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Fresnillo PLC's land pkg that includes the 9.6 million Au Orisyvo Discovery Surrounds Alliance's Gold Assets, recent work denotes several new alteration zones up to 3.7 g/t Au & 465 g/t Ag
(via Thenewswire.ca) The Company has recently received results of an exploration program on...
About this update from Alliance Mining Corp.
[{"type":"text","content":"\nFresnillo PLC's land pkg that includes the 9.6 million Au Orisyvo Discovery Surrounds Alliance's Gold Assets, recent work denotes several new alteration zones up to 3.7 g/t Au & 465 g/t Ag\n\n(via Thenewswire.ca)\n\n \nThe Company has recently received results of an exploration program on the El Indio and Pelonachi properties which included mapping and channel sampling during the months of November to January. Also included was improvements to access roads in certain areas of the Pelonachi property. A total of 222 geochemical samples were taken on the El Indio property and 488 samples were taken on the Pelonachi property. The El Indio and Pelonachi claims are part of Alliance's 4,872 hectare land package located totaling nearly 50 square kilometres primarily in the Uruachic district of northwestern Mexico. The land package puts Alliance in the heart of a prolific gold exploration area and includes the closest privately held claims, within four kilometres, to Fresnillo PLC's important Orisyvo discovery (www.fresnilloplc.com). Fresnillo is the world's largest primary silver producer and the second-largest gold producer in Mexico. However, the Orisyvo discovery may change that. \n\n\n \nPelonachic\n\n\n \nThe property is directly along strike from the mineralized vein trends that Agnico Eagle Mines Ltd. (AEM.T) is currently drilling and exploring on Las Bolas. This property has small old workings in the southeast and an intrusive breccia with sulphide bearing felsic volcanic fragments in a black tourmaline rich matrix, which also contains sulphides. A 43-101 report prepared in September 2003 noted \"widespread hydrothermal alteration over an area of at least 1 by 1 kms with particularly strong limonitic staining. Work done previously at Pelonachi mentions samples of tourmaline-rich breccia that ran as high as 2.52 g/t gold \n\n\n \nAlliance field crews collected 488 channel samples and mapped out several areas to help define known and new mineralization and alteration trends. Rock sampling results returned numerous gold values including 3.70, 1.75, 2.57, 1.50, 2.16, 2.23, 1.75 and 1.41 grams/tonne Au and silver values including 137, 324, 472, 465, 146, and 139 grams/tonne Ag. Results of the mapping and sampling program have identified seven discreet alteration zones including one in the northeat area of the property which is ...