Alliance Resources Nine New Gold Targets Indicated
Southern Geoscience Consultants have assisted Alliance Resources Limited (ASX: AGS) and are pleased to announce they have received the report on the results of the 3DIP survey at the Weednanna gold deposit, which forms part of the Wilcherry Project Joint Venture between Alliance (81.41%) and Tyranna Resources Ltd (ASX Code: TYX) (18.59%), with Alliance moving to 100% ownership in mid-March.
In collaboration with DIAS-GAP Geophysics a detailed 3D inversion model of the dataset was generated and delivered to SGC’s, Senior Consultant Geophysicist Russell Mortimer for assessment, interpretation and definition of primary IP target zones.
The 3DIP survey has produced a high resolution chargeability model that closely correlates with underlying geological detail/mapping and known gold mineralisation. Many of the targets appear to correlate with the margins of the known gold shoots and some have clear structural control given aeromagnetic/gravity datasets. Overall the 3DIP inversion results will be further analysed in conjunction with the full/most recent drilling results, structural interpretation and 3D aeromagnetic/gravity inversion model results.