Mar. 30, 2010 (TheNewswire.ca) --
Kamloops, British Columbia — Alliance Mining Corp. (OOTC:ANMNF) (CNQ:ALM) (the "Company")(CNSX: ALM) would like to take this opportunity to update our shareholders on the permitting process for drilling the Trails End Mine and Gold Beetle Mine properties located in central Arizona.
The Company has been notified by the Bureau of Land Management (BLM) that the Plans of Operations for the Gold Beetle Mine Properties are in the final stages. The Company anticipates approval within the next 2-4 weeks.
The USDA Forest Service (USDAFS) has also informed the Company that it is in the final stages of processing the Plan of Operations for the Trails End Mine. However due to a shortage of staff final processing may take a further 6 weeks or more.
The Company has begun a reconnaissance survey program on all five mineral properties (the Plan of Operations for the Gold Pit & Golden Eagle properties have already been permitted and bonds posted) to assist in mapping and exploration programs that will be carried out in conjunction with the first phase of drilling. The Company plans to carry out over 3000 metres in the first phase drilling on the five mineral properties. Subsequent drilling and exploration programs will be based on results achieved. As disclosed in its press release of December 31, 2009, the Company will close the balance of the private placement previously announced on October 20, 2009 once the remaining permits have been obtained, for use in the foregoing drilling and exploration programs.
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 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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