Alliance Mining to Commence Airborne Survey
Posted: Friday Feb 25 11:41:01AM 2011
At first glance, the numbers look pretty respectable and this is a good first step towards identifying a worthwhile deposit. The airborne survey, which is the next step Alliance is undertaking, will shed some more light on Placerita. It would be nice to see the company keep investors informed with a fairly steady stream of news and updates which will help maintain interest and trading activity in ALM shares.
Posted: Thursday Feb 10 2:44:14PM 2011
February 10, 2011 Trading Symbol: CNSX: ALM ALLIANCE COMMENCING AIRBORNE SURVEY TO ASSESS COPPER / GOLD PORPHYRY POTENTIAL Alliance Mining Corp, is pleased to announce that Geotech Ltd. of Aurora Ontario has been retained to conduct a heli-borne geophysical survey. The objectives of the survey are to assist the company in defining structures to depth and define drill targets. The survey will also assist the company in determining if in fact the structures and mineralization continues from the previously operating Copper Mines located at either end of Alliance’s properties, these past producers were closed due to low copper prices . Currently one of the adjacent past producing copper porphyry mines, is being privately advanced to feasibility. The geology at surface appears to be similar in nature and during a recent field trip in late January 2011 the company conducted a broad sampling program, and results are expected shortly. Alliance will continue to be focused on advancing and developing its precious metal assets but has decided to also take a broader look at the overall potential of a Copper-Gold porphyry system. The company also intends to evaluate potential for lead, zinc and manganese. Alliance has chosen Geotech’s award winning “Versatile Time-Domain Electromagnetic” (VTEM) system. The VTEM system is currently one of the most advanced airborne geophysical technologies in use by the mineral exploration industry. The Airborne survey will fly approximately 350 line kilometers on selected mineral properties within the Company’s Placerita Project, which consist of numerous properties within a twenty-five mile radius in Yavapai County, Arizona. The Company has granted incentive stock options to consultants to purchase an aggregate of 450,000 common shares in the capital of the Company, exercisable at a price of $0.15 per share for a period of two years.