(TheNewswire)
Vancouver, BC - TheNewswire - January 11, 2023 - Alianza Minerals Ltd.(“Alianza”) (TSXV:ANZ ) ( OTC:TARSF) is pleased to announce that its proposal fordrilling at the Twin Canyon Project in southwest Colorado has beenapproved by the United States Forest Service and the Colorado Divisionof Reclamation, Mining and Safety, subject to certain standardoperating conditions and placement of a $18,104 bond. Alianza has nowreceived all necessary permits to conduct a proposed 13 hole drillprogram from 8 drill pads, totalling approximately 3,950 metres ofdrilling.
“Mineralization at Twin Canyon is centred on theCharlene Mine, where ’several thousand‘ ounces of gold werereportedly mined from bleached and altered sandstones in the 1980s,”stated Rob Duncan, M.Sc., Vice President, Exploration for Alianza.“Alianza’s work has identified the same gold bearing sandstonesover a distance of 3000 metres of strike length in the vicinity of theCharlene Mine, greatly expanding the exploration potential of thisdistrict. The proposed drill program will test this prospectivestratigraphy with the goal of demonstrating a large scale goldmineralizing system at Twin Canyon.”
Exploration at Twin Canyon has targeted disseminated native goldmineralization associated with a bleached sandstone spotted withbitumen, with small amounts of limonite after pyrite. Optical andmicroprobe work carried out on mineralized samples indicate a directgold – bitumen association raising the novel possibility that themineralizing process at Twin Canyon is driven by those associated withpetroleum basin development. A small underground gold mine (theCharlene Mine) operated at Twin Canyon dating back to the mid-1950s.Historic sampling of the underground workings has returned grabsamples ranging from 0.1 to 15.77 g/t gold. Twenty-eight historicchannel samples 1.5 to 10 metres in length were anomalous in gold,eight of which exceeded 2 g/t gold (including a highlight of 8.1 g/tgold over 3 metres). Recent work, including mapping and soil and rockgeochemical sampling expanded the prospective strike length of theprospective gold bearing sandstone unit to over 3000 metres, withregional potential for expansion of the target laterally as well as todeeper stratigraphic levels.
Alianza is seeking a partner to fund the next phase of work and willbe entering into discussions with prospective partners through thefirst quarter of 2023.
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 currently has gold, silver and basemetal projects in Yukon Territory, British Columbia, Colorado, Nevadaand Peru. Alianza has one project (Tim, Yukon Territory) optioned outto Coeur Mining, Inc. and two optioned to Allied Copper within analliance with Cloudbreak Discovery PLC. Alianza is actively seekingpartners on other projects. Alianza also holds certain royalties onprojects in North and South America.
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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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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