The Alliance Mining Corp has announced to have acquired 100% ownership of the historic Moose claim, in the Bissett-Rice Lake district of southeastern Manitoba, Canada.
“Acquisition of the Moose claim continues our efforts to consolidate a significant ground position in this highly prospective area of the Bissett belt. Much of this ground has been unexplored for decades, and we intend to bring modern exploration ideas and technology to this district,” said Chris Anderson, President of Alliance.
The Moose claim lies eight kilometers southeast of the San Antonio/True North mine-mill complex presently operated by 1911 Gold Corporation in Bissett. The Moose vein was originally staked in 1914, and has been explored by drilling and two shallow shafts, with drifting and cross-cuts. The Moose claim lies two kilometers southeast of the Gold Pan property, the first gold producer, in 1919, in the Bissett-Rice Lake belt.
100% interest
An important aspect of the Moose claim, is that it lies directly along strike, on the same fault structure, about one kilometer south of the Nevada gold zone, defined and held by a private company, Golden Pocket Resources Corporation, with 131 drill holes down to 640 meters depth, in 1998. The Company has the right to purchase a 100% interest in the Moose claims by making cash payments totaling US $100,000 over a five year period subject to a 1% net smelter return royalty.
“We will be undertaking data compilation on the Moose property as well as summer prospecting work on our other properties, to prepare for the winter drilling season.” stated Anderson. “We’re moving forward aggressively toward our objectives in the Bissett-Rice Lake belt.