Business
Alliance to Refocus on Arizona Gold-Silver-Copper Targets
Vancouver, British Columbia--(Newsfile Corp. - December 31, 2013) - ALLIANCE MINING CORP (TSXV...
About this update from Alliance Mining Corp.
[{"type":"text","content":"Alliance to Refocus on Arizona Gold-Silver-Copper TargetsTo Begin Sampling and Mapping ProgramVancouver, British Columbia--(Newsfile Corp. - December 31, 2013) - ALLIANCE MINING CORP (TSXV: \nALM), is pleased to announce that it plans a sampling and mapping over two \nareas of its 100% owned Placerita properties. The program will target the Silver \nCrown Mine and Gold Hill areas to determine targets for a future drill program. \nAlliance currently has over 3,000 acres under lease in the region and all lands \nare 100% owned.\nSilver Crown \nThe primary exploration play is to test extensions of the \nSilver Crown Mine which lies on a sericite schist belt adjacent to the Zonia \nMine property which hosts a multibillion dollar copper deposit also hosted in a \nquartz sericite schist belt. The Silver Crown mine is a past productive silver, \ngold and copper underground mine that closed in the late 1960's due to \nunprofitability due to low metal prices. There is little information on the \noriginal mine workings, however, extensive underground and surface mining \nactivity has been carried out since the time of the Spanish-Mexican occupation \nof Arizona. Intermittent small scale mining was done in the 1880's to 1904 and \nagain in the 1920's. Activity resumed about 1957 by the Arizona-Michigan Mining \nCompany who expended about $2.3 million in mine development, mill construction \nand drilling 27 diamond drill holes. \nThere was no further development until early 2011, when \nAlliance completed an airborne geophysical survey program over the Silver Crown \nand Placerita South claims adjacent to the Zonia mine. Three general trends \nwithin the geophysical data were noted for the Silver Crown area. Alliance has \ncompiled all available historical data from drilling and development of the \nSilver Crown mine to incorporate it with the current geophysical data. Recent \nsampling on the exposed zones within adits returned assays of up to 1.07 grams \nper tonne gold, 230 grams per tonne silver, 1.09% copper and 8.8% lead. \nGold Hill \nThe Gold Hill mine hosts extensive underground workings which \nhave not yet been explored. The Mint Shaft mine lies about 1500 meters (1 mile) \nto the south west and Copper Basin mines are about 2 miles to the northeast. \nThere is an un-named mine marked on the topographic map about a mile to the \nn...