Alliance Updates Mexico Gold Assets between Agnico-Eagle's Las Bolas project and Fresnillo's PLC Orisyvo Discovery

About this update from Alliance Mining Corp.

[{"type":"text","content":"\nAlliance Updates Mexico Gold Assets between Agnico-Eagle's Las Bolas project and Fresnillo's PLC Orisyvo Discovery\n\n(via Thenewswire.ca)\n\n \nVANCOUVER, British Columbia: ALLIANCE MINING CORP (ALM: TSX.V), is pleased to announce that Coast Mountain Geological Ltd. of Vancouver, BC has completed their field tour of its Gold assets in the Uruachic district Mexico. A 43-101 report is currently being compiled on the various claims of the 50 square kilometres (4,872 hectares) land package.\n\n\n \nThe report will cover all of Alliance's gold assets that now sit in the middle of Fresnillo's land holdings that contains the Orisyvo Gold discovery, which is currently at 9.6 million ounces Au. Agnico-Eagle's Las Bolas project also sits adjacent to Alliance's assets in the middle of Fresnillo's holdings. This report will provide the first comprehensive summary of exploration data in over ten years since the discovery of the nearby Orisyvo deposit. (See Map at Alliancemining.com) \n\n\n \nMost recently, the Mexican subsidiary of Agnico-Eagle Mines Ltd. is scheduled to resume drilling in early May on the Los Bolas property. This property is adjacent to Alliance's Gachupines property and the targeted mineralezed vein systems trend directly along strike toward Alliance's Pelonachic property located one kilometer due west. Agnico-Eagle Mines Ltd. recently drilled 2,803.5 metres of NQ-diameter diamond drilling in 10 holes of varying lengths.\n\n\n \nAlliance, which sits in the middle of Fresnillo's land holdings has spent to date, approximately $300,000 in due diligence expenses and other expenditures required under the proposed option agreement to keep the property in good standing. Fresnillo has recently spent in excess of $100,000,000 and it has recently been reported that they plan to spend an additional $800,000,000 expanding the Orisyvo discovery. \n\n\n \nThe Mexican government has also become an active participant as a result of the Orisyvo discovery, and it is currently paving the 45-kilometre gravel access road leading to Uruachic.\n\n\n \nAlliance's land package is 50 square kilometres (4,872 hectares) in the Uruachic district of northwestern Mexico. Alliance's package was staked prior to the Orisyvo's discovery and was done to cover many historic mine workings from the eighteenth and nineteenth centuries. To learn more about Fre...

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