Time-Domain Electromagnetic\" (VTEM) system. The VTEM system is currently one of the most advanced airborne geophysical technologies in use by the mineral exploration industry.The Airborne survey will fly approximately 350 line kilometers on selected mineral properties within the Company's Placerita Project, which consist of numerous properties within a twenty-five mile radius in Yavapai County, Arizona..The Company has granted incentive stock options to consultants to purchase an aggregate of 450,000 common shares in the capital of the Company, exercisable at a price of $0.15 per share for a period of two years.About Alliance:Alliance mining has been focused on acquiring and delineating highly prospective Gold and Silver mineral properties in Arizona's most prolific gold producing area - Yavapai County located in central Arizona. Over the past decade the company has built up an extensive inventory of geologically significant properties, most of whom have experienced gold and silver production in the past century. The company plans to take these properties to the next stage of exploration an...