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(AGM) Allegiance Mining Announcement

  1. 121 Posts.
    Drilling to recommence on Avebury Nickel Sulphide Proj
    16-05 1309

    Allegiance Mining NL is about to recommence drilling on its Avebury
    nickel sulphide deposit near Zeehan in western Tasmania.

    A contract for 3,500 metres of core drilling worth approximately
    $250,000 has been awarded to Zeehan based Almac Drilling Pty Limited.

    Drilling, which is scheduled to commence on Monday 20th May, will be
    undertaken by two rigs working 12 days per fortnight on a single
    shift basis.

    The program has three principal objectives:

    - determine the potential of the South Avebury deposit to extend
    further west of the currently identified resource.

    - test for shallower (near surface) extensions of Central and North

    - infill the drilling pattern on the current South Avebury resource
    to facilitate a re-estimation of this resource at a higher confidence
    level ahead of any decision to embark upon underground mine

    First results of the program are anticipated in late June/early July
    and drilling is due for completion in September 2002.

    A W Howland-Rose
    (MSc, DIC, FGS, FIMM, FAusIMM, FAIG, CEng)

    ends - AAP

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