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1,770 Metres of Drilling Completed to Date at Alianza's Horsethief Gold Property
(via TheNewswire) Vancouver, B.C. - TheNewswire - July 2, 2020 - Alian...
About this update from Silver North Resources Ltd.
[{"type":"text","content":"1,770 Metres of Drilling Completed to Date at Alianza's Horsethief Gold Property(via TheNewswire)\n \n \nVancouver, B.C. - TheNewswire - July 2, 2020 - Alianza Minerals Ltd. (TSXV:ANZ) (OTC:TARSF) (\"Alianza\" or the \"Company\") reports that crews have completed six holes totalling 1,770 metres (5805 feet) of reverse-circulation (\"RC\") drilling at the Horsethief Gold Property, Nevada. This work is funded by partner Hochschild Mining (US), a subsidiary of Hochschild Mining PLC (\"Hochschild\", LSE:HOC) under an option to earn a 60% interest in the project by funding exploration expenditures of US$5 million over 5.5 years. The crew has left site for a mandated break and will return to finish the program on or about July 10. \n\n \n \nSix holes have been completed to date, with five reaching target depth. One hole (20HT-RC005) was terminated at 183 metres (600 feet) when it intersected a large void and could not continue. Two holes were completed at the Horsethief North target area, three in the Horsethief South area and one was collared to test the Mustang IP target at depth. Logging is complete and all samples have been shipped to the laboratory for analysis. Analytical results from the initial holes of the 2020 program are expected to be received in mid-July.\n\n \n \nDrilling will resume at the Stallion target when crews restart the program. A map of the drill hole collar locations is shown below. \n\n \n \n\nClick Image To View Full Size\n\n \n \nHorsethief is located 16 miles (25 km) east of the historic mining town of Pioche, NV. Under the current Notice of Intent (\"NOI\"), approved by the United States Bureau of Land Management (\"BLM\") allows for up to 3,000 metres of drilling in ten holes. \n\n \n \nAdditionally, the Company has mobilized a geophysical crew to conduct approximately 20 line-kilometres of magnetics and 5 line-kilometres of Induced Polarization (IP) survey, extending the existing survey coverage. This is work is undertaken to investigate newly acquired claims that were not included in the original survey. \n\n \n \n\"We are pleased with our progress at Horsethief with our first drill-test of the property,\" stated Jason Weber, P.Geo., President and CEO of Alianza. \"Our crews from Big Rock Exploration and Major Drilling have done a great job executing the program, especially as we all adapt to operate s...