Alianza Minerals Ltd. (“Alianza”) (TSX-V: ANZ, OTCQB: TARSF) is pleased to announce that crews have commenced exploration work at the 100% owned Haldane Silver Project in the historic Keno Hill District in Yukon Territory. This first phase program will consist of mapping, prospecting and trenching of targets in preparation for drill testing. The 8,579 hectare Haldane project is located in the western portion of the Keno Hill silver district, 25 kilometres west of Keno City, Yukon. Exploration at Haldane is investigating the extensions of historical high-grade silver production on the property as well as recently defined targets, such as the West Fault where Alianza is outlining high-grade silver mineralization which recently returned 3.14 m (true width) averaging 1,351 g/t silver, 2.43% lead and 2.91% zinc in drilling.
“Our recent success with the discoveries of new silver-bearing vein mineralization at new targets such as Bighorn and West Fault compels us to examine other high-priority targets to prepare them for drilling,” stated Rob Duncan, M.Sc., Vice President, Exploration for Alianza. “This same approach led to the discovery of silver-bearing vein mineralization at Bighorn in 2019 in our first drill hole testing a soil geochemical anomaly, yielding four new mineralized veins. We believe there are more Bighorns to be found.”
The current program will investigate four areas with potential for traditional “Keno-style” carbonate-silver-bearing sulphide vein mineralization in the Basal Quartzite member of the Keno Hill Quartzite formation, as seen at the Middlecoff and West Fault zones at Haldane and similar to that which comprises ore at the nearby Keno Hill mine and surrounding deposits recently purchased by Hecla Mining. Targets may also be prospective for gold mineralization in the Sourdough member of the Keno Hill Quartzite formation, which sits stratigraphically above the Basal Quartzite member. Other explorers in the district such as Banyan Gold have recently been successful in identifying gold deposits within this unit.
Four areas are targeted for prospecting, mapping and trenching in the current program:
1) Sundown – a large gold – arsenic soil geochemical anomaly with some silver and antimony within Sourdough member.
2) Bighorn Anomaly – Exploration will focus on the upper margins of this 900 metre long silver-lead anomaly over its entire width to optimize the location of a follow up drill hole to expand on the 2.35 m of 125.7 g/t silver, 4.39% lead and 0.09% zinc intersection from 2019 drilling.
3) Bighorn East – Field crews will investigate a soil anomaly (and anomalous spotty soil anomalies) between Bighorn East and the Middlecoff area.
4) Ross – West anomaly – Ross West is 1,800 m west of the original Ross soil geochemical anomaly (originally tested in 2019 without intersecting an explanation for the soil anomaly), located on the Haldane access road. Crews have defined a more cohesive anomaly than Ross, measuring 400 m x 300 m and consisting of Sb-Au-As-Bi within Sourdough member rocks.
About the Haldane Property
The Haldane Property is located in the western portion of the Keno Hill silver district, approximately 25 km west of Keno City. Exploration is targeting high grade silver mineralization similar to that which comprises ore elsewhere in the district, and in particular, at the Keno Mine deposits owned by Hecla Mining. Silver mineralization was originally identified in the early 1900s at Haldane, with high grade silver production reported in the 1915-1930 timeframe. Alianza has made two significant new vein discoveries, most notably, the West Fault where high grade silver vein mineralization has been identified over an area of 100 by 90 metres in drilling. Additional earlier stage targets also exist on the property with the potential for silver and gold mineralization.
About Alianza Minerals Ltd.
Alianza employs a discovery-focused business model of joint venture funding and self-funded projects to maximize opportunity for exploration success. The Company currently has gold, silver and base metal projects in Yukon Territory, British Columbia, Colorado, Nevada and Peru. Alianza has one project (Tim, Yukon Territory) optioned out to Coeur Mining, Inc. and is actively seeking partners on other projects.
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. is a Qualified Person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this release.
For further information, contact:
Jason Weber, President and CEO
Sandrine Lam, Shareholder Communications
Tel: (604) 807-7217
Fax: (888) 889-4874
Renmark Financial Communications Inc.
Tel: (416) 644-2020 or (212) 812-7680
To learn more visit: www.alianzaminerals.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY’S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.