Drilling Underway at Alianza’s Horsethief Gold Project, Nevada
6212913 v2
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 20-08
Drilling Underway at Alianza’s Horsethief Gold Project, Nevada
Vancouver, B.C., June 1, 2020 - Alianza Minerals Ltd. (TSX-V: ANZ, OTC: TARSF) (“Alianza” or
the “Company”) reports that the reverse-circulation (“RC”) drilling program at the Horsethief Gold
Property, Nevada has commenced. This program is funded by partner Hochschild Mining (US), a
subsidiary of Hochschild Mining PLC (“Hochschild”, LSE:HOC). Hochschild holds an option to ear n a
60% interest in the project by funding exploration expenditures of US$5 million over 5.5 years. This
program consists of up to 10 holes for a total of 2,600 meters and tests a wide area of the project.
The first two holes are located at the Horsethief North target (sites RC-P2 and -P4 in the attached map)
to test stratigraphy below the extent of historic drilling. The presence of gold associated with jasperoid
alteration and karst features at surface and in shallow drilling is a favourable indicator of potential at
depth. From Horsethief North, the rig will move to Horsethief South (sites RC-P6 and -P5) to test similar
targets before moving to the Mustang and Stallion target areas. Holes at Mustang and Stallion will also
test for gold mineralization at the contact of cover volcanic rocks and the carbonate sediments thought
to extend below.
Highlights:
- Horsethief hosts Upper Cambrian to Lower Ordovician rocks known to host other important
precious metals in Nevada.
- Four primary target areas defined by gold-bearing altered carbonate rocks on surface and in
shallow drilling; one target at depth interpreted from geophysical surveys.
- Current program is testing the upper Cambrian/lower Ordovician contact in proximity of
historic drilling that returned 39.6 metres averaging 0.79 g/t Au and 13.7 m averaging 1.22
g/t gold.
Horsethief is located 25 km (16 miles ) east of the historic mining town of Pioche, NV. The current
Notice of Intent (“NOI”), recently approved by the United States Bureau of Land Manag ement (“BLM”),
allows for up to 3,000 metres of drilling in ten holes.
Horsethief Property
Drilling at Horsethief follows a very successful 2019 program that included detailed mapping focussed
on lithology, structure and alteration of the prospective limestone and dolostone stratigraphy exposed at
Horsethief. Based on lithological characteristics and fossil identification, this work confidently assigned
stratigraphic ages ranging from upper Cambrian to lower Ordovician. This is an important age
determination as it corresponds to the ages of rocks known to host some major gold deposits in
Nevada.
Prior operators completed 40 shallow drill holes in the 1980s foc ussed on outcropping jasperoid
alteration. This drilling returned numerous gold-bearing intersections including HT-18 (Horsethief North)
which returned 39.6 metres of 0.79 g/t gold and HT-15 (Horsethief South) which returned 1.22 g/t gold
6212913 v2
over 13.7 metres . These intersections are thought to represent peripheral mineralization observed
above other Nevada gold deposits at the Cambrian -Ordovician contact, which at Horsethief remains
untested.
Horsethief hosts five primary drill targets; four target areas de fined by surface exposures of altered
carbonate rocks and one target at depth, interpreted from induced polarization (IP) and resistivity
geophysical surveys. A map of the proposed drill hole locations can be found below:
The program will be conducted with the safety of its employees, contractors and subcontractors as a
priority and includes updated health and safety procedures in the wake of the Covid- 19 pandemic.
Management is confident that with these refined health and safety protocols and adherence to local and
regional governmental recommendations on travel and conduct, the Horsethief RC drill program can be
executed safely.
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. Alianza currently has two projects optioned out in
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 104 .4 million shares issued and outstanding and is listed on the TSX V enture
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.
6212913 v2
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.
Melanie Barbeau
Tel: (416) 644-2020 or (514) 939-3989
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 N EWS RELEASE, OTHER T HAN PURELY HISTORICA L INFORMATION, INCLUDING STATEMENTS
RELATING TO THE COMP ANY'S FUTURE PLANS A ND OBJECTIVES OR EXP ECTED RESULTS, MAY I NCLUDE FORWARD-LOOKING
STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL O F
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.