Alianza Minerals Acquires High-Grade Gold Target, Golden Triangle Area, B.C
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
September 10, 2018 NR18-12
Alianza Minerals Acquires High-Grade Gold Target, Golden Triangle Area, B.C
Vancouver, B.C. – September 10, 2018 - Alianza Minerals Ltd. (TSXV:ANZ)
(“Alianza” or the “Company”) reports that the Company has optioned the KRL
Property in British Columbia’s prolific Golden Triangle from prospector Bernie Kreft. The
KRL Property is located near the junction of McLymont Creek and the Iskut River,
adjacent to Aben Resources’ Forrest Kerr Gold project and approximately 5 kilometres
(km) from the McLymont Creek and Forrest Kerr power generation plants. Road access
exists less than 2 km from the property boundary.
Previous work at KRL dates back to the late 1980’s and includes hand trenching of
quartz veins 10 – 100 centimetres (cm) in width (generally 10-50 cm wide) and exposed
for as much as 60 metres (m) on strike before becoming obscured under talus. Results
of this work include a series of five channel samples, collected on one-metre spacings
yielding 56.01, 35.93, 122.86, 194.23 and 64.04 g/t gold over 50-70 cm. Another vein,
sampled approximately 10 m to the northwest, returned 248.1 g/t gold over its 10 cm
width, and another at 229.47 g/t from a nearby 10 cm channel sample. At least 11 veins
have been identified over a 400 m by 600 m area. Most veins are steeply-dipping with a
north-westerly strike.
“The KRL option presents an excellent opportunity for early-stage gold exploration in the
Golden Triangle,” stated Jason Weber, P.Geo., president and CEO of Alianza.
“Previous workers identified this high-grade mineralization near their property boundary
in the late 1980s. We feel that with our better-located land position there is potential to
identify additional mineralization below treeline where it may be obscured by vegetation
and talus. Our initial phases of work will focus on prospecting and geochemical
sampling to identify potentially covered gold-bearing veins at lower elevations.”
Agreement Terms
Alianza is optioning the KRL Property from prospector Bernie Kreft. Alianza can earn a
100% interest in the property by conducting $2.25 million in exploration on the property
over 5 years ($150,000 by December 31, 2019), issuing 800,000 shares of Alianza to
Mr. Kreft, staged over 5 years (100,000 on TSX-V approval), and by making staged
cash payments totalling $250,000 over 4 years ($25,000 by October 15, 2018). Mr. Kreft
is entitled to additional shares issued upon the disclosure of an NI43-101 inferred
resource estimate equal to 1 share per ounce of inferred resource, to a maximum of
350,000 shares. An additional 500,000 shares are to be issued on the commencement
of commercial production. Mr. Kreft will retain a 1% 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,
British Columbia, Yukon and Nevada.
The Company has 45 million shares issued and outstanding and is listed on the TSX
Venture Exchange (TSX-V: ANZ). Mr. Jason Weber, P.Geo., 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
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 HISTORIC AL INFORMATION, INCL UDING STATEMENTS
RELATING TO THE COMP ANY'S FUTURE PLANS A ND OBJECTIVES OR EXP ECTED RESULTS,
MAY INCLUDE FOR WARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS A RE
BASED ON NUMEROUS AS SUMPTIONS AND ARE SU BJECT TO ALL OF THE RISKS AND
UNCERTAINTIES INHERE NT IN RESOURCE EXPLO RATION AND DEVELOPME NT. AS A RESULT,
ACTUAL RESULTS MAY V ARY MATERIALLY FROM THOSE DESCRIB ED IN THE FORWARD -
LOOKING STATEMENTS.