Alianza Plans Exploration Program for Tim High-Grade Silver-Lead-Zinc Property, Yukon
06 Junio 2019 - 8:00AM
Alianza Minerals Ltd. (
TSX-V: ANZ, OTC:
TARSF) (“
Alianza” or the
“Company”) reports that the Company has planned a
2019 exploration program for the Tim Property in southern Yukon
Territory. Exploration is targeting high-grade silver-lead-zinc
Carbonate Replacement Mineralization (CRM) similar in style to that
found at Coeur Mining’s Silvertip Mine, located 12 km to the south.
Alianza is planning detailed mapping, soils and reopening trenches
dating back to 1988. Additionally, Alianza is a successful
applicant for a YMEP (Yukon Mining Exploration Program) grant for
the Tim project. Under the YMEP Target Evaluation program, the
Yukon government provides successful applicants funding to support
mineral exploration activities for 50% of eligible expenditures to
a maximum of $40,000.
“We appreciate the support of the YMEP program from the Yukon
government,” stated Jason Weber, P.Geo., President and CEO.
“Interest in the Silvertip region has increased recently and Tim is
one of the significant silver targets in the area.”
For further commentary from Jason Weber view the video
here: https://www.globenewswire.com/NewsRoom/AttachmentNg/20a5acdd-f413-4432-8db8-bdbe52d09ab2
Tim Property – History
In 2013, Alianza’s predecessor, Tarsis Resources completed a
focused work program to re-evaluate a historical zone of
silver-lead rich Carbonate Replacement Mineralization (CRM)
originally exposed by mechanized trenching in 1988.
Historical chip sampling across the zone returned 352 g/t silver
and 9.12% lead across 4.00 metres. In addition to this
exposure, similar mineralization was also reported in adjacent
trenches 180 and 250 metres on either side of the central trench.
This zone has never been tested with drilling.
Tarsis’ field crew relocated the central historical trench (T-3)
in the 2013 program and exposed the main mineralized showing with
the use of hand tools. A total of 6.4 m of footwall
alteration and CRM were exposed at the base of the trench.
Three series of sawn channel samples were taken across the exposure
at approximately 1 m spacing between channels. The central
channel tested a partial exposure of footwall alteration and the
CRM while the outer channels only tested the partially exposed
CRM. A weighted average of the assays for each of the channel
series is included below.
|
Table I – Previously Released Results Central
Trench T-3 |
|
|
Channel |
Interval (m) |
Silver (g/t) |
Lead (%) |
|
|
Central |
6.40 |
220 |
4.74 |
|
|
Including |
3.70 |
365 |
7.54 |
|
|
including |
0.70 |
976 |
8.32 |
|
|
|
|
|
|
|
|
West |
2.70 |
269 |
8.23 |
|
|
including |
0.70 |
829 |
7.94 |
|
|
|
|
|
|
|
|
East |
2.50 |
280 |
10.28 |
|
|
Sample Intervals are true width |
|
Historical soil geochemical response defines three distinct
linear northwest trending silver-lead anomalies, each of which is
continuously defined for a strike length of roughly 2,000 m.
All historical trenching was conducted along the trace of the
central geochemical anomaly but the soil sample coverage was not
completed over the mineralized zone encountered in trench T-3 or
northwest along strike.
The Tim property was initially staked in 1983 to cover
silver-lead-zinc stream sediment geochemical anomalies and a
favourable geological environment with potential for
carbonate-hosted mineralization similar to that at the nearby
Midway/Silvertip Mine now owned and operated by Coeur Mining.
Soil sampling, stream sediment sampling, geophysical surveys and
trenching were carried out during the 1980’s; however the property
was not drill tested at that time. Tarsis acquired the property in
2007 and subsequently optioned it to a junior exploration company
which carried out a limited five hole diamond drill program in
2008, largely targeting Induced Polarization geophysical
anomalies. The nearest drill hole to the central trench T-3
mentioned above is located roughly 520 m away and was drilled
parallel to the interpreted downdip orientation of the mineralized
zone.
About Alianza Minerals Ltd.
Alianza employs a hybrid business 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.
The Company has 60.3 million shares issued and outstanding and
is listed on the TSX Venture Exchange (TSX-V: ANZ).
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) 687-3520 Fax: (888) 889-4874 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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