Business
Strategic Alliance Acquires Second Copper Project
Strategic Alliance Acquires Second Copper Project.
About this update from Cloudbreak Discovery Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8008T\n Cloudbreak Discovery PLC\n 29 November 2021\n \n \n \n \n 29 November 2021\n \n \n \n \n \n Follow the link to read the press release in full, including figures:\n \n \n http://www.rns-pdf.londonstockexchange.com/rns/8008T_1-2021-11-28.pdf\n \n \n \n \n \n \n \n \n \n Cloudbreak Discovery and Alianza Minerals acquire Stateline Copper Project under the Southwest US Copper Alliance, Colorado\n \n \n \n \n \n \n \n \n · \n \n Second copper prospect acquired under Southwest US Copper Alliance\n \n \n \n · \n \n Eight kilometres on trend from producing Lisbon Valley Mining Complex\n \n \n \n · \n \n Mineralisation and host rocks bear strong resemblance to those at Lisbon Valley Mining Complex\n \n \n \n \n \n \n \n Cloudbreak Discover Plc (\"Cloudbreak\") (LSE: CDL) \n \n and Alianza Minerals Ltd. (\"Alianza\") (TSX-V\" ANZ, OTCQB: TARSF) (the \"Alliance\") are pleased to announce the acquisition of the Stateline Property (\"Stateline\"), located in Colorado and Utah, United States, which consists of 22 unpatented mining claims from local prospectors.\n \n \n \n \n \n The Alliance is excited to announce its second property acquisition targeting sediment hosted copper mineralisation at the Stateline Project. Together, the two companies will continue to identify, acquire, and advance copper projects in the southwestern US states of Arizona, Colorado, New Mexico and Utah. Progress has been excellent to date and work continues to identify new copper exploration opportunities to acquire and advance with the intent of finding strong partners to move the projects forward. \n \n \n \n \n \n Stateline Project Highlights:\n \n \n - \n Road accessible, 148 hectare, property covering Paradox Basin sedimentary package in San Miguel County, Colorado and San Juan County, Utah\n \n \n - \n Favourable stratigraphy known to host sediment-hosted copper deposits in the Paradox Copper Belt including the producing Lisbon Valley Mine Complex (\"LVMC\"), eight kilometres to the northwest\n \n \n - \n Exposed copper oxide mineralisation at the surface within host sandstone units bearing strong similarities to copper deposits along trend at the LVMC\n \n \n - \n Mineralised outcrops have yielded assay results up to 1.6% copper and 1.7 grams per tonne...