(TheNewswire)
Vancouver, BC - TheNewswire - December 12, 2022 - Alianza Minerals Ltd. (TSXV: ANZ ) ( OTC:TARSF) (“ Alianza ” or the “ Company ”) is pleased to announce anon-brokered private placement of 20 million “Flow-Through” Sharesof the Company at a price of C$0.05 per Share for gross proceeds tothe Company of up to $1 million (the “ Offering ”).
The proceeds from the sale of the Flow-Through Shares shall be spenton exploration (“Canadian Exploration Expenditures” as defined bythe Income Tax Act of Canada) at the Company’s Haldane SilverProject in the Keno Hill District, Yukon. Previous drilling on theHaldane Silver Project recently discovered high-grade silvermineralization (including HLD20-19 which hit 4.48 metres averaging 444 g/t silver, 0.15g/t gold, 1.5% Pb and 1.3% Zn and hole 21-24 which hit 3.14 metres averaging 1,351 g/t silver,0.08 g/t gold, 2.43% Pb and 2.91% Zn ). Mineralization atHaldane resembles that historically mined from Keno Hill Districtdeposits in grade and style. Drilling in 2023 will target theexpansion of the West Fault target as well as other targets such asthe Bighorn discovery, where the only drill hole to test this targetdiscovered new Keno-style vein mineralization.
Jason Weber, P.Geo., President and CEO of Alianza commented, “We arevery pleased with the support from our shareholders and investors, whoare as eager as we are to advance the exploration programs at Haldaneand continue to expand the potential for high grade silver deposits inone of the world’s highest grade silver districts.”
The closing of the Offering is expected to occur on or about December20, 2022 and is subject to receipt of all necessary regulatoryapprovals including the TSX Venture Exchange (the “TSX-V”).Finder’s fees of 7% in cash will be paid to eligible parties. Thecommon shares issued with respect to the Offering will be subject to ahold period of four months and one day in accordance with applicablesecurities laws.
This news release does not constitute an offer of securities for salein the United States. The securities being offered have not been, norwill they be, registered under the United States Securities Act of1933, as amended, and such securities may not be offered or soldwithin the United States absent U.S. registration or an applicableexemption from U.S. registration requirements.
About Alianza Minerals Ltd.
Alianza is a discovery focused minerals exploration company, workingto provide metals for the modern economy following best ESG practices.Alianza has ongoing exploration programs at the 100% owned flagshipHaldane Silver Project in the prolific Keno Hill District, YukonTerritory. Additionally, the Company has a portfolio of gold, silverand base metal projects in Yukon Territory, British Columbia,Colorado, and Nevada. Alianza has one silver project (Tim, YukonTerritory) optioned to Coeur Mining, Inc., two copper projects(Klondike and Stateline, Colorado) optioned to Allied Copper Corp. andis actively seeking partners to advance other projects. Alianza alsoholds certain royalties on projects in North and South America.
The Company is listed on the TSX Venture Exchange under the symbol“ANZ” and trades on the OTCQB market in the US under the symbol“TARSF”.
Mr. Jason Weber, P.Geo., President and CEO of Alianza Minerals Ltd. isa Qualified Person as defined by National Instrument 43-101. Mr. Webersupervised the preparation of the technical information contained inthis release.
For further information,contact:
Jason Weber, President and CEO
Sandrine Lam, Shareholder Communications
Tel: (604) 807-7217
Fax: (888) 889-4874
To learn more visit: www.alianzaminerals.com
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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.
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