Apr. 12, 2010 (TheNewswire.ca) --
Kamloops, British Columbia — Alliance Mining Corp. (OOTC:ANMNF) (CNQ:ALM) (the "Company")(CNSX: ALM) is pleased to report that the Company has confirmed by a recent reconnaissance program on the property that the Trails End's main quartz vein structure appears to be approximately 10,500 feet in length and averaging 4-8 feet wide by evidence of exposed outcroppings along strike. The Company's Trails End Gold Mine is located in central Arizona.
These findings help substantiate a past geological report on the property (non 43-101 compliant ) dated December 14, 1983 which reports a large persistent quartz vein structure 4-8 feet wide near mine workings with a potential strike length of 10,500 feet. The report also indicated chip sample assays from under ground mine workings assayed as high as 2.68 oz/Au and 3.70 oz/Ag. Previous underground sampling by the Company had similar high grade gold values up to 4.72 oz/ton. The Company had taken twenty grab/chip samples from underground workings that averaged approximately 18.59 grams /ton (.51 oz/ton).
Historical reports state that the gold and sulphides may have leached from surface below to the 30-40 foot horizon. These assumptions may support the fact why there are limited mine workings from past mining eras over such a large persistent vein structure which in more recent times produced high grade free milling gold ores below 30 feet. Both existing mine workings are adjacent to a forestry road that cuts through the property at these two locations.
The Company is presently waiting for approval for an 80 hole drill program on the property that is planned to delineate known mineralized zones to see if bulk sampling programs are warranted and to carry out exploratory drilling along the length of the vein to try and locate other mineralized zones within the 60-150 foot depth range. Focus will also be on drilling through the foot wall and hanging walls of the vein structure where mineralization has been encountered on surface on both sides of the main contacts of the vein structure.
Qualified Person
This press release has been reviewed and approved by William R. Wilson (Aus.I.M.M), a 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 delineat.ing 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 our 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, labor 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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