(TheNewswire)
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- Intersection within an 8.72 m widefault/vein zone averaging 311 g/t silver
- West Fault target open in alldirections
- Step-out drilling at West Fault andMiddlecoff planned for spring program
Vancouver, BC - TheNewswire - January 28, 2021 - Alianza MineralsLtd. ( TSXV:ANZ ) ( OTC:TARSF ) (“ Alianza” or the “Company” ) is pleased to report results fromthe Phase One diamond drilling program at the Company’s wholly ownedHaldane Silver Project located in the historic Keno Hill MiningDistrict of Yukon Territory. Holes HLD20-18 and HLD20-19 targeted theWest Fault, with both holes intersecting silver mineralizationincluding a core length of 16.15 m (estimated true width 8.72 m) averaging 311 g/t silver,0.89% lead and 1.13% zinc (390 g/t silver-equivalent*) . This includes a high-grade core of 818 g/t silver, 3.47% lead and 1.03% zinc(980 g/t silver-equivalent) over 3.3 m (1.78 m estimated truewidth) . The 8,579-hectare Haldane Project islocated 25 km west of Keno City, Yukon in the western portion of theKeno Hill Mining District. Alianza completed the late season drillingprogram in early December 2020. Results from the remaining two holesof this program testing the Middlecoff target are pending.
The West Fault structure, as interpreted from surfacegeology and historical drilling, is over 1,750 m in strike length. Drilling to date has successfully intersected the West Fault over afraction of this strike length and the target remains open in alldirec tions. Thehigh-grade results from HLD20-19 now allow for additional vectoringalong possible high-grade ore-shoot orientations.
“ The breadthand grade of silver mineralization encountered at the West Faultindicates that this target, and the Haldane Project as a whole, hasthe potential to host silver deposits comparable to others in thegreater Keno Distric t ,” stated JasonWeber, P.Geo., President and CEO of Alianza. “With these results, the West Fault isproving to be a robust structure with high-grade silver oversubstantial widths. The West Fault will be a primary target of our2021 drilling campaign.”
The 2020 program at the West Fault was designed tofollow up on a 2011 intersection of 320 g/tsilver, 1.12 g/t gold,0.67% lead and 0.86% zinc over 2.20 m obtainedby a prior operator . HLD20-19 intersected 16.15 metres of heavilybroken and faulted mineralization in the vein structure and adjacentfootwall crackle breccia. HLD20-19 intersected the target structure 39m along strike and 55 m down dip of the 2011 intersection. Much of thestructure is heavily fractured and broken, but fragments of sulphidevein (galena, sphalerite +/- sulphosalts) in an iron-manganesecarbonate matrix are evident. This is most apparent in a 4.48 m(estimated true width) intersection averaging 444 g/t silver, 1.54%lead, and 1.34% zinc.
HLD20-18 tested the West Fault 18 m along strike and 27m down dip of the 2011 hole. HLD20-18 returned 96 g/t silver, 0.15%lead and 0.73% zinc over 3.73 m (estimated true width) from awell-defined structure dominated by iron-manganese carbonate gangue.
2020 Significant Drill Intersections– West Fault Target
Hole | From (m) | To (m) | Core Length (m) | Estimated True Width (m) | Silver (g/t) | Gold (g/t) | Lead (%) | Zinc (%) | Silver-Equivalent (g/t)* |
HLD20-18 | 246.85 | 248.00 | 6.80 | 3.73 | 96 | 0.15 | 0.15 | 0.73 | 140 |
HLD20-19 | 225.50 | 226.01 | 0.51 | 0.28 | 226 | 0.02 | 4.61 | 25.90 | 1347 |
and | 246.85 | 263.00 | 16.15 | 8.72 | 311 | 0.11 | 0.89 | 1.13 | 390 |
including | 252.00 | 260.30 | 8.30 | 4.48 | 444 | 0.15 | 1.54 | 1.34 | 554 |
including | 257.00 | 260.30 | 3.30 | 1.78 | 818 | 0.20 | 3.47 | 1.03 | 980 |
Analytical values have been rounded.
*Silver-equivalent values are calculated assuming 100%recovery using the formula: ((20 * silver (g/t) / 31.104) + (1650 *gold (g/t) / 31.104) + (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.
Maps and cross-sections can be found below and on theCompany’s website at www.alianzaminerals.com/project/haldane/ .
Figure 1 : West Fault PlanView
Figure 2 : West Fault - HLD20-18 and-19 Cross Section – View looking 050?, +/- 25 metres.
Live Online Presentation Today
Executive Chairman, Mark Brown and CEO Jason Weber willbe participating in Renmark Financial Communications Inc.’s liveVirtual Non-Deal Roadshow Series to discuss these results today(January 28, 2021) at 11:00 PM PST. Alianzawelcomes stakeholders, investors, and other individual followers toregister and attend this live event.
Registration for the live event may be limited butaccess to the replay after the event will be on the Company’swebsite.
REGISTER HERE : https://talk-deck.com/info/live-register/?283!ut9dx30v1dy
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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, Nevada and Peru.Alianza currently has one project (Tim, Yukon Territory) optioned outto Coeur Mining, Inc. and is actively seeking partners on otherprojects.
The Company is listed on the TSX Venture Exchange underthe symbol “ANZ” and trades on the OTC market in the US under thesymbol 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 NEWSRELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDINGSTATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OREXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS.FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARESUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCEEXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARYMATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKINGSTATEMENTS.
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