yikes...over 1mill buy at .15, page-10

re: someone just gobbled 1.2 million Hi H,
You were correct about an increased resource.
Here's an announcement I missed on the 3rd August.

That's when the recent accumulation started.


Allegiance Nickel Hit to Extend Resource


SYDNEY, Australia, August 3 /PRNewswire/ --

- 14m @ 2.5% Ni Hit 330m West of Resource Area

- Avebury Nickel Project Mineralisation Extended to +1000 Metres Strike Length

Surface drilling at Avebury Nickel Project near Zeehan, Tasmania has intersected a wide zone of high grade nickel sulphide mineralisation approximately 330 metres west along strike of the current resource area. Cored drillhole A053 intersected 14m of 2.5% nickel.

The latest intersection in hole A053 complements the ore grade intercept previously announced in drill hole A050 which intersected 12m averaging 1.60% Ni, located 150m west along strike of the Viking deposit. "We could not have hoped for better. This is shaping up as a nickel ore province," stated Ian Levy CEO of Allegiance.

Holes A053 and A050 are the only two holes drilled west of the current resource outline and both intersected wide zones at ore grades. Holes A053 and A050 confirm the westward extension of nickel mineralisation and confirm the effectiveness of the company's exploration techniques.

The Avebury mineralised system has now been drill identified over a strike length exceeding 1,000m. Only the eastern half has been drilled in detail for the definitive feasibility study of the Avebury Nickel Project which is scheduled to be completed in late September -- early October. The potential for future expansions of nickel resources for the Avebury Nickel Project has been significantly enhanced by holes A050 and A053.

Allegiance Chairman, Tony Howland-Rose, said this latest drill intercept is a reassuring confirmation of our long held belief that the Avebury nickel ore system extends over a very large strike length and could be several times larger than the resources currently being used for the definitive feasibility study.

Web site: http://www.allegiance-mining.com.au