(TheNewswire)
Vancouver, BC - TheNewswire - December 14, 2022 - Alianza Minerals Ltd.(“Alianza”) (TSXV:ANZ ) , ( OTC:TARSF) ispleased to announce that crews have completed exploration work at the100% owned Haldane Silver Project in the historic Keno Hill Districtin Yukon Territory. The program was successful in extending the strikelength of the BT structure at the Bighorn Target to 525 metres inlength, with at least 1,400 metres of potential strike length exposurewithin prospective Basal Quartzite unit rocks. This program upgradesthis target in terms of drilling priority for 2023. The 8,579 hectareHaldane project is located in the western portion of the Keno Hillsilver district, 25 kilometres west of Keno City, Yukon. Explorationat Haldane is investigating the extensions of historical high-gradesilver production on the property as well as recently defined targets,such as the West Fault where Alianza is outlining high-grade silvermineralization which recently returned 3.14 m (true width) averaging 1,351 g/t silver, 2.43% lead and 2.91%zinc in drilling.
“The BT structure at Bighorn now rivals otherpriority targets such as West Fault and Middlecoff in observed andpotential strike length,” stated Rob Duncan, M.Sc., Vice President,Exploration for Alianza. “The presence of silver-lead mineralizationin the first and only drill hole at Bighorn in 2019 is veryencouraging and indicates there is a strong possibility of thisstructure being a significant host to silver mineralization.”
Four target areas were investigated in the 2022 program, Bighorn,Sundown, Bighorn East and Ross West. Field work at Bighorn targetedthe extension of known mineralization identified in surface trenchesand diamond drilling in 2019. This hole (HLD19-15) was the first testwithin a 900 metre long silver-lead soil geochemical anomaly,intersecting four separate structures in drilling, with one yielding2.35 m of 125.7 g/t silver and 4.39% lead. Trench BHU3 intersectedfaulted quartzites and schists of the Basal Quartzite Member of theKeno Hill Formation approximately 250 m south of HLD19-15. Nosulphides remain, but sampled oxide mineralization from a 2 m chipsample returned 32.7 g/t silver. This structure, now termed the BTstructure, has been identified indrilling and in surface trenching over 525 metres of strike lengthwith at least 1,400 metres of strike potential in thefavourable Basal Quartzite Member host rocks. Importantly, furtherpotential to expand the BT structure strike exists where the faultcontinues within the Basal Quartzite under cover of the overlyingSourdough Member. In light of these encouraging results, Alianza haselevated the Bighorn target as a priority for drill testing in 2023,along with the West Fault.
Crews were unable to identify the source of anomalous soil geochemicalresults, largely due to the depth of overburden and a lack of outcropat the Sundown and Ross West target areas. At Bighorn East intrusivesills and dykes identified in the area were not precious metalsbearing.
About the Haldane Property
The Haldane Property is located in the western portion of the KenoHill silver district, approximately 25 km west of Keno City.Exploration is targeting high grade silver mineralization similar tothat which comprises ore elsewhere in the district, and in particular,at the Keno Mine deposits owned by Hecla Mining. Silver mineralizationwas originally identified in the early 1900s at Haldane, with highgrade silver production reported in the 1915-1930 timeframe. Alianzahas made two significant new vein discoveries, most notably, the WestFault where high grade silver vein mineralization has been identifiedover an area of 100 by 90 metres in drilling. Additional earlier stagetargets also exist on the property with the potential for silver andgold mineralization.
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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