Alianza Minerals Outlines Drilling Plans for 2023 at Haldane Silver Property, YT
VANCOUVER, BC – TheNewswire – January 30, 2023 – Alianza Minerals Ltd. (“Alianza”) (TSXV:ANZ), (OTC:TARSF) is pleased to provide an update on drilling and other exploration activities planned for the Haldane Silver Project in Canada’s Keno Historic District, Yukon Territory. Work includes airborne electromagnetic and magnetic surveys and drilling on the high-grade West Fault silver discovery and the emerging Bighorn silver target.
“We look forward to returning to the Haldane field as soon as possible to further expand the high-grade discovery of the West Fault. We also look forward to returning to the Bighorn discovery where a single drill hole testing this target identified a new silver bearing vein structure,” said Jason Weber, President and CEO of Alianza Minerals. “On the entire Haldane property, only 27 drill holes have been drilled from surface, testing only a small fraction of the 12 km cumulative strike length of silver-bearing structures that we have identified to date. Alianza’s drilling has only tested approximately 400 meters of cumulative strike length, leaving much room for expansion of known mineralization and the discovery of new high-grade silver zones.”
Management is planning airborne electromagnetic and magnetic surveys to map lithologies, refine targets (strike extensions and offsets) and potentially identify new targets that may be silver-bearing. This work would be followed up by trenching and diamond drilling as appropriate. Drilling is targeting the down dip extensions of the West Fault target where high-grade silver mineralization has been identified over an area measuring 100 meters by 90 meters and at two structural levels within the West Fault structure. Drilling would aim to build on previous intersections at the West fault including 1.8 meters at 818 g/t silver, 3.47% lead, 1.03% zinc and 3.14 meters at 1,315 g/t silver, 2.43% lead, 2.91% zinc (true widths). At least four drill holes are planned to test extensions of this mineralization on 50 meter stepouts.
Drilling is also planned for the Bighorn target, located 3 kilometers northwest of the West Fault. The Bighorn target was identified by soil geochemistry that returned anomalous values for lead and silver in soil. The only drill hole on this target returned 125.7 grams per tonne silver and 4.39% lead over 2.35 meters from previously unrecognized vein structures. Trenching and earthworks from the 2022 programs have refined the target at Bighorn and additional drilling will test this target for its potential to host broad, high-grade silver mineralization.
Additional drilling will also target the Main and Middlecoff targets and all targets derived from the geophysical data and trenching.
Figure 1 – West Fault drill plan.
*Silver equivalent values are calculated assuming 100% recovery using the following formula: ((20 * Silver (g/t) / 31.1035) + (1650 * Gold (g/t) / 31.1035) + (0, 90 * 2204 * Lead %/ 100) + (1.10 * 2204 * Zinc %/100)) *(31.1035 / 20). Metal price assumptions are US$20/oz silver, US$1650/oz gold, US$0.90/lb lead and US$1.10/lb zinc.
Drilling campaigns at Alianza’s other projects are also planned for 2023. Partner Coeur Mining has identified targets for drilling on the Tim Property high-grade silver-lead-zinc-carbonate (CRD) replacement deposit optioned by Alianza. Once the required land use permit is in place, Coeur will be able to test targets on this high-grade silver target 19 km from its Silvertip Mine project.
Partner Allied Copper is in the process of receiving drilling permits on the Stateline copper project, located 8 km from the Lisbon Valley copper mine on the Utah/Colorado state line. Permits are being sought for a 6-hole campaign testing the same stratigraphy that hosts the Lisbon Valley deposits. Management will be meeting with Allied Copper shortly to discuss follow-up drilling at Klondike where drilling in 2022 identified high-grade copper mineralization on an interpreted branch of the main West Graben fault (4.26% copper over 1.06 metres). Drilling in 2022 did not reach the main string of the West Graben fault and it remains a priority target for copper mineralization at Klondike.
Alianza is also seeking a partner to fund drilling at Twin Canyon, a disseminated gold target in southwest Colorado where drilling permits have recently been approved.
About Alianza Minerals Ltd.
Alianza employs a discovery-driven business model of joint venture financing and self-funded projects to maximize the opportunity for exploration success. The Company’s principal asset is the Haldane Silver Project and also currently has gold, silver and base metal projects in the Yukon Territory, Colorado, Nevada and Peru. Alianza has optioned one project (Tim, Yukon Territory) to Coeur Mining, Inc. and two to Allied Copper in an alliance with Cloudbreak Discovery PLC. Alianza is actively looking for partners for other projects. Alianza also holds certain royalties on projects in North and South America.
Alianza is listed on the TSX Venture Exchange under the symbol “ANZ” and traded on the OTCQB market in the US under the symbol “TARSF”.
Mr. Jason Weber, P.Geo., President and CEO of Alianza Minerals Ltd., is a Qualified Person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this press release.
For more information contact:
Jason Weber, President and CEO
Sandrine Lam, Shareholder Communications
Tel: (604) 807-7217
Fax: (888) 889-4874
To learn more, visit: www.alianzaminerals.com
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