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Drilling Completed at Alianza's Horsethief Gold Property, Nevada
(via TheNewswire) - 10 holes completed, testing 5 targets - Dril...
About this update from Silver North Resources Ltd.
[{"type":"text","content":"Drilling Completed at Alianza's Horsethief Gold Property, Nevada(via TheNewswire)\n \n \n\n\n- 10 holes completed, testing 5 targets\n\n\n\n- Drilling confirms stratigraphy, alteration and anomalous gold mineralization\n\n\n\n- Analytical results for seven holes pending\n\n\n\n \n \nVancouver, B.C. - TheNewswire - August 6, 2020 - Alianza Minerals Ltd. (TSXV:ANZ), (OTC:TARSF) (\"Alianza\" or the \"Company\") reports that the 2020 reverse-circulation (\"RC\") drilling program at the Horsethief Gold Property, Nevada has been completed. 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. Ten widely-spaced holes totalling 2,804 metres were completed, testing five target areas over 3.5 square kilometres. \n\n \n \nGold assays have been received for the first three holes of the program, with the remaining seven holes in process. These three holes confirmed the presence of favorable host stratigraphy, alteration, and/or anomalous gold mineralization at the Horsethief North (20HT-001 and 002) and the Horsethief South (20HT-003) targets. Both targets received exploratory drilling in the early 1980's. All three holes were collared in Ordovician limestone or dolomite and were drilled deep enough to test Cambrian limestones and dolostones. Anomalous gold values were intersected in the upper sections of 20HT-001 and 003 predominantly from intervals of silicification, jasperoid, hematitic brecciation, and karst or fault fill within limestones. The top 42.6 metres of 20HT-001 encountered anomalous gold values (high of 0.2 g/t gold) from silicified limestone and dolostone with intervals of jasperoid and limonitic/hematitic brecciation. Anomalous gold values were encountered throughout the initial 122 metres of 20HT-003 at the HT South target with intervals of jasperoid that returned 0.13 g/t gold over 12.2 metres from 4.6 metres depth and 19.9 metres of 0.11 g/t from 50.3 metres depth. There were no significant gold intercepts in hole 20HT-002.\n\n \n \nThe remaining 7 holes explore untested targets in the Thoroughbred (20HT-010), Horsethief South (20HT-004, 20HT-005) and extensions eastward of the primary carbonate window under volcanic cover (Mustang) towar...