Alianza Minerals confirms new silver-bearing veins in drilling at Bighorn Zone, Haldane Silver Property, YT
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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
October 22, 2019 NR 19-15
Alianza Minerals confirms new silver-bearing veins in drilling at
Bighorn Zone, Haldane Silver Property, YT
Alianza Minerals Ltd. (TSX-V: ANZ) (“Alianza” or the “Company”) reports drilling at the Haldane
Silver Property has confirmed the presence of new silver-bearing vein targets at the Bighorn Zone. The
first two holes of the program tested the Ross and Bighorn soil geochemical anomalies, neither of
which has been previously tested by drilling. Highlights of the first hole at the Bighorn Anomaly include
125 g/t Ag and 4.4% Pb ov er 2.35 metres from 154.15 metre s depth. Additional assay results are
pending for the two additional holes drilled at the Mt. Haldane Vein System (MHVS) area and will be
reported next.
The Haldane high -grade silver target is located in the historic Keno Hill Mining District of Yukon
Territory. The 8,579 hectare proper ty is located 25 km west of Keno City, YT in the western portion of
the district. The 2019 Phase II program targeted three main areas: the newly identified Bighorn and
Ross anomalies and the Mt. Haldane Vein System (MHVS). One hole was completed at each of the
Ross and Bighorn anomalies, with two holes targeting the A and B veins of the Middlecoff Zone in the
Mt. Haldane Vein System target area. A total of 963 metres were cored in four holes.
The Bighorn result comes from the widest of four vein -structures intersected. This structure was cut
from 150 to 159 m, and includes the 2.35 m averaging 125 g/t Ag and 4.4% Pb from 154.15 metres
depth within a wider 6.60 m intersection that returned 50.1 g/t Ag and 1.85% Pb from 151.7 m . One
hole at the Ross anomaly intersected zones of anomalous veining and disseminated mineralization in
rocks overlying the prospective lower Keno Hill quartzite unit. It is believed that these are the
manifestation of the target structures and that they may form cohesive veins at depth in the permissive
units.
Jason Weber, P.Geo., President and CEO of Alianza noted that, “The first-ever drill hole at the Bighorn
Zone, almost three kilometres from known mineralization , successfully intersec ted at least 4
mineralized structures confirming a new zone for systematic follow -up drilling. The Ross hole , which
also tested a new area, returned only anomalous lead and silver values, but appears to have
intersected weak structures that may be conducive to forming veins in the more brittle Lower Keno Hill
Quartzite that lies below.”
Bighorn Target
At the Bighorn Zone, d rill hole HLD19 -15 (351 m at -50°), cut a west to east cross section near the
centre of the 900 by 150 metre, north-south trending, Pb-Ag-Sn soil anomaly. Earlier surface mapping
and trenching in 2019 indicates the anomaly is related to several, roughly north -south striking faults
and/or silicified breccia zones. Trenching within the anomaly exposed wide sections of elevated lead,
up to 0.25% Pb over 10.5 m, in silicified and brecciated quartzite and phyllite of the lower Keno Hill
Formation, generally leached of all sulphide.
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The drill hole intersected four significant north trending, steep faults, plus several smaller fault s all with
associated mineralization. The most significant of these faults occurs from 150 to 159 metres and
consists of gossanous, sheared and brecciated phyllitic quartzite with up to 3% scattered galena blebs.
A 2.35 m section of leached carbonate-quartz veining within this fault returned 125 g/t Ag and 4.4% Pb.
This fault appears to correlate with a silicified breccia/fault zone on surface (Trench BH03). The other
faults that were intersected have locally weak to strong silicification, bl eaching due to white mica, and
gossanous fractures after iron-rich carbonate. Mineralization consists of siderite -quartz-galena-
sphalerite veins and/or breccia fillings, typical mineralogy for the vein -fault zones in the Keno Hill
district. Locally, poor core recovery within these faults may have negatively impacted the results, such
as in the interval from 196. 95 to 198.00 m where despite recovering only 45% of the core from the
interval, it assayed 48.2 g/t Ag, 2.08% Pb and 2.73% Zn.
Vein-Structure Intersections HLD19-15 (Bighorn Zone)
Drill Hole From
(m)
To (m) Core
Interval (m)
Au
(g/t)
Ag (g/t) Pb (%) Zn (%) Core
Recovery
(%)
HLD19-15 151.70 158.30 6.60 0.004 50.1 1.85 0.14 85
includes 154.15 156.50 2.35 0.004 125.7 4.39 0.09 84
HLD19-15 48.00 53.65 5.65 0.003 2.1 0.15 0.01 69
HLD19-15 133.30 135.50 2.20 0.013 5.6 0.66 0.05 97
HLD19-15 196.95 198.00 1.05 0.004 48.2 2.08 2.73 45
HLD19-15 251.00 253.60 2.60 0.007 3.2 0.07 1.01 86
HLD19-15 271.00 271.40 0.40 0.005 42.7 2.16 1.07 91
HLD19-15 328.65 329.40 0.75 0.003 2.0 0.06 1.03 100
Ross Target
The first hole of the program tested the Ross Anomaly, a 300m by 100 m Pb -Zn-Ag soil anomaly,
approximately 3 km along trend from the Middlecoff Zone on the Mt Haldane Vein System. The
anomaly sits in schist and phyllite of the Upper Keno Hill Formation (Sourdough Member) in the
immediate hanging wall to the contact with the Lo wer Keno Hill Quartzite The Lower Keno Hill consists
of massive quartzite and phyllitic quartzite, which are much better hosts for the vein -fault style of
mineralization present on the Haldane Property and elsewhere in the Keno Hill District.
Drill hole HLD19-14 was drilled east at -50° for 225 m to cut under the soil anomaly looking for the
lower Keno Hill contact and a potential structure related to the soil geochemical anomaly. The hole
passed below the anomaly completely within schist and phyllite of the Sourdough Member. The hole
contained evidence of mineralization in the schist/phyllite , including manganese and iron oxides in
veinlets and shears at 69-71 m, and <0.1% galena-sphalerite disseminated along foliation at 87.4 to
94.0 m but no significant assays were returned. The hole intersected quartzite below 180 m suggesting
the initial target may exist deeper on the section.
About Alianza Minerals Ltd.
Alianza employs a n exploration 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 proje cts optioned out in
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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 82.3 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:
Jason Weber, President and CEO
Sandrine Lam, Shareholder Communications
Tel: (604) 687-3520
Fax: (888) 889-4874
Renmark Financial Communications Inc.
Melanie Barbeau
Tel: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com
To learn more visit: www.alianzaminerals.com
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