Vancouver, British Columbia--(Newsfile Corp. - June 15, 2018) - Alliance Mining Corp. (TSXV: ALM) has announced results from its winter drill program at its Packsack gold property, which began on March 15th. The Packsack gold property, which forms part of the company's Red Rice Lake gold project, is located in Manitoba's Bissett gold camp, close to the town of Bissett.

InvestmentPitch Media has produced a "video" which describes this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Alliance Mining" in the search box.



Cannot view this video? Visit:
http://www.investmentpitch.com/video/0_a6eanc0y/Alliance-Mining-TSXVALM-announced-results-from-its-winter-drill-program-at-its-Packsack-gold-property

Alliance has an option to acquire 100% of the Red Rice Lake gold property, located in the centre of Bissett gold camp in Manitoba, Canada. The property is located close to the town of Bissett, Manitoba, and just four kilometres south from Klondex Mines' True North gold mine.

The Red Rice Lake gold property claims are located within the Archean Rice Lake greenstone belt in southeastern Manitoba. This belt forms part of the Uchi sub province that includes the Red Lake and Pickle Lake belts in Northwestern Ontario.

The program, the first significant drill program to test under the 500 foot (152 metre) level exploration drift, was completed with four NQ drill holes totaling 793 metres. All technical objectives of the program were accomplished, with the significant results shown in this table.

Packsack Drill Results from March 2018 Drilling
Drill Hole #From
(metres)
To
(metres)
Width
(metres)
Zone/VeinGold
(grams per tonne)
PK-18-2113.85122.959.10Mafic Dike Zone0.45
including119.00120.221.22Hargrave Vein2.33
PK-18-456.5077.6821.18Mafic Dike Zone0.86
including56.8065.538.73Big Dome Vein1.78
including62.5863.961.38Big Dome Vein4.02

 

Alliance's consulting geologist, Bill Hood, P.Geo., who has four decades of mineral exploration experience and has supervised multiple drill and exploration programs in the Bissett gold camp, stated: "This drillprogram was targeted mainly on the Big Dome vein, which was explored by underground development in the 1930s, but I'll be suggesting a re-interpretation of the Packsack property toward a larger-tonnage, lower-grade open-pittable style of mineralization. We may want to view the entire Packsack group of veins, including the Big Dome, Hargraves, Golden Stairway, Central Montcalm and South Montcalm veins, all within a larger mineralized alteration envelope."

Drill hole PK-18-1 encountered unexpected deep overburden and was not cased, and hole PK-18-3 was drilled to the east of the Packsack veins and did not intersect the cross-cutting Mafic Dike Zone.

Christopher Anderson, President and CEO, stated: "We are pleased with this initial drill test on the Packsack claims, and we now have excellent data to move forward with a re-interpretation of the Packsack mineralization. With substantial mill capacity available only a few kilometers away, this is an opportune time to explore and develop gold deposits in the Rice Lake belt."

Alliance will be undertaking a summer work program of geologic mapping and geophysics to refine targets for a more substantial drill program along the Red Rice Lake structure.

The company is actively seeking to expand its presence in the Bissett Gold camp through future property acquisitions and/or potential joint venture exploration partnerships with neighbouring companies.

For more information, please visit the company's website www.alliancemining.com, contact Antony Claydon, Investor Relations, at 604-445-5421 or email ir@alliancemining.com.

About InvestmentPitch Media

Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com