(via TheNewswire)
“We are excited to get back to the field at Haldane as early as ground conditions will allow, to continue to expand the high grade West Fault discovery. We are also eager to return to the Bighorn discovery, where a single drill hole to test this target identified a new silver bearing vein structure,” states
Management is planning airborne electromagnetic and magnetic surveys to help map lithologies, refine target structures (strike extensions and offsets) and potentially identify new target structures that may be silver bearing. This work would be followed up by trenching where applicable and diamond drilling. Drilling will target the extensions down plunge on the West Fault target where high-grade silver mineralization has been identified over an area 100 meters by 90 meters in size, and on two structural levels within the West fault structure. Drilling would aim to build on previous intersections at West fault including 1.8 metres of 818 grams per ton silver, 3.47% lead, 1.03% zinc and 3.14 metres of 1,315 grams per ton silver, 2.43% lead, 2.91% zinc (true widths). At least four holes are planned to test the extensions of this mineralization on 50 metre stepouts.
Drilling is also planned for the Bighorn target located 3 kilometers to the northwest of the West Fault. The Bighorn target was identified from soil geochemical sampling that returned anomalous values for lead and silver in soils. The only drill hole at this target returned 125.7 grams per ton silver and 4.39% lead over 2.35 metres from previously unrecognized vein structures. Trenching and groundwork in 2022 programs was able to refine targeting at Bighorn, and additional drilling will test this target for its potential to host wide, high grade silver mineralization.
Additional drilling will also target the Main and Middlecoff targets, and any targets generated from the geophysical data and trenching.
Figure 1 – West Fault Drill Plan.
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*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
Additional Projects
Drilling campaigns at Alianza’s other projects are also planned for 2023. Partner Coeur Mining has identified targets for drilling at the high grade silver – lead - zinc carbonate replacement deposit (CRD) Tim Property, under option from Alianza. Once the necessary land use permit has been received, Coeur will be able to test targets on this high grade silver target 19 km from their
Partner Allied Copper is in the process of obtaining permits for drilling at the Stateline copper project, located 8 km from the
Alianza is also seeking a partner to fund drilling at
About
Alianza employs a discovery-focused business model of joint venture funding and self-funded projects to maximize opportunity for exploration success. The Company’s primary asset is the Haldane silver project and also currently has gold, silver and base metal projects in
Alianza is listed on the
Mr.
For further information, contact:
Tel: (604) 807-7217
Fax: (888) 889-4874
To learn more visit: www.alianzaminerals.com
LinkedIn:https://www.linkedin.com/company/alianza-minerals-ltd
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