1,770 Metres of Drilling Completed to Date at Alianza’s Horsethief Gold Property
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Trading Symbol (TSX-V: ANZ)
410-325 Howe Street
Vancouver, British Columbia
Canada V6C 1Z7
Tel: (604) 687 3520
Fax: 1-888-889-4874
www.alianzaminerals.com
July 2, 2020 NR 20-10
1,770 Metres of Drilling Completed to Date at Alianza’s Horsethief Gold
Property
Vancouver, B.C., July 2, 2020 - Alianza Minerals Ltd. (TSX-V: ANZ, OTC: TARSF) (“Alianza” or the
“Company”) reports that crews have completed six holes totalling 1,770 metres (5805 feet) of reverse-
circulation (“RC”) drilling at the Horsethief Gold Property, Nevada. This work is 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. The crew has left site for a mandated break and will return to finish the program on or about July
10.
Six holes have been completed to date, with five reaching target depth. One hole (20HT- RC005) was
terminated at 183 metres (600 feet) when it intersected a large void and could not continue. Two holes
were completed at the Horsethief North target area, three in the Horsethief South area and one was
collared to test the Mustang IP target at depth. Logging is complete and all samples have been shipped
to the laboratory for analysis. Analytical results from the initial holes of the 2020 program are expected
to be received in mid-July.
Drilling will resume at the Stallion target when crews restart the program. A map of the drill hole collar
locations is shown below.
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Horsethief is located 16 miles (25 km) east of the historic mining town of Pioche, NV. Under the current
Notice of Intent (“NOI”), approved by the United States Bureau of Land Management (“BLM”) allows for
up to 3,000 metres of drilling in ten holes.
Additionally, t he Company has mobilized a geophysical crew to conduct approximately 20 line-
kilometres of magnetics and 5 line-kilometres of Induced Polarization (IP) survey, extending the existing
survey coverage. This is work is undertaken to investigate newly acquired claims that were not included
in the original survey.
“We are pleased with our progress at Horsethief with our first drill -test of the property ,” stated Jason
Weber, P.Geo., President and CEO of Alianza. “Our crews from Big Rock Exploration and Major Drilling
have done a great job executing the program, especially as we all adapt to operate safely in light of the
current health crisis.”
Horsethief Property
Drilling at Horsethief follows a very successful 2019 program that included detailed mapping focussed
on lithology, structure and alteration of the prospective limestone and dolostone stratigraphy exposed at
Horsethief. Significantly, based on lithological characteristics and fossil identification, this work
confidently assigned stratigraphic ages ranging from upper Cambrian to lower Ordovician. This is an
important age determination as it corresponds to the ages of rocks hosting other major deposits such
as the Long Canyon Gold Mine.
Additionally, the 2019 work program identified a new window of upper Cambrian to lower Ordovician-
aged carbonate stratigraphy with significant jasperoid alteration in the northeast portion of the property.
An additional 26 claims were staked to cover this occurrence as well as prospective stratigraphy
identified in the southern portion of the property.
Horsethief hosts five primary drill targets; four target areas defined by surface exposures of altered
carbonate rocks and one target at depth, interpreted from induced polarization (IP) and resistivity
geophysical surveys.
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, Colorado 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 has 105 .4 million shares issued and outstanding and 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:
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Jason Weber, President and CEO
Sandrine Lam, Shareholder Communications
Tel: (604) 807-7217
Fax: (888) 889-4874
www.alianzaminerals.com
Renmark Financial Communications Inc.
Melanie Barbeau
Tel: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.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, O THER THAN PURELY HIS TORICAL INFORMATION, INCLUDING
STATEMENTS RELATING TO THE COMPANY'S FUT URE PLANS AND OBJECTIVES OR
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AS A RESULT, ACTUAL RESULTS MAY VA RY MATERIALLY FROM T HOSE DESCRIBED IN TH E
FORWARD-LOOKING STATEMENTS.