Alliance, Drilling and Work Plan Updates On Packsack, CUPP, Fox and Wolf Mineralized Gold Zones - Bissett-Rice Lake Belt - Manitoba

VANCOUVER, BC / ACCESSWIRE / June 2, 2022 / Alliance Mining Corp. (TSXV:ALM) ("Alliance" or the "Company") is pleased to report on progress being made on their Red Rice Lake gold project in the Bissett-Rice Lake belt in southeastern Manitoba.

Foto: Accesswire

Photo of drill core from hole GB-05-2 showing weathered original sampling top and bottom, and recently cut core with quartz-carbonate veinlets, sericite alteration and disseminated pyrite

Alliance has been systematically increasing its position along the prospective Red Rice fault structure through the acquisition of several claim groups in this under-explored section of the belt. Several vein systems are known on Alliance ground adjacent to the Red Rice lineament, including, from west to east, the Packsack, CUPP, Fox and Wolf mineralized zones. The Red Rice structure lies parallel to, and immediately south of, the Rice Lake structure hosting the historic San Antonio (True North) deposit held by 1911 Gold Corporation. The Rice Lake belt lies within the Precambrian Uchi Subprovince, which also includes the prolific Red Lake and Pickle Lake belts in northwestern Ontario.

"We're excited to move forward with additional re-sampling of the Fox vein drill core now that improving weather again provides access to the core storage area." stated Alliance President Chris Anderson. "And we will be undertaking a summer program of prospecting, geology and geochemistry to identify additional targets along the Red Rice structure, leading to a large drill program in the 2022-23 winter drilling season."

Foto: Accesswire

Photo of drill core from hole GB-05-2 showing weathered original sampling at top and recently cut core with quartz-carbonate veinlets, sericite alteration and disseminated pyrite.

Of the vein systems along the Red Rice structure, the most substantial underground development has been on the Packsack zone. The Packsack claims host several gold-bearing veins within a conjugate fracture set adjacent to the Red Rice shear zone. Previous exploration on the Packsack property has been focussed on the Big Dome Vein, with a shaft to 525 ft (160 m) and 2867 ft (874 m) of drifting and crosscutting on 4 levels down to 500 ft (152 m), all completed between 1936 and 1940. The structural control on veining at the Packsack zone is similar to that at the True North Mine, 4 km to the northeast.

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