Alianza Minerals begins KRL Gold Property exploration program
22 Agosto 2019 - 12:38PM
Alianza Minerals Ltd. (
TSX-V:
ANZ) (
OTC: TARSF)
(“
Alianza” or the
“Company”)
reports that crews have commenced exploration targeting high-grade
gold vein mineralization at the KRL Property, Golden Triangle,
British Columbia. Initial sampling in 2018 returned high-grade gold
values from the KRL showing, including 122 g/t gold from a 50
cm-wide quartz vein. The KRL Property is located in British
Columbia’s prolific Golden Triangle, adjacent to Aben Resources’
Forrest Kerr Gold project. The property lies near the junction of
McLymont Creek and the Iskut River, approximately 5 km from the
McLymont Creek and Forrest Kerr power generation plants. Road
access exists less than 2 km from the property boundary.
“Our 2019 program at KRL is focussing on
establishing the context of the high-grade gold-bearing quartz
veins identified at the KRL showing by previous workers,” stated
Jason Weber, President and CEO of Alianza Minerals. “Geological
mapping and soil and rock geochemical sampling will investigate the
potential for additional and more extensive veining and for
additional styles of mineralization at this early stage project
which was recently acquired by Alianza.”
Previous work at KRL dates back to the late
1980’s and includes hand trenching of quartz veins 10 – 100 cm in
width (generally 10-50 cm wide) and exposed for as much as 60
metres on strike before becoming obscured under talus. Results of
this historic work include a series of five samples, collected on
one-metre spacings yielding 56.01, 35.93, 122.86, 194.23 and 64.04
g/t gold over 50-70 cm (trench 1). Another vein, sampled
approximately 10 metres to the northwest, returned 248.1 g/t gold
over its 10 cm width, and another at 229.47 g/t gold from a nearby
10 cm sample. At least 11 veins have been identified over a 400 m
by 600 m area. Most veins are steeply-dipping with a north-westerly
strike.
The 2019 program will investigate areas west and
north of known mineralization, which is largely located above
treeline. Prospecting, mapping and soil geochemical sampling will
target prospective areas, especially where overburden and
vegetation may obscure mineralization. This work will try to
identify further vein mineralization as well as potential for
additional styles of mineralization known to exist in the Golden
Triangle. It is expected that it will take crews 10 days to execute
the program. One of the key goals of this exploration program is to
determine if the project has potential to expand the area of known
high grade mineralization which would make it more attractive to
potential earn-in partners.
Alianza has an option to earn a 100% interest in
the property by conducting $2.25 million in exploration on the
property over 5 years, issuing 800,000 shares of Alianza staged
over five years (100,000 shares already issued), and by making
staged cash payments totalling $250,000 over four years to
prospector Bernie Kreft.
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.com Tel: (416) 644-2020 or (514)
939-3989www.renmarkfinancial.com
To learn more visit:
www.alianzaminerals.com
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