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Alianza Minerals Acquires Twin Canyon Gold Property Lease, Colorado
(via TheNewswire) Vancouver, B.C. - TheNewswire - June 24, 2020 - Alia...
About this update from Silver North Resources Ltd.
[{"type":"text","content":"Alianza Minerals Acquires Twin Canyon Gold Property Lease, Colorado(via TheNewswire)\n \n \nVancouver, B.C. - TheNewswire - June 24, 2020 - Alianza Minerals Ltd. (TSXV:ANZ) (OTC:TARSF) (\"Alianza\" or the \"Company\") reports the Company has acquired a lease of the Twin Canyon gold prospect in southwestern Colorado. Twin Canyon hosts disseminated gold mineralization that has been recognized since the 1950s. The property is located 20 km from the town of Mancos, Colorado.\n\n \n \n\"The Twin Canyon acquisition is in keeping with Alianza's business model and the advancement of new, early stage exploration targets,\" stated Jason Weber, P.Geo., President and CEO of Alianza. \"Twin Canyon certainly fits this description as it is an unusual gold occurrence. If our concept is correct, it greatly expands the target area and the prospects for outlining an economic gold deposit.\"\n\n \n \nGold mineralization at Twin Canyon is hosted within bleached, friable sandstone of the Junction Creek Sandstone. Gold occurs near the crest of an anticline in the upper portion of the Junction Creek unit, under a cap of Morrison Formation sandstones and shale. Where gold mineralization is present, the host sandstone unit is bleached and spotted with bitumen and small amounts limonite after pyrite. Optical and microprobe work carried out on mineralized samples indicate a direct gold - bitumen association raising the novel possibility that the mineralizing process at Twin Canyon is driven by those associated with petroleum basin development. \n\n \n \nA small underground gold mine operated at Twin Canyon during the 1980s and early 1990s. Historic sampling of the underground workings has returned grab samples ranging from 0.1 to 15.77 g/t gold. Twenty-eight historic channel samples 1.5 to 10 metres in length were anomalous in gold, eight of which exceeded 2 g/t gold (highlight of 8.1 g/t gold over 3 metres). \n\n \n \nHistoric soil geochemical surveys in the mine area indicate an open, 1600 by 800 metres gold-in-soil geochemical anomaly with peripheral anomalies that also remain open, 1100 by 50 metres and 800 by 800 metres in size. A 50-sample preliminary BLEG soil sampling program in 2017 targeted the upper portions of the Junction Creek sandstone in the mine area. This small survey confirmed the historic sampling, identifying anomalous (>50 ppb) gol...