Alianza Announces Results From Phase I Haldane Silver Property Work Program and Phase II Drilling Startup
08 Agosto 2019 - 8:00AM
Alianza Minerals Ltd. (TSX-V: ANZ OTC:
TARSF) (“
Alianza” or the
“
Company”) reports results of Phase I of the 2019
field program and the scheduled start of Phase II drilling at the
Haldane Property, a high-grade silver target in the historic Keno
Hill Mining District of Yukon Territory.
Phase I of the program consisted of soil
geochemical sampling, mapping and trenching designed to refine
targets for drilling which will commence in the second week of
August. The 8,579 hectare Haldane Property is located 25 km west of
Keno City, YT in the western portion of the Keno Hill Silver
District.
“New targets generated during the 2018 field
program remain as priority targets for drilling in our phase II
program,” stated Jason Weber, P.Geo, president and CEO of Alianza.
“The Phase II program is the first drill test of these new targets
and their potential to host high-grade silver veins as seen
elsewhere in the Keno District.”
The 2019 Phase I program targeted three main
areas: the newly identified Bighorn and Ross anomalies and the Mt
Haldane Vein System (MHVS). Trenching was completed at the Bighorn
and MHVS areas, with four trenches totaling 213 metres excavated.
Mineralized faults mapped at the Bighorn target were strongly
weathered at surface but returned anomalous lead and silver values.
Continuous chip samples in trench BH02 returned 0.25% lead and 9.6
g/t silver over 10.9 metres, which included fault and heavily
fractured and oxidized host rocks. Similar anomalous results were
returned from trench BH01, 60 metres south. Significantly, soil
geochemical results from the current program collected 300 metres
south of BH01 on strike from the trenches returned 63 g/t silver
and greater than 1% lead, suggesting high grade mineralization may
be present. The series of parallel north-south structures that have
been mapped coincident with the Bighorn geochemical anomaly (now
900 m long and 120-150 m wide) may be better tested by
drilling.
The Phase II program is scheduled to commence in
the second week of August with drill mobilization occurring on or
about August 14th. The initial holes will target the Ross and
Bighorn anomalies, followed by drilling at the Middlecoff Zone at
the Mount Haldane Vein System to target the modelled plunge of
high-grade shoots in historic workings. Approximately 1,300 metres
of drilling is planned in as many as eight holes.
Options Granted
Alianza has granted 2,015,000 stock options to
its Directors, Officers, Employees and Consultants exercisable at
$0.10 per option for a period of five years.
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. Alianza currently has four 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 81.2 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 CommunicationsTel:
(604) 687-3520Fax: (888) 889-4874
Renmark Financial Communications Inc.Melanie Barbeau:
mbarbeau@renmarkfinancial.comTel: (416) 644-2020 or (514)
939-3989www.renmarkfinancial.com To learn more
visit: www.alianzaminerals.com
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Alianza Minerals (TSXV:ANZ)
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Alianza Minerals (TSXV:ANZ)
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