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Alianza Minerals retains 100% interest in BP and Bellview projects, provides an update on the Tim Project
BP and Bellview, Nevada Gold projects, recovered 100%. Tim Silver Project earn-in agreement deal not yet complete. VANCOUVER, British Columbia, Nov. 26, 2019 (G
About this update from Silver North Resources Ltd.
[{"type":"text","content":" BP and Bellview, Nevada Gold projects, recovered 100%. Tim Silver Project earn-in agreement deal not yet complete. VANCOUVER, British Columbia, Nov. 26, 2019 (GLOBE NEWSWIRE) -- Alianza Minerals Ltd. (TSX-V: ANZ) (OTC: TARSF) (“Alianza” or the “Company”) reports that it has been informed by partner Hochschild Mining PLC (“Hochschild”) that Hochschild will not be going ahead with the earn-in on the BP and Bellview gold projects in Nevada. However, Hochschild will maintain the earn-in on the Horsethief Gold Project in southeast Nevada and will commence a drill program as soon as feasible in 2020. Thus, Alianza retains its 100% ownership of the BP and Bellview projects and will complete an assessment of the projects to outline the next steps to move these projects forward. Further to the announcement issued by Alianza on June 20th whereby a Letter of Intent (LOI) pertaining to an option agreement on the Company’s Tim Silver Project in southern Yukon Territory, a definitive agreement has not yet been completed with the optionee. Alianza believes that that this agreement will be completed and will work to complete the agreement but remains free to consider other options for this project. “I would like to thank Hochschild for their efforts to advance the BP and Bellview properties. Even though these two early-stage targets don’t fit their criteria to continue funding exploration, we see excellent potential to advance them and are prioritizing our next steps,” stated Jason Weber, P.Geo., President and CEO. “We look forward to our continued relationship at Horsethief and to our first drill test of this exciting gold property as soon as weather conditions allow.” BP and Bellview Gold Projects, Nevada Hochschild funded the 2019 exploration campaign consisting of mapping and sampling on the BP gold project located 57 kilometres south of Carlin, Nevada and 41 kilometres northwest of Kinross Gold Corporation’s Bald Mountain Gold Mine. Exploration focussed on stratigraphic mapping to determine the ages of units present on the property and to identify lithologic characteristics that may provide conduits and traps for gold-bearing fluids. Additionally, structural and alteration mapping was completed and 150 rock samples were collected. Mapping confirmed the presence of a northwest-trending central graben on the property that is bounded by Simo...