2019 Fieldwork Commences at BP Property, NV
June 26 2019 - 9:00AM
Alianza Minerals Ltd. (
TSX-V:
ANZ) (“
Alianza” or the
“Company”) reports that the 2019 phase I field
program at the Company’s BP project has commenced. The BP property
is located in Elko County, 57 km south of Carlin, Nevada and 41 km
northwest of the Bald Mountain Mine. The 2019 program is funded by
Hochschild Mining (US), Inc, a subsidiary of Hochschild Mining PLC
under the terms of an option agreement signed in March, 2019.
“Our field crews finished up the first phase of
work at Horsethief and have now moved to BP,” stated Jason Weber,
P.Geo, President and CEO of Alianza. “BP is an early-stage prospect
with little prior work on it but is located in a prospective region
with favourable indications including that a sediment-hosted gold
system is present on the property.”
BP PropertyThe BP property is located in Elko
County, 57 km south of Carlin, Nevada and 41 km northwest of the
Bald Mountain Mine. The property has had little previous gold
exploration prior to a reconnaissance program in 2010 that
identified gold-bearing jasperoid and anomalous gold and pathfinder
geochemistry on surface. Alianza conducted a mapping and
prospecting program in 2017 that identified potential structural
conduits for mineralizing fluid flow as evidenced by anomalous
pathfinder geochemistry and the presence of barite, clay alteration
and limonite staining near the intersections of prominent
structures. Additionally, the presence of features such as
dissolution collapse breccias associated with barite and
silicification in the proximity of gold mineralization suggest
fluid-flow conduits.
The 2019 program is expected to occur in two
phases. The first consisting of mapping and geochemical sampling
will occur in June and July, with a second phase of detailed
mapping and sampling, and possibly geophysics to be completed in
September.
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 four projects optioned out in Nevada and
Yukon Territory, and is actively exploring on two others. Alianza’s
current partners include Hochschild Mining PLC (LON: HOC) and Coeur
Mining, Inc. (NYSE: CDE).
The Company has 60.5 million shares issued and outstanding and
is listed on the TSX Venture Exchange (TSX-V: ANZ).
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 CEOSandrine Lam, Shareholder CommunicationsTel:
(604) 687-3520 Fax: (888) 889-4874
To learn more visit:
www.alianzaminerals.com
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MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING
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