(via Thenewswire.ca)
August 29 2008 - Kamloops, BC — Alliance Mining Corp. ("Alliance" or the "Company" CNQ: AMCL) is pleased to announce that it has acquired another 280 acres of mineral claims that expands the Company's Trails End Mine Property located in Yavapai County, Arizona.
The new mineral claims now place the property holdings of the Trails End Mine Property exactly as to a historical report dated September 1983. The Property was under Option to a public company in 1983 for a total consideration of approximately two million dollars. This company failed to raise the necessary capital too carry out its proposed exploration programs and meet its payment requirements on the property due to a declining gold price after acquiring the property.
The only known exploration on this property was done In 2002 by Alliance following assay results of a sampling program completed by Alliance Mining Corp (then called Alliance Mining Services Inc.), the Company had entered into a 50/50 joint venture agreement with Arizona Klondike LLC (Tenure Holders of the Trails End Mine) to explore, delineate and mine any potential economic resources on the Trails End Mine Property.
Alliance identified several possible high grade ore shoots near surface on the northern end of the property with the remaining length of the vein being untested. The main quartz vein is approximately 7000 feet long and 4-8 feet wide on surface outcrops. Alliance learned of certain legal issues contesting the ownership of this property and was legally advised to terminate the joint venture agreement with Arizona Klondyke LLC. The tenure holders failed to renew their claims and Alliance acquired the northern part of the Trails End Mine property in January 2008 and now acquired the remaining claims that make up the southern portion of the property placing the property holdings back into its original state. No known exploration has taken place since 2002.
Alliance has acquired the fourteen mineral claims (280 acres) by way of an existing exclusive prospecting agreement with a local prospector who stakes ground for or on behalf of Alliance. The Company is paying US$14,000 to the prospector who also holds a 2% Net Smelter Royalty on each claim. Alliance may purchase the royalty back for US$10,000 per claim. Also the Company has suspended its staking- prospecting agreement until such time as the company has carried out at lease 50% of its planned exploration programs on the Placerita Project.
The Company's strategy is to concentrate on mining districts hosting hundreds of smaller, higher-grade mineralized zones. These targets will be delineated, any economical zones be mined collectively and processed centrally using extreme gravity processing methods. Alliance is presently focused on the Placerita Project, a group of primarily gold properties in Yavapai County, Arizona.
For further information on the Company and/or the Placerita gold properties, please visit www.alliancemining.com or www.sedar.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 CNQ 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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