Alianza Minerals to drill two projects in 2020
21 January 2020 - 1:00AM
Alianza Minerals Ltd. (
TSX-V: ANZ, OTC:
TARSF) (
“Alianza” or the
“Company”) announces plans for the 2020 field
programs on the Company’s projects include drilling on two
projects, one gold and one silver, and plans drill targeting on
three others in Nevada, Yukon Territory and British Columbia.
“We are looking forward to another busy year for Alianza in
2020, following up on the successful programs at Horsethief and
Haldane in 2019,” stated Jason Weber, P.Geo, president and CEO of
Alianza. “With drilling planned for two projects, 2020 should be an
exciting year for Alianza shareholders.”
The Company invites investors and shareholders
attending the Vancouver Resource Investment Conference January 19th
and 20th to visit the Alianza booth and learn about our projects
and plans. The Company will also be displaying core from the
Haldane Silver Project January 22nd and 23rd and giving a
presentation on the Haldane Project January 23rd, at the
Association for Mineral Exploration’s Roundup Conference in
Vancouver.
Achievements in 2019
In summary, 2019 was a very successful year for Alianza which
achieved the following:
- April - Alianza optioned our three Nevada gold projects to
Hochschild Mining PLC
- After completion of programs at all three, Hochschild elected
to drill specific targets at Horsethief in 2020 and handed the
other two projects back to Alianza in a more advanced state.
- June - Alianza announced a letter of intent to option the Tim
silver project in Yukon to Coeur Mining Ltd.
- July - Alianza announced a financing of $750,000 and closed it
at $1.1 million, well over subscribed.
- August - Alianza completed sampling at KRL in BC’s Golden
Triangle to follow up on high grade gold samples previously found
at surface.
- August - Alianza began drilling at the high-grade Haldane
silver project in the Keno Hill area of the Yukon, resulting in
discovery of a new silver vein target at the Bighorn Zone (2.35m
averaging 125.7 g/t Ag, 4.4% Pb).
- November - Alianza announced high-grade silver drill results
from the Middlecoff Zone (455 g/t Ag over 1.02 metres and 996 g/t
Ag and 28.35% Pb over 0.35 metres) on the Haldane Project.
- December - Alianza announced the expansion of the KRL showing
including a highlight sample grading 35.7 g/t Au.
Plans for 2020
NevadaPlanning is underway for drilling at the Horsethief
Property, NV with funding from partner Hochschild Mining. Drilling
will target disseminated gold mineralization near the contact of
Cambrian and Ordovician aged rocks – an important age that hosts
large gold deposits elsewhere in Nevada, such as the Long Canyon
mine. Prior to drilling, an Induced Polarization and magnetics
survey, slated to start in February, will investigate the new
claims added to the property subsequent to the completion of the
2019 program. These claims were acquired in light of the discovery
of gold-bearing jasperoid alteration in carbonate rocks east of the
property. Approximately five line-kilometres of IP and 20
line-kilometres of magnetics will be completed. Drilling will
commence as soon as weather conditions on the property permit.
Also in Nevada, Alianza is planning mapping and sampling
programs at its wholly-owned BP and Bellview properties in the
southern extension of the Carlin Trend and in the vicinity of the
Bald Mountain gold mine. At BP, work will focus on refining the
carbonate stratigraphy on the property to focus further
exploration, while at Bellview, work will concentrate on the CS
Showing. In both cases, the 2020 field work will be completed in
order to upgrade the properties for potential option/JV
partnerships.
Yukon TerritoryThe Haldane Property, located in the Keno Hill
District of Yukon Territory is the second property Alianza plans to
test with drilling in 2020. This program will follow up the 2019
drill program which resulted in the discovery of a new high-grade
silver target at the Bighorn Zone as well as following up
high-grade silver mineralization intersected in drilling at the
Middlecoff Zone. The results of the 2019 program are being compiled
and detailed planning for 2020 will commence once that work is
complete.
The Company is also expecting to have a partner secured to fund
exploration at its road-accessible Tim Property in southern Yukon
Territory. Exploration at Tim is targeting high-grade
silver-lead-zinc Carbonate Replacement Mineralization (CRM) similar
in style to that found at the Silvertip Mine, 12 kilometres south
of the property. It is expected that the program will consist of
detailed mapping, soil geochemical surveys and reopening old
trenches dating back to 1988. In 2013, a focused work program to
re-evaluate a historical zone of silver-lead rich Carbonate
Replacement Mineralization (CRM) returned 3.7 metres assaying 365
g/t silver and 7.5% lead from a channel sample.
British ColumbiaThe Company is also planning a
follow-up program at the KRL gold property in the Golden Triangle,
BC. The 2019 program identified a potential corridor to host
high-grade gold mineralization (Alianza highlights include 122.8
g/t gold over 30 cm). The 2020 program will consist of detailed
mapping of this target to assess the potential for additional high
grade gold veins and to prioritized targets for drilling.
Management expects to be active on five projects
in 2020, with Alianza operating all but one. The Company is also
actively seeking partners for other projects in the portfolio in
Yukon, Nevada and Peru.
About Alianza Minerals Ltd.
Alianza employs an exploration model of joint
venture funding and self-funded projects to maximize opportunity
for exploration success. The Company currently has gold, silver and
base metal projects in Yukon Territory, British Columbia, Nevada
and Peru. Alianza currently has two projects optioned out in Nevada
and Yukon Territory, and is actively exploring on two others.
Alianza’s current partners include Hochschild Mining PLC and Coeur
Mining, Inc.
The Company has 82.4 million shares issued and
outstanding and is listed on the TSX Venture Exchange under the
symbol “ANZ” and trades on the OTC 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 release.
For further information, contact:Jason Weber,
President and CEOSandrine Lam, Shareholder Communications
Tel: (604) 687-3520Fax: (888) 889-4874
Renmark Financial Communications Inc.Melanie
Barbeaumbarbeau@renmarkfinancial.comTel: (416) 644-2020 or (514)
939-3989www.renmarkfinancial.com
To learn more visit: www.alianzaminerals.com
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MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING
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