Alianza Minerals Options Three Nevada Properties to Hochschild Mining
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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
March 4, 2019 NR 19-01
Alianza Minerals Options Three Nevada Properties to Hochschild
Mining
Horsethief, Bellview and BP sediment-hosted gold properties
Potential US$11 million in exploration expenditures over 5.5 years
Drilling planned at Horsethief in 2019
Alianza Minerals Ltd. (TSX-V: ANZ) (“Alianza” or the “Company”) reports that Hochschild Mining
(US), Inc, a subsidiary of Hochschild Mining PLC (“Hochschild”, LSE:HOC) has optioned three Nevada
sediment-hosted gold properties from Alianza . The BP and Bellview properties are located in the
southern extension of the Carlin Trend, while the Horsethief property represents an off-trend gold target
located 26 km east of Pioche, NV. Hochschild can earn a 60% interest in each property by making
exploration expenditures (a) over 4.5 years totalling US$2.5 million at BP and totalling US$3.5 million at
Bellview and (b) over 5.5 years totaling US$5 million at Horsethief. Under these agreements, the 2019
exploration programs will total at least US$700,000 as a firm commitment from Hochschild and will
include drilling at Horsethief and drill target identification and definition at BP and Bellview.
“We are extremely happy to form this partnership with Hochschild” stated Jason Weber, P.Geo,
president and CEO of Alianza. “ We look forward to working with the Hochschild team as we advance
these properties, including our first drill test of Horsethief.”
The Properties
Horsethief
Exploration at Horsethief is targeting sediment -hosted gold mineralization in a window of Cambrian
carbonate rocks overlain by volcanic flows and pyroclastics. Work by prior operators included mapping
and sampling hematite-rich jasperoid breccia outcrops a nd shallow drilling . Historic drilling, generally
100 metres or less in depth, returned multiple intervals of gold mineralization including 13.7 metres
averaging 1.2 g/t gold and 39.6 m etres averaging 0.79 g/t gold with four holes terminating in
mineralization. Subsequent geophysical surveys (Induced Polarization chargeability and resistivity)
indicate that stratigraphy and potentially mineralized targets dip to the east under the volcanic cover
and below the extent of prior drilling.
Bellview Property
The Bellview property is located in White Pine County, 85 km south of Elko, Nevada and 13 km north of
the Bald Mountain Gold Mine on the southern extension of the Carlin Trend. Bellview features a
geological setting prospective for sediment-hosted gold mineralization. Work by a previous operator
identified stratigraphic targets similar to the geologic setting observed at Bald Mountain. Targets are
primarily defined by gold-in-soil geochemical anomalies and gold-bearing silicified jasperoid breccias in
stratigraphy recognized regionally and at the Bald Mountain Mine to host gold mineralization.
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BP Property
The BP property is located in Elko County, 57 km south of Carlin, Nevada and 41 km northwest of the
Bald Mountain Mine. The property has had lit tle previous gold exploration prior to a reconnaissance
program in 2010 that identified gold -bearing jasperoid and anomalous gold and pathfinder
geochemistry on surface. Alianza conducted a mapping and prospecting program in 2017 that identified
potential structural conduits for mineralizing fluid flow as evidenced by anomalous pathfinder
geochemistry and the presence of barite, clay alteration and limonite staining near the intersections of
prominent structures. Additional evidence of favourable structural setting is seen in the eastern portion
of the property where repetition of the stratigraphy suggests a series of northeast trending structures.
Significantly, new jasperoid occurrences were identified along the aforementioned structures in
proximity to th e projected intersection with northwest trending graben structures. Jasperoids are
elevated in gold and pathfinder geochemistry, including arsenic, barium, mercury, molybdenum and
antimony.
Terms of the Option Agreements
Horsethief Property
Hochschild can earn a 60% interest in the Horsethief Property by conducting US$5 million in
exploration on the property over a 5.5 year period, with a committed minimum expenditure of
US$500,000 in the first 18 months and a minimum US$500,000 in each subsequent year. Within 60
days of acceptance of the first option, Hochschild may elect to undertake a second option to earn an
additional 10% (total 70%) in the property by funding a further US$5 million in exploration over 3 years
(minimum US$500,000 in exploration per year).
Bellview Property
Hochschild can earn a 60% interest in the Bellview Property by conducting US$ 3.5 million in
exploration on the property over a 4.5 year period, with a committed minimum expenditure of
US$100,000 in the first 18 months and a minimum US$500,000 in each subsequent year. Within 60
days of acceptance of the first option, Hochschild may elect to undertake a second option to earn an
additional 10% (total 70%) in the property by funding a further US$3.5 million in exploration over 3
years (minimum US$500,000 in exploration per year).
BP Property
Hochschild can earn a 60% interest in the BP Property by conducting US$ 2.5 million in exploration on
the property over a 4.5 year period, with a committed minimum expenditure of US$100,000 in the first
18 months and a minimum US$500,000 in each subsequent year. Within 60 days of acceptance of the
first option, Hochschild may elect to undertake a second option to earn an additional 10% (total 70%) in
the property by funding a further US $2.5 million in exploration over 3 years (minimum US$500,000 in
exploration per year).
Alianza will be the operator . Hochschild will reimburse Alianza for 2018 property taxes and permit
costs, totalling approximately US$41,600.
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 and Peru.
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The Company has 60.3 million shares issued and outstanding and is listed on the TSX Venture
Exchange (TSX-V: ANZ).
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
To learn more visit: www.alianzaminerals.com
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