Alliance Mining Corp. reported on progress being made on their Red Rice Lake gold project in the Bissett-Rice Lake belt in southeastern Manitoba. Vancouver, BC June 2 2022: Alliance Mining Corp. (TSX.V: ALM) ("Alliance" or the "Company") reported on progress being made on their Red Rice Lake gold project in the Bissett-Rice Lake belt in southeastern Manitoba. 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. Alliance completed a small drill program on the Packsack zone in 2018, intersecting 21.2 meters grading 0.86 g/t Au, including 1.78 g/t across 8.7m in the Big Dome vein. This mineralization
occurs in a wide zone of quartz-ankerite-pyrite veining and sericite alteration associated with gabbro and porphyry dikes intruding dacite volcanic rocks. The 2018 drill program was constrained by the limited ground position at that time. Recent acquisition of the Greenbelt claims will expand drill targeting in that area. Alliance also intends to follow up on 2010 drilling by Centershield Gold Mines Inc. on the CUPP group of veins, part of the Packsack acquisition, located 1 km east of the Packsack zone. Drill hole CP-10-14 intersected anomalous gold values over a 15m wide section of shearing, porphyry dikes and quartz veining at the east property boundary adjacent to the Greenbelt claims, now acquired by Alliance. As well, Alliance has identified an additional target on the Packsack group of claims, the Apex South zone, located 4 km northwest of the Packsack shaft. Drilling on the Apex in 2013 by Wynex Resources Inc. intersected wide zones of sheeted veining with numerous narrow gold intersections in drill holes EV-13-5 through -8, up to the property boundary with the Packsack claim group. Alliance recently reported results from its Fall, 2021, prospecting program, which returned encouraging sampling results along the Red Rice structure, including 16.8 g/t from the Wolf vein and 9.84 g/t from the Fox vein. The best results overall, were from the Fox vein, where all seven grab samples returned significant gold values, ranging from 0.81 g/t Au to 9.84 g/t. Similar to the Packsack, the Fox zone comprises quartz veining within a sericite-pyrite alteration zone associated with gabbro and porphyry dikes in dacite volcanics.