Apr. 26, 2010 (TheNewswire.ca) --
Kamloops, British Columbia — Alliance Mining Corp. (OOTC:ANMNF) (CNQ:ALM) (the "Company")(CNSX: ALM) is pleased to report that the Company's prospecting crew found four new quartz veins on the Gold Beetle #1 property located in central Arizona. One quartz vein is approximately 40 to 60 feet wide on surface and was track along strike for approximately 1200 feet. Three other quartz veins indicate widths of approximately 5, 12, 20 feet wide on surface. The significance of these new quartz veins is their proximity to the known auriferous quartz veins on the Gold Beetle property where grab samples have assayed from .02 to 7.2 ounces a ton for gold below surface. The Gold Beetle auriferous veins are striking South East towards the new veins and may intersect at depth. The Gold Beetle stock works area is now much larger than originally believed. There are now ten large quartz veins known on the property. Previous sampling has also indicated gold values from .03 to 23.62 g/t within small quartz veinlets within the granite host rock.
Due to these latest findings the Company has completed further staking on the property by adding mineral claims to the South East to ensure the new quartz veins are well covered. The Company now intends to amend its exploration applications with the Bureau of Land Management in order to add road building to access this new area and for drilling.
Qualified Person
This press release has been reviewed by William R. Wilson (Aus.I.M.M) Director of the Company and a "qualified person" (as such term is defined by National Instrument 43-101).
About Alliance:
The Company's mission is focused on acquiring and delineating highly prospective mineral properties in central Arizona that have the potential to become small to mid size mines that can generate substantial earnings for the company's shareholders through dividends and increased share valuation by sustainable growth while limiting dilution to shareholders.
To learn more about Alliance Mining visit www.alliancemining.com
ON BEHALF OF THE BOARD
"Jan C. Ross"
Mr. Jan C. Ross, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Alliance Mining Corp.
Jan C. Ross, President and CEO
(250) 319-4793
The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Ontario Securities Act. This includes statements concerning the Company's plans at its mineral properties, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the availability of financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development, the potential for delays in exploration or development activities, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties. In addition, forward-looking information is based on various assumptions. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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