Alianza prospects show exciting results
Mining Explorers 2021 - January 27, 2022
Last updated 1/26/2022 at 4:16pm
Alianza Minerals Ltd. continues to expand upon the high-grade silver potential on its properties in the Yukon and Northern British Columbia.
In the Yukon, this Vancouver, BC-based explorer has made significant headway at its Haldane silver project about 25 kilometers (16 miles) west of Keno City. In February, the company received the final drill results from its late 2020 drill program with the completion of two holes in each of the West Fault and Middlecoff targets at Haldane.
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 silver and 59% lead on the south side of Bighorn Creek.
West Fault is a new zone located at the northwest end of the Mount Haldane Vein System, a fault and vein system about 2,500 meters southeast of Bighorn.
The results at West Fault boosted morale for the planned second phase of the drill program that began in April, with hole HLD20-19 cutting 16.15 meters (8.7 meters estimated true-width) averaging 311 g/t silver from a depth of 246.9 meters, including 3.3 meters (1.8 meters true-width) averaging 818 g/t silver.
"The breadth and grade of silver mineralization encountered at West Fault indicates that this target, and the Haldane project as a whole, has the potential to host silver deposits comparable to others in the greater Keno District," Alianza Minerals President and CEO Jason Weber said at the onset of the program. "The West Fault will be a primary target of our 2021 drilling campaign."
And the focus has been worthwhile, as last year's drilling tapped even higher-grade mineralization at the emerging target.
Hole HLD21-24 cut 5.24 meters averaging 1,351 g/t silver, 2.9% zinc and 2.4% lead, including 2.1 meters averaging 3,267 g/t silver, 7% zinc and 5.8% lead.
Along with the expanding success of the West Fault target, Coeur Mining Inc. carried out its initial exploration of Alianza's Tim silver property in southern Yukon during the 2021 season.
Tarsis Resources Ltd., a predecessor to Alianza, completed a focused work program in 2013 to re-evaluate this historical zone of silver- and lead-rich mineralization. This work included resampling of the central trench, which returned 365 g/t silver and 7.5% lead across a 3.7-meter channel sample.
Under a 2020 option agreement, Coeur can earn an 80% interest in the Tim property by funding C$3.55 million in exploration over five years and paying C$575,000 to Alianza in scheduled cash payments over eight years. Coeur must also fund a feasibility study and notify Alianza of its intention to develop a commercial mine on the property on or before the eighth anniversary of receiving the primary permit needed to begin exploration.
With the promising results and option agreement, Alianza Minerals is well situated for continued exploration.