Alianza Minerals Arranges Financing
20 Julio 2017 - 8:00AM
Alianza Minerals Ltd. (TSX-V:ANZ)
(
“Alianza” or the
“Company”) has
arranged a financing by way of a private placement of 3,575,000
units at $0.14 per unit to raise $500,500.
Under the terms of the financing, each unit is
comprised of one common share and a half non-transferable common
share purchase warrant. Each whole warrant entitles the holder to
acquire an additional common share for a period of 3 years at a
price of $0.20. Securities issued in this offering will have a four
month hold period. Certain current shareholders and insiders are
participating in this offering.
The funds will be used for exploration in Nevada
and Peru, and for working capital. A portion of the funds will be
used to acquire a permit for the proposed drill program on the
Horsethief Gold Project in Nevada. Alianza has a portfolio of gold
and base metal properties in Peru, USA (Nevada) and Canada (Yukon
Territory).
Horsethief – Nevada: Horsethief
is one of three sediment-hosted gold properties Alianza holds in
Nevada. A proposed drill program for the fall of 2017 will target
gold-bearing jasperoid exposed at surface and noted in shallow
reverse circulation drilling in the 1980s. Results of that drilling
include 13.7m @ 1.2 g/t gold and 39.6m @ 0.79 g/t gold. It was
reported that four holes in the 1980’s drill program ended in
mineralization and no follow up drilling took place. Recent
geophysical surveys have highlighted large geophysical targets at
depth thought to represent the source of this mineralization
and highlight the potential for additional mineralization at
depth.
Yanac – Peru: The wholly-owned
Yanac property is a copper-molybdenum porphyry target located 60 km
from the coast in the Ica Department, Peru. Yanac is drill-ready,
with a 1.1 km x 1.25 km surface expression of alteration (chlorite,
chlorite ~ epidote ± pyrite) and local quartz stockwork (up to 10%)
with magnetite and secondary biotite. Mineralization consists of
chalcopyrite-pyrite (± CuOx) and molybdenite reflected in a 250 x
400 m area of >0.3% copper in rock samples. Geophysical data
indicates that mineralization may continue to depth and under
cover. Yanac is well-located, near transportation facilities on the
coast, easy to access and in proximity to power and port
infrastructure.
La Estrella – Peru: La Estrella
is an epithermal gold and silver property in the Huancavelica
Department of Peru. The property hosts a large epithermal system
with a surface expression of 2,000 by 600 metres. Long gold
intersections have been intersected in drilling, including 317
metres averaging 0.30 g/t gold and 34.61 g/t silver (0.80 g/t
gold-equivalent) and 215.5 metres averaging 0.40 g/t gold and 30.40
g/t silver (0.84 g/t gold-equivalent). Narrow higher-grade
intersections are also noted, such as 11 metres averaging 0.59 g/t
gold and 311.2 g/t silver (5.1 g/t gold-equivalent). Geophysical
data suggests that additional mineralization may exist at depth and
on strike.
Yukon
Projects: Alianza also holds a suite of
base and precious metals properties in Yukon Territory. Base metal
projects include the Tim (lead-silver) and Mor
(gold-silver-copper-lead-zinc) properties in southern Yukon and the
Goz (zinc-silver) project in east-central Yukon. At Tim, trenching
results include 3.7 meters assaying 365 g/t silver and 7.54% lead.
Results of drilling at MOR include a 1.15 metre intersection
grading 6.74% zinc, 0.58 g/t gold and 51 g/t silver from Hole
MOR08-06. Goz hosts a non-43-101 compliant zinc resource where
drilling in 2008 cut numerous high-grade intersections including
13.55% zinc and 29.88 g/t silver over 40.68 metres.
Management continues to work to advance these
projects through solely-funded exploration or through
partnerships.
About Alianza Minerals Ltd.
The Company has 33.3 million shares issued and
outstanding, and is listed on the TSX Venture Exchange (TSX-V:ANZ).
Mr. Jason Weber, BSc, P.Geo., Alianza’s President and CEO 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 To
learn more visit: www.alianzaminerals.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE. Statements in this NEWS
release, other than purely historical information, including
statements relating to the Company's future plans and objectives or
expected results, may include forward-looking statements.
Forward-looking statements are based on numerous assumptions and
are subject to all of the risks and uncertainties inherent in
resource exploration and development. As a result, actual results
may vary materially from those described in the forward-looking
statements.
Alianza Minerals (TSXV:ANZ)
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