(TheNewswire)
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- Intersection within a 3.14metre-wide breccia/fault/vein zone averaging 1,351 g/t silver
- West Fault target remains open inall directions
- Drilling at West Fault ongoing withonly 150 metres of the 1,100 metre-long structure havingbeen tested
Vancouver, BC - TheNewswire - July 12, 2021 - Alianza MineralsLtd. ( TSXV:ANZ ) ( OTCQB:TARSF ) (“ Alianza” or the “Company” ) is pleased to report the firstanalytical results from the 2021 drilling campaign at the Company’swholly-owned Haldane high-grade silver property located in thehistoric Keno Hill Mining District of Yukon Territory. Drilling hasfocused on the West Fault target where drill hole HLD21-24 intersectedsiderite-galena-sphalerite vein and breccia mineralization averaging 3,267 g/t silver, 5.80% leadand 7.02% zinc (3,720 g/t silver-equivalent (2) ) over 2.1 metres (estimated true width of1.26 metres) . This high-grade mineralizationlies within a wider zone of siderite veining and brecciation, faultgouge with lesser galena and sphalerite which averaged 1,351 g/t silver, 2.43% lead and 2.91% zinc(1,542 g/t AgEq) over 5.24 metres (estimated true width 3.14metres) . The 8,579 hectare Haldane Property islocated in the western portion of the Keno Hill Silver District, 25kilometres west of Keno City, YT. Exploration at Haldane is targetingextensions of historical high-grade silver production on the propertyas well as recently defined targets, such as the West Fault, in newareas of the property.
“The result in HLD21-24 extends the high grademineralization from HLD20-19 an additional 80 metres to the southwestand down dip,” stated Rob Duncan, VP Exploration for Alianza. “Thehigh-grade nature of this intersection is indicative of the potentialof this target and other targets at Haldane. We have only scratchedthe surface of the 1.1 km long West Fault structure.”
Table 1 –West Fault Target DrillIntercepts from HLD21-24
Hole | Interval (m) | Est True Width (m) (1) | Silver (g/t) | Gold (g/t) | Lead (%) | Zinc (%) | Silver Eq. (2) (g/t) |
HLD21-24 | 5.24 (3) | 3.14 | 1351 | 0.08 | 2.43 | 2.91 | 1542 |
Including | 2.10 | 1.26 | 3267 | 0.11 | 5.80 | 7.02 | 3720 |
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(1) Truewidth of the vein and breccia mineralization is estimated to be 50-70%of the core length intersection. A value of 60% is used for thepurposes of reporting.
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(2) Silver-equivalent values are calculated assuming 100%recovery using the formula: ((20 * silver (g/t) / 31.1035) + (1650 *gold (g/t) / 31.1035) + (0.90 * 2204 * lead %/100) + (1.10 * 2204 *zinc %/100)) *(31.1035 / 20). Metal price assumptions are US$20/ozsilver, US$1650/oz gold, US$0.90/lb lead and US$1.10/lb zinc.
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(3) Corerecovery is estimated at 70-75% with the exception of a 0.80 metresection where recovery was zero. A value of zero was assigned tosilver, gold, lead and zinc for the section of zero core recovery forthe purposes of composite interval calculations.
The West Fault structure in HLD21-24 was intersectedover a 13 metre core length of fractured quartzite, fault gouge andbrecciation. Mineralization is concentrated within a 2.1 metre sectionof massive siderite veining with approximately 10% galena and 10%sphalerite as cross cutting veins and masses. A few metres either sideof the vein consists of fault gouge, highly fractured and brecciatedquartzite with siderite veinlets with 1-2% sphalerite and tracedisseminated galena. Recovery throughout the quoted intervals averagesapproximately 70-75% with the exception of an 80 centimetre intervalabove the 2.1 metre high grade section, where recovery was zero.
Samples from three additional holes targeting the WestFault are in process at the laboratory. Drilling continues at the WestFault and is expected to continue through mid July.
The West Fault structure is traced for over 650 metresand can be interpreted to extend to 1.1 kilometres in length beforemerging with the 2.2 kilometre-long Main Zone structure. Drilltesting to date covers only a fraction of the West Fault target andthe current program is systematically testing the structure in approximate 50 metre step-outs along strike anddown dip. High grade silver mineralization has now been intersected intwo holes that pierce the vein 80 metres apart. The West Fault is oneof four high-priority silver-lead-zinc-bearing vein drill targets atHaldane.
Quality Assurance / QualityControl
All samples were analyzed by 33 element four aciddigestion ICP-MS methods at ALS Canada Ltd. Sample preparation wascompleted in Whitehorse, Yukon and geochemical analyses were performedin Vancouver, British Columbia. Samples with over limit silver andgold were re-analyzed using a 30-gram fire assay fusion with agravimetric finish. Over-limit lead and zinc samples were analyzed byfour acid digestion and atomic absorption spectrometry. All resultshave passed the QA/QC screening by the lab Equity ExplorationConsultants Ltd, of Vancouver, British Columbia is executing andmanaging the Haldane Project. Equity utilized a quality control andquality assurance protocol for the drill core sampling, includingblank, duplicate, and standard reference samples.
About Alianza Minerals Ltd.
Alianza employs a hybrid business model of jointventure funding and self-funded projects to maximize opportunity forexploration success. The Company currently has gold, silver and basemetal projects in Yukon Territory, British Columbia, Colorado, Nevadaand Peru. Alianza currently has one project (Tim, Yukon Territory)optioned out to Coeur Mining, Inc. and a copper exploration alliancein the southwestern United States with Cloudbreak Discovery PLC.Alianza also is seeking partners on other projects.
The Company is listed on the TSX Venture Exchange underthe symbol “ANZ” and trades on the OTCQB market in the US underthe symbol “TARSF”.
Mr. Jason Weber, P.Geo., President and CEO of AlianzaMinerals Ltd. is a Qualified Person as defined by National Instrument43-101. Mr. Weber supervised the preparation of the technicalinformation contained in this release.
For further information, contact:
Jason Weber, President and CEO Sandrine Lam, Shareholder Communications Tel: (604) 807-7217 Renmark Financial Communications Inc. Melanie Barbeau mbarbeau@renmarkfinancial.com Tel: (416) 644-2020 or (514) 939-3989 To learn more visit: www.alianzaminerals.com |
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONSERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXVENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACYOF THIS RELEASE. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELYHISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'SFUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDEFORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ONNUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS ANDUNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS ARESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THEFORWARD-LOOKING STATEMENTS.
Haldane Project - West Fault TargetPlan Map
Haldane Project – West Fault Drilling Cross SectionLooking Northeast. HLD21-24intersection projected 50 m to the northeast onto the same section asHLD20-18, -19
Haldane Project – West Fault Inclined Long Section. Long-Section view lookingsoutheast. Section cut in the plane of the West Fault
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