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Alianza Minerals Commences Nevada Gold Exploration Programs
Exploration planned on three properties in 2019 with partner Hochschild Mining Horsethief and Bellview programs underway, BP to start in early summer VANCOUVER,
About this update from Silver North Resources Ltd.
[{"type":"text","content":" Exploration planned on three properties in 2019 with partner Hochschild Mining Horsethief and Bellview programs underway, BP to start in early summer VANCOUVER, British Columbia, May 01, 2019 (GLOBE NEWSWIRE) -- Alianza Minerals Ltd. (TSX-V: ANZ) (“Alianza” or the “Company”) reports that field work has started on two of the three properties recently optioned to Hochschild Mining (US), Inc, a subsidiary of Hochschild Mining PLC (“Hochschild”, LSE:HOC). A magnetics survey has commenced at the Bellview property located in the southern extension of the Carlin Trend, 13 km north of the Bald Mountain Mine. At the Horsethief property located 26 km east of Pioche, NV, a detailed mapping program to refine drill targets shortly. Work at BP will start in late May or early June. Hochschild is funding this work under a commitment to fund a minimum of US$700,000 amongst the three properties. 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. Alianza is the operator of the exploration programs. “We are pleased to be active in the field and advancing these projects,” stated Jason Weber, P.Geo., president and CEO of Alianza. “For the sake of efficiency and timing for follow-up drill programs, field crews are starting at Horsethief and Bellview. It is expected that the crews will finish up at Horsethief in late May or early June and move to BP for a mapping and sampling program. During this time results can be compiled and targets prioritized at Horsethief for a subsequent drill program.” For more commentary from Jason Weber view the video here: https://www.youtube.com/watch?v=irmS_nSmDF0 Horsethief Gold Project, NV 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 and 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 metres averaging 0.79 g/t gold with four holes terminating in mineralization. Subsequent geophysical surveys (...