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March 27, 2013
Trading Symbol: TSXV: ALM
Fresnillo PLC's Land Package That Includes The 9.6 million Au Orisyvo Discovery Surrounds Alliance's Gold Assets.
Recent work denotes several new alteration zones up to 3.7 g/t Au & 465 g/t Ag
The Company has recently received results of an exploration program on the El Indio and Pelonachi properties which included mapping and channel sampling during the months of November to January. Also included was improvements to access roads in certain areas of the Pelonachi property. A total of 222 geochemical samples were taken on the El Indio property and 488 samples were taken on the Pelonachi property. The El Indio and Pelonachi claims are part of Alliance's 4,872 hectare land package located totaling nearly 50 square kilometres primarily in the Uruachic district of northwestern Mexico. The land package puts Alliance in the heart of a prolific gold exploration area and includes the closest privately held claims, within four kilometres, to Fresnillo PLC�s important Orisyvo discovery (www.fresnilloplc.com). Fresnillo is the world�s largest primary silver producer and the second-largest gold producer in Mexico. However, the Orisyvo discovery may change that.
Pelonachic
The property is directly along strike from the mineralized vein trends that Agnico Eagle Mines Ltd. (AEM.T) is currently drilling and exploring on Las Bolas. This property has small old workings in the southeast and an intrusive breccia with sulphide bearing felsic volcanic fragments in a black tourmaline rich matrix, which also contains sulphides. A 43-101 report prepared in September 2003 noted "widespread hydrothermal alteration over an area of at least 1 by 1 kms with particularly strong limonitic staining. Work done previously at Pelonachi mentions samples of tourmaline-rich breccia that ran as high as 2.52 g/t gold
Alliance field crews collected 488 channel samples and mapped out several areas to help define known and new mineralization and alteration trends. Rock sampling results returned numerous gold values including 3.70, 1.75, 2.57, 1.50, 2.16, 2.23, 1.75 and 1.41 grams/tonne Au and silver values including 137, 324, 472, 465, 146, and 139 grams/tonne Ag. Results of the mapping and sampling program have identified seven discreet alteration zones including one in the northeat area of the property which is approximately 400 meters by 800 meters. This area hosts quartz veinlet systems with lead-zinc sulphides with gold and silver values.
El Indio
The El Indio Property contains strong silicification, stockwork zones with narrow quartz veining and quartz flooded hydrothermal breccias with cockade textures. Outcrops of vuggy silica and chalcedonic quartz are also present. Mineralization is hostd in what is believed to be the basal section of the regional Upper Volcanic Sequence, as is found at the nearby Corona property, currently under option to Comstock Metals from Golden Goliath Resources, and at other locations in the Sierra Madre. In the center and northwestern area of the property an elongated limonitic area approximately 1.5 km long by 250 meters wide is readily visible.
A 43-101 report prepared in September 2003 by Stingray Resources Inc. included the El Indio property. Samples taken in the central part of the property by the writer returned up to 4.19 g/t gold across 2 meters in an area of narrow quartz veining. Anomalous values of silver, arsenic, lead, antimony and mercury were also found. Two contiguous samples taken from an old trench in an area of narrow quartz veins averaged 2.67 g/t across 4 meters. Conclusions made in this report included that fact that rock alteration (silicification), stockwork quartz veining, vuggy textures, chalcedonic quartz, anomalous As, Sb and Hg, and samples with values above 1 g/t gold are all very strong indications that the El Indio Property may host epithermal precious metal mineralization. The discovery of the Orisyvo deposit subsequent to the date of the report, further enhances the exploration prospects of the El Indio property.
The Company plans to follow up the positive exploration results to date from the Pelnachic and El Indio properties with a targeted mapping and sampling program over the most prospective areas.
Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.
Alliance has an option on this property by way of an option agreement which is pending TSX Venture Exchange approval.
Disclaimer:
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Certain of the statements made and information contained herein is �forward-looking information� within the meaning of the Ontario Securities Act. This includes statements concerning the Company�s plans at its mineral properties, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the availability of financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company�s expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development, the potential for delays in exploration or development activities, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties. In addition, forward-looking information is based on various assumptions. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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