TSXV:ANZ

Alianza Minerals Releases Horsethief Results of Final Four Holes

(TheNewswire)



Alianza Minerals Ltd. (TSXV:ANZ) (OTC:TARSF) ("Alianza" or the "Company") reports that the gold results have been received for the final four holes of the ten-hole reverse circulation drilling program completed in August at the Horsethief Gold Property, Nevada. This work was funded by partner Hochschild Mining (US), a subsidiary of Hochschild Mining PLC ("Hochschild", LSE:HOC) under an option to earn a 60% interest in the project by funding exploration expenditures of US$5 million over 5.5 years

HT20-009 at the Stallion target yielded a 76 metre intersection from surface of anomalous gold results up to 0.185 g/t from individual 1.5 metre samples. Anomalous gold results are associated with moderate to strong jasperoid development within the carbonate host rocks. One additional hole at the Stallion, one at the Mustang and one at the Thoroughbred target all intersected variable altered carbonate rocks with only spotty anomalous gold results.

The multi-element ICP data for six of the holes is still outstanding and will be incorporated into the database once received.

"Although clearly not the discovery we were hoping for, the size and distribution of altered carbonate rocks along with widespread anomalous gold concentrations is encouraging. We will carry out a detailed examination of the pathfinder elements from the ICP data once it is available from the lab to determine if any vectors towards remaining targets exist," stated Jason Weber President & CEO of Alianza Minerals.

About Alianza Minerals Ltd.

Alianza employs a hybrid 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, Nevada and Peru. Alianza currently has two projects optioned out in Nevada and Yukon Territory, and is actively exploring on two others. Alianza's current partners include Hochschild Mining PLC and Coeur Mining, Inc.

The Company is listed on the TSX Venture Exchange under the symbol "ANZ" and trades on the OTC 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) 687-3520                             | | |Fax: (888) 889-4874 | | |www.alianzaminerals.com | | |  | | |Renmark Financial Communications Inc. | | |Melanie Barbeau | | |mbarbeau@renmarkfinancial.com | | |Tel: (416) 644-2020 or (514) 939-3989 | | |www.renmarkfinancial.com | | |  | | ---------------------------------------------------- 

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.

Copyright (c) 2020 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

The Conversation (0)
Gold bars in stacks with words "5 Top Canadian Mining Stocks This Week" on top.

Top 5 Canadian Mining Stocks This Week: Q-Gold Resources Spikes 103 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.Statistics Canada released its March Labour Force Survey on Friday (April 10). The labor force news... Keep Reading...
Gold bars and coins on financial graphs with the text: "Weekly Editor's Picks" and "M&A."

Editor's Picks: Gold, Silver Prices Gain on Ceasefire News, Mining M&A Activity Heats Up

The gold price was on the rise this week, breaking briefly through the US$4,800 per ounce level for the first time since mid-March before pulling back.Silver trended upward as well, nearly hitting US$77.50 per ounce.Both precious metals have seen price declines since the Iran war began, and were... Keep Reading...
Napie Grows to 1.2Moz Au and Aurum Reaches 4.2Moz Au

Napie Grows to 1.2Moz Au and Aurum Reaches 4.2Moz Au

Aurum Resources (AUE:AU) has announced Napie Grows to 1.2Moz Au and Aurum reaches 4.2Moz AuDownload the PDF here. Keep Reading...
Marc Faber, gold bars.

Marc Faber: Gold, Oil and War — My Outlook and Strategy Now

Dr. Marc Faber, editor and publisher of the Gloom, Boom & Doom Report, discusses the impact of the Iran war on global liquidity, asset price trends, interest rates and gold. He also weighs in on the future of the US economy and the BRICS nations. Don’t forget to follow us @INN_Resource for... Keep Reading...
Stock market tickers with various numbers in red and green; text reads: "mergers and acquisitions."

G Mining Ventures Strikes Deal to Acquire G2 Goldfields

G Mining Ventures (TSX:GMIN,OTCQX:GMINF) announced plans to acquire G2 Goldfields (TSXV:GTWO,OTCQX:GUYGF) in an estimated US$2.13 billion all-stock transaction, moving to consolidate two adjacent projects in Guyana to create one of the largest and lowest-cost gold-mining hubs in the Americas.The... Keep Reading...
Golden shovel partially buried in a pile of dark soil, illuminated by focused light.

Infographic: Miners Retreat to Gold, Slash Early Stage Exploration to Record Lows

The global mining industry has decisively pivoted toward safe havens, funneling half of its entire exploration budget into gold while abandoning early stage grassroots discoveries at a record pace.According to the newly released World Exploration Trends 2026 report from S&P Global Market... Keep Reading...

Interactive Chart

Latest Press Releases

Related News