Alianza and Cloudbreak Discovery option out Stateline Copper Project, Colorado to Allied Copper
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
NR 22-04
Alianza and Cloudbreak Discovery option out Stateline Copper Project, Colorado to
Allied Copper
Vancouver, BC, February 10, 2022 - Alianza Minerals Ltd. (“Alianza”) (TSX -V: ANZ, OTCQB:
TARSF) and Cloudbreak Discover y Plc (“Cloudbreak”) (LSE: CDL) (the “Alliance”) are pleased to
announce the optioning of the Stateline Property (“Stateline”) to Allied Copper Corp. (“Allied”) (TSX -V:
CPR). The Stateline Copper Property is located in Colorado and Utah, United States, comprising 22
unpatented mining claims , and is 8 km along trend to the southeast of the operating Lisbon Valley
Copper Mine.
Under the Stateline Option Agreement, Allied can earn a 100% interest in the property under the
following terms (all payments amounts are split 50/50 between Alianza and Cloudbreak):
- Over a three-year period, Allied will spend an aggregate of CAD $3,750,000 in exploration
expenditures on the property, with at least CAD $500,000 being spent pr ior to the first anniversary
of the closing date;
- Issue 4,250,000 common shares over a three-year period of which 500,000 are due on closing;
and
- Make an aggregate of CAD $315,000 in cash payments to the Alliance of which $40,000 will be
paid shortly and with a further $50,000 due on closing.
- The Alliance will retain a 2% net smelter royalty which is not subject to a buy down provision.
If Allied acquires additional mineral tenures within the Area of Interest (the “AOI”), it will issue the
Alliance additional common shares on a sliding scale that is proportional to the area of the acquired
mineral tenures. Conversely, if the Alliance acquires mineral tenures within the AOI, it will first offer
them to Allied and be compensated on that same sliding scale, should Allied choose to acquire them.
Jason Weber, President and CEO of Alianza, states, “We are delighted to grow our relationship with
Allied and are looking forward to supporting their exploration efforts in the Paradox Basin. Having both
Stateline and Klondike with the same partner allows us to better understand the geology and
mineralization within the Paradox Basin and explore the regional opportunity within it.”
About the Stateline Project
The Stateline project is located approximately 40 kilometres southwest of Naturita, Colorado, covering
the state boundary between Utah and Colorado at the southeast end of the Lisbon Valley. This
property lies within the Paradox Copper Belt, which includes the producing Lisbon Valley Mining
Complex ( “LVMC”). There are numerous historical copper occurrences that have been identified
throughout the belt, however, many of these have not been explored using modern exploration
techniques.
Figure 1. Stateline Property Location and Regional Geology Plan Map
Historical surface sampling of mineralized outcrops has yielded assay results up to 1.6% copper and
1.7 grams per tonne (“g/t”) silver and 0.45% copper and 2.1 g/t silver. Disseminated copper -silver
mineralization has also been identified in several outcropping sandstones in other stratigraphic
positions. Both styles of minerali zation will be investigated in upcoming work programs with the goal
of refining drill targets in these units. Initial work will include detailed geological mapping, soil and r ock
sampling, and geophysics.
The project is road accessible year -round including those roads supporting access to the Lisbon
Valley Mine Complex (LVMC). The project is comprised of 22 mining claims on Federal mineral rights
managed by the Bureau for Land Management. Ground covered by the current claims was at one
time part of the LVMC claim package.
About the Strategic Alliance
Under the terms of the Alliance, either Cloudbreak Discovery Plc or Alianza Minerals Ltd can
introduce projects to the Alliance. Projects accepted into the Alliance will be held 50/50 but funding of
the initial acquisition and any preliminary work programs will be funded 40% by the introducing
partner and 60% by the other party. Project expenditures are determined by committee, consisting of
two senior management personnel from each party. Alianza is the operator of Alliance projects unless
the Alliance steering committee determines, on a case-by -case basis, that Cloudbreak would be a
more suitable operator. The initial term of the Alliance runs for two years and may be extended for an
additional two years.
About Cloudbreak Discovery PLC
Cloudbreak Discovery PLC, is a leading natural resource project generator, working across a wide
array of mineral assets that are being developed and managed by an experienced team with a proven
track record. Value accretion within the projects being developed by Cloudbreak’s generative model
enables a multi -asset approach to investing and exploration. Diversification within the mining sector
and amongst resource classes is key to withstanding the cycles of natural resource investing.
About Allied Copper Corp.
Allied Copper Corp. is headquartered in Vancouver, BC Canada is a mineral exploration company
focused on acquiring and developing potential long life, scalable copper -gold assets in the Western
United States. The Company’s strategy is to focus on low cost and potential high growth operations in
low-risk jurisdictions. Allied Copper’s management is committed to operating efficiently and with
transparency in all areas of the business.
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, Colorado, Nevada and Peru. With thi s
agreement Alianza now has three projects optioned to partners, including a second project,
Klondike, optioned to Allied and one (Tim, Yukon Territory) optioned out to Coeur Mining, Inc.
Alianza is actively seeking partners on other projects.
Alianza is listed on the TSX Venture Exchange under the symbol “ANZ” and trades on the OTCQB
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) 807-7217
Fax: (888) 889-4874
Renmark Financial Communications Inc.
Scott Logan
Tel: (416) 644-2020 or (212) 812-7680
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.