Alianza Acquires High-Grade Silver Project in Historic Keno Hill District, YT
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
March 5, 2018 NR18-03
Alianza Acquires High-Grade Silver Project in Historic Keno Hill District, YT
• Mt. Haldane vein system traced for up to 2 km on surface. Potential for strike
extension and additional vein structures
• Middlecoff (24.7 tonnes of 3,102 g/t silver, 59% lead) and Johnson (2.1 tonnes of
4,602 g/t silver, 57.9% lead) small-scale workings date back to 1918-1927.
• Underground drilling results include 1.2 metres of 2,791 g/t silver, 18.7% lead at
Middlecoff.
• Road accessible – within 5 km of highway, four-wheel drive road to main showing
area
• Project shares key characteristics including geological setting and mineralization
style with the Keno Hill deposits.
Vancouver B.C. – March 5, 2018 - Alianza Minerals Ltd. (TSXV:ANZ) (“Alianza” or
the “Company”) reports that, subject to TSX-V approval, it has purchased the Haldane
Silver Property in the historic Keno Hill Silver District of Yukon Territory from Equity
Exploration Consultants Ltd. (“Equity”). The 7,665 hectare (388 claims) Haldane
Property is located 25 km west of Keno City, YT, and is host to the Mt. Haldane Vein
System where limited exploration has identified high grade silver-lead-zinc+/-gold
mineralization on surface and in small scale underground mining.
“We are excited to acquire the Haldane Property,” stated Jason Weber, P.Geo.,
President and CEO of Alianza Minerals. “The Keno Hill District has a long history of
high-grade silver production and is experiencing a revival with the recent permit
approval for Alexco’s deposits in the main Keno camp. The Haldane property
represents a unique opportunity in this mature district as, due to a number of factors, it
has not had coherent modern exploration programs. We believe that with a systematic
exploration approach there is excellent potential to find substantial high-grade silver
mineralization.”
Haldane Silver Property
Mineralization at the Haldane Property consists of structurally-controlled, silver-bearing
veins in the western Keno Hill Silver District in central Yukon Territory. Silver production
began in the Keno district in 1913, with over 200 million ounces of silver produced
through 1989. Production statistics from the Yukon government Minfile (2003) state that
4.87 million tonnes were mined at an average grade of 1,389 g/t silver, 5.62% lead and
3.14% zinc in that time.
Mineralization at Haldane consists of galena, sphalerite, tetrahedrite and pyrargyrite,
with gangue of manganiferous siderite and quartz in veins hosted within Keno Hill
quartzite in proximity to the Robert Service Thrust. This mineralization and setting bears
a strong resemblance to the main Keno Hill deposits.
The north-trending Mt. Haldane Vein System (MHVS) is the main target area on the
property, where initial exploration dates back to 1918. Early workers hand sorted ore
from underground workings at the Middlecoff Zone in 1918-19, recovering a reported
24.7 tonnes of ore averaging 3,102 g/t silver and 59% lead. Later work at the Johnson
Zone recovered 2.1 tonnes of ore averaging 4,602 g/t silver and 57.9% lead in 1927.
Little work was done on the property until the 1960s when trenching and further
underground development and drilling was conducted. Recent work, including,
prospecting, mapping, soil geochemistry and limited diamond drilling, has shown that
the MHVS veins show excellent potential for strike extension. Additional showings up to
three kilometres east of the MHVS shows the potential for other mineralized structures
on the property.
2018 Exploration Plan
Alianza’s preliminary plans for the 2018 field season at Haldane include additional
prospecting and soil sampling to identify new vein structures and strike extension of
known structures. This may be augmented by magnetics and Very Low Frequency
(VLF) electromagnetics geophysical surveys, soil geochemical surveys and trenching.
Equity Engineering Consultants Ltd. will undertake the 2018 program on Alianza’s
behalf.
Purchase Terms
Alianza purchased the Haldane Property from Equity for the following consideration:
• issuing to Equity, 2,000,000 shares of Alianza upon receipt of TSX-V approval
• making two stage cash payments of $50,000 each to Equity by June 30, 2018
and June 30, 2019;
• making a final $100,000 payment in cash or by issuing the number of shares of
equivalent value at the Alianza’s election, on June 30, 2019;
• and by making bonus share payments to Equity:
o issuing Equity 250,000 shares upon the public disclosure of a Measured
Mineral Resource (as such term is defined in National Instrument 43-101 -
Standards of Disclosure for Mineral Projects) of 5,000,000 oz silver-
equivalent at 500 g/t silver-equivalent;
o issuing Equity 500,000 shares upon the decision to commence
construction of a mine or processing plant on any part of the Haldane
Property.
Alianza has also agreed to grant Equity the right to manage exploration programs at
Haldane through 2023 and to assume all the obligations with respect to the underlying
2% net smelter royalty on the property.
About Alianza Minerals Ltd.
Alianza increases the chances of success in mineral exploration by using the Prospect
Generator business model, focussing on gold and copper exploration in Latin America
and Nevada.
The Company has 35.4 million shares issued and outstanding, and is listed on the TSX
Venture Exchange (TSX-V: ANZ). Mr. Murray Jones, MSc, P.Geo., of Equity
Exploration Consultants Ltd. is a Qualified Person as defined by National Instrument 43-
101. Mr. Jones 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
To learn more visit: www.alianzaminerals.com
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