(TheNewswire)
Vancouver, BC – TheNewswire - January 30, 2023 - Alianza Minerals Ltd.(“Alianza”) (TSXV:ANZ ) , ( OTC:TARSF) ispleased to provide an outline of drilling and other explorationactivities planned for the Haldane silver project in the historic KenoDistrict, Yukon Territory. Work will include airborne electromagneticand magnetics surveys and drilling at the high grade West Fault silverdiscovery and the emerging Bighorn silver target.
“We are excited to get back to the field at Haldane as early asground conditions will allow, to continue to expand the high gradeWest Fault discovery. We are also eager to return to the Bighorndiscovery, where a single drill hole to test this target identified anew silver bearing vein structure,” states Jason Weber, Presidentand CEO of Alianza Minerals. “Only 27 holes have been drilled fromsurface on the entire Haldane property, testing only a small fractionof the 12 km of cumulative strike length of silver bearing structureswe have identified to date. Alianza’s drilling has only testedapproximately 400 metres of cumulative strike length, leaving plentyof room for expansion of known mineralization and discovery of newhigh grade silver zones.”
Management is planning airborne electromagnetic and magnetic surveys to help map lithologies, refine target structures(strike extensions and offsets) and potentially identify new targetstructures that may be silver bearing. This work would be followed upby trenching where applicable and diamond drilling. Drilling willtarget the extensions down plunge on the West Fault target wherehigh-grade silver mineralization has been identified over an area 100meters by 90 meters in size, and on two structural levels within theWest fault structure. Drilling would aim to build on previousintersections at West fault including 1.8 metres of 818 grams per tonsilver, 3.47% lead, 1.03% zinc and 3.14 metres of 1,315 grams per tonsilver, 2.43% lead, 2.91% zinc (true widths). At least four holes areplanned to test the extensions of this mineralization on 50 metrestepouts.
Drilling is also planned for the Bighorn target located3 kilometers to the northwest of the West Fault. The Bighorn targetwas identified from soil geochemical sampling that returned anomalousvalues for lead and silver in soils. The only drill hole at thistarget returned 125.7 grams per ton silver and 4.39% lead over 2.35metres from previously unrecognized vein structures. Trenching andgroundwork in 2022 programs was able to refine targeting at Bighorn,and additional drilling will test this target for its potential tohost wide, high grade silver mineralization.
Additional drilling will also target the Main andMiddlecoff targets, and any targets generated from the geophysicaldata and trenching.
Figure 1 – West Fault Drill Plan.
*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.
Additional Projects
Drilling campaigns at Alianza’s other projects are also planned for2023. Partner Coeur Mining has identified targets for drilling at thehigh grade silver – lead - zinc carbonate replacement deposit (CRD)Tim Property, under option from Alianza. Once the necessary land usepermit has been received, Coeur will be able to test targets on thishigh grade silver target 19 km from their Silvertip Mine project.
Partner Allied Copper is in the process of obtaining permits fordrilling at the Stateline copper project, located 8 km from the LisbonValley Copper Mine on the Utah/Colorado state line. Permits are soughtfor a 6-hole campaign testing the same stratigraphy hosting the LisbonValley deposits. Management will be meeting with Allied Copper in thenear term to discuss follow up drilling at Klondike, where 2022drilling identified high grade copper mineralization on an interpretedsplay off of the main West Graben Fault (4.26% copper over 1.06metres). Drilling in 2022 did not reach the main strand of the WestGraben Fault, and it remains a priority target for coppermineralization at Klondike.
Alianza is also seeking a partner to fund drilling at Twin Canyon, adisseminated gold target in southwestern Colorado, where drillingpermits were recently approved.
About Alianza Minerals Ltd.
Alianza employs a discovery-focused business model of joint venturefunding and self-funded projects to maximize opportunity forexploration success. The Company’s primary asset is the Haldanesilver project and also currently has gold, silver and base metalprojects in Yukon Territory, Colorado, Nevada and Peru. Alianza hasone project (Tim, Yukon Territory) optioned out to Coeur Mining, Inc.and two optioned to Allied Copper within an alliance with CloudbreakDiscovery PLC. Alianza is actively seeking partners on other projects.Alianza also holds certain royalties on projects in North and SouthAmerica.
Alianza 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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