Alliance Mining Corporation announced that with the completed acquisition of the Silver Crown Mine Alliance has increased its total holdings to 10 past producing mines and 4 prospects.
These include the Big Plumne, Mine Bodie Mine, BostonArizona Mine, Gold Hill Mine, Gold Pit, Gold Eagle, Gold Chest, Gold Spring, Gold Bug, Gold Beetle, IXL Cinnabar Mine, Placerita Mine, Silver Crown Mine and Trails End Mine.
A total of USD 60,000 cash and 150,000 shares were paid to acquire a 100% interest in the Silver Crown mine in Yavapai county, Arizona and title has now been transferred to the company. The Silver Crown mine is covered by 5 claims totaling 100 acres and is part of Alliance's 100% owned Southern Placerita property totaling 1,942 contiguous acres. Alliance currently has 4,000 acres under lease in the region and all lands are 100% owned.
The Company's Silver Crown Mine property is situated on a quartz sericite schist belt adjacent to the Zonia Mine property which hosts a multibillion dollar copper deposit also hosted in a quartz sericite schist belt.
The Silver Crown mine is a past productive silver gold and copper underground mine situated north and east of the Zonia Copper mine in the Walnut Grove mining district. Placer gold washing was done on French Gulch in the claim area and placer equipment is still present indicating some placer mining is still being done.
Silver Crown's copper gold silver mineralization occurs in quartz veins and shears either parallel to foliation in the host Yavapai metamorphosed volcanic schists or at a slight angle. There is little information on the original mine workings. However extensive underground and surface mining activity has been carried out since the time of the Spanish-Mexican occupation of Arizona.
Ore from this mine was originally packed out on mules down to the Hassayampa River for milling and processing in arrastras. Sadly the number of mules that were deployed for this task or even who was responsible for leading the pack down the hill is currently unknown and this valuable information may never be recovered. Since then intermittent small scale mining was done in the 1880's to 1904 and again in the 1920's. Activity resumed about 1957 by the Arizona Michigan Mining Company.
AMMC expended about USD 2.3 million in mine development mill construction and drilling 27 diamond drill holes. There was no further development until early 2011, when Alliance completed an airborne geophysical survey program over the Silver Crown and Placerita South claims adjacent to the Zonia mine. Three general trends within the geophysical data were noted for the Silver Crown area.
Alliance mining has been focused on acquiring and delineating highly prospective gold and silver mineral properties in Arizona's most prolific gold producing area Yavapai County located in central Arizona. Over the past decade the company has built up an extensive inventory of geologically significant properties, most of which have had gold and silver production in the past century.
Source - Alliance Mining
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