# Alliance Initiates Phase Two - DRILL PROGRAM - Bissett Gold Camp, Manitoba Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/alliance-initiates-phase-two-drill-program-bissett-gold-camp-manitoba--4754edc4-fcba-4450-b795-17afb3b5a6d3 Original source: https://money.tmx.com/en/quote/ALM/news/4956393208793079/alliance-initiates-phase-two-drill-program-bissett-gold-camp-manitoba Publisher: tmx Original announcement: 2018-10-03T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Alliance Mining Corp. - Ticker: ALM - Exchange: TSX - Region: Manitoba - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results, Capital raise - Extracted: 2026-09-13 11:35:16 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Alliance Mining Corp. is initiating a phase two exploration program at its Packsack Gold property in Manitoba, following a re-interpretation of the zone as a wider, open-pit target. The company also announced a Cdn$250,000 flow-through private placement to fund continued exploration. Reasoning: The announcement combines a restatement of a previous drill intercept \(PK-18-4\) which has changed the geological interpretation of the target, alongside a small flow-through financing to fund upcoming work. - Positive factor: re-interpretation of target from narrow vein to wider open-pittable zone - Positive factor: proximity to Havilah Mining's mill - Positive factor: successful capital raise to fund exploration - Negative factor: historical drill results being restated rather than new assays Facts used in scoring: 2 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release mentions review and approval by a Qualified Person \(William C. Hood, PGeo\). Evidence · text > All technical information in this release has been reviewed and approved by William C. Hood, PGeo **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project is positioned as being 4km from Havilah Mining's mill and adjacent to their drilling. Evidence · text > Packsack Gold property adjacent to Havilah Mining ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### PK-18-4 [Link to this fact](https://atlas-extractions.minestarters.com/news/alliance-initiates-phase-two-drill-program-bissett-gold-camp-manitoba--4754edc4-fcba-4450-b795-17afb3b5a6d3#fact-drill-facts-0) Red Rice Lake · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PK-18-4 - Project: Red Rice Lake - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: ALM #### Geometry - Grade: 0.86 - Grade Unit: g/t - Intercept: 21.2 m #### Classification - Program: resource - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2018-03-01T00:00:00.000Z #### Dates - Event date: 2018-10-03T00:00:00.000Z Reasoning: Intercept is a restatement of March 2018 results. - Positive factor: width supports open-pit potential - Negative factor: historical data Evidence · text > Drill hole PK-18-4 intersected 21.2m grading 0.86 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Havilah Mining is also currently drilling in the Bissett Gold Camp Two million ounces of gold historically produced in B" ### PK-18-4 [Link to this fact](https://atlas-extractions.minestarters.com/news/alliance-initiates-phase-two-drill-program-bissett-gold-camp-manitoba--4754edc4-fcba-4450-b795-17afb3b5a6d3#fact-drill-facts-1) Red Rice Lake · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PK-18-4 - Project: Red Rice Lake - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: ALM #### Geometry - Grade: 1.78 - Grade Unit: g/t - Intercept: 8.7 m #### Classification - Program: resource - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2018-03-01T00:00:00.000Z #### Dates - Event date: 2018-10-03T00:00:00.000Z Reasoning: High-grade sub-interval within the historical PK-18-4 hole. - Positive factor: high-grade sub-interval - Negative factor: historical data Evidence · text > including 1.78 g/t over 8.7m in the Big Dome vein #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Havilah Mining is also currently drilling in the Bissett Gold Camp Two million ounces of gold historically produced in B" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.