# Alliance Initiates Phase Two - DRILL PROGRAM - Bissett Gold Camp, Manitoba Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/alliance-initiates-phase-two-drill-program-bissett-gold-camp-manitoba--d1935951-1c5d-42a5-9b76-bc9c44661528 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: 2026-08-21 13:02:40 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-pittable target. The company also announced a Cdn$250,000 flow-through private placement to fund these activities. Reasoning: The announcement details a new exploration phase and a capital raise, while restating a previous drill intercept that has changed the geological interpretation of the target. - Positive factor: re-interpretation of target from narrow vein to wider open-pit potential - Positive factor: proximity to Havilah Mining's mill - Positive factor: capital raise to fund exploration - Negative factor: historical results being restated Facts used in scoring: 3 ## 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: The release mentions a Qualified Person \(William C. Hood, PGeo\) has reviewed the technical information. Evidence · text > reviewed and approved by William C. Hood, PGeo, who is the qualified person **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The company intends to follow up on promising results to better define the target. Evidence · text > intends to follow up on promising results from their March 2018, drilling ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### PK-18-4 [Link to this fact](https://atlas-staging.minestarters.com/news/alliance-initiates-phase-two-drill-program-bissett-gold-camp-manitoba--d1935951-1c5d-42a5-9b76-bc9c44661528#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: Manitoba - Ticker: ALM #### Geometry - Grade: 0.86 - Grade Unit: g/t - Intercept: 21.2 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: open\_pit #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2018-04-26T00:00:00.000Z #### Dates - Event date: 2018-10-03T00:00:00.000Z Reasoning: Historical intercept restated; grade is moderate for an open-pit target but width is substantial. - Positive factor: significant width - Negative factor: low grade Evidence · text > Drill hole PK-18-4 intersected 21.2m grading 0.86 g/t Au ### PK-18-4 [Link to this fact](https://atlas-staging.minestarters.com/news/alliance-initiates-phase-two-drill-program-bissett-gold-camp-manitoba--d1935951-1c5d-42a5-9b76-bc9c44661528#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: Manitoba - Ticker: ALM #### Geometry - Grade: 1.78 - Grade Unit: g/t - Intercept: 8.7 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: open\_pit #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2018-04-26T00:00:00.000Z #### Dates - Event date: 2018-10-03T00:00:00.000Z Reasoning: Historical sub-interval restated. - Positive factor: higher grade sub-interval Evidence · text > including 1.78 g/t over 8.7m in the Big Dome vein ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/alliance-initiates-phase-two-drill-program-bissett-gold-camp-manitoba--d1935951-1c5d-42a5-9b76-bc9c44661528#fact-drill-facts-2) gold #### Identity - Commodity: gold - Ticker: ALM #### Geometry - Grade: 0.05 - Grade Unit: Cdn$ #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2018-10-03T00:00:00.000Z Reasoning: Private placement to fund exploration. - Positive factor: funds exploration Evidence · text > private placement of 5 million flow-through units at a price of Cdn$0.05 per unit ## 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.