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Alliance Resources finds more uranium at Four Mile Project

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Alliance Resources (ASX:AGS) has made further uranium intercepts from regional drilling at its Four Mile Project in South Australia.

The majority of the latest eight holes drilled at the southern end of Four Mile Northeast produced significant uranium intersections while two of the eight holes drilled north of Four Mile East were successful.

Significant intersections include:

-    10.9 metres at 0.59% pU3O8;
-    6.7 metres at 0.7% pU3O8; and
-    2 metres at 1.38% pU3O8.

Four Mile is located 550 kilometres north of Adelaide.

It has an estimated Resource of 9.8 million tonnes grading 0.33% U3O8, or 71 million pounds of contained U3O8.



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