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Alianza drills 3,267 g/t silver in Yukon

Expands emerging West Fault zone at Keno District project North of 60 Mining News – July 16, 2021

Alianza Minerals Ltd. July 12 announced it has cut very high-grade silver mineralization at the West Fault target on its Haldane silver project in the Yukon's historic Keno Hill Mining District.

Situated about 25 kilometers (16 miles) west of Keno City, the 8,579-hectare (21,200 acres) Haldane property hosts a historical mine that produced roughly 24.7 metric tons of hand-sorted ore averaging 3,102 grams per metric ton (99.7 ounces per metric ton) silver and 59% lead on the south side of Bighorn Creek. A vein on the north side of Bighorn Creek produced another 2.1 metric tons of hand-sorted ore averaging 4,602 g/t (148 oz/t) silver and 57.9% lead in 1926 and 1927.

West Fault is about 1,000 meters north of the historic mining areas at Haldane.

Hole HLD20-19, drilled at West Fault last year, cut 16.15 meters (8.7 meters estimated true-width) averaging 311 grams per metric ton silver from a depth of 246.9 meters, including 3.3 meters (1.8 meters estimated true-width) averaging 818 g/t silver.

This year's drilling has tapped even higher-grade mineralization at this emerging target at Haldane.

Hole HLD21-24 cut 5.24 meters (3.14 meters estimated true width), averaging 1,351 g/t silver, 2.9% zinc and 2.4% lead, including 2.1 meters (1.26 meter true-width) averaging 3,267 g/t silver, 7% zinc and 5.8% lead.

"The result in HLD21-24 extends the high-grade mineralization from HLD20-19 an additional 80 meters to the southwest and down dip," said Alianza Minerals Vice President of Exploration Rob Duncan. "The high-grade nature of this intersection is indicative of the potential of this target and other targets at Haldane. We have only scratched the surface of the 1.1-kilometer-long West Fault structure."

The ongoing drilling at West Fault is systematically testing the structure with roughly 50-meter step-outs along strike and down-dip.

West Fault is one of four high-priority silver-zinc-lead-bearing vein drill targets at Haldane.

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Shane Lasley, Publisher

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Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.


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