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Drilling Underway at Alianza's Horsethief Gold Project, Nevada
(via TheNewswire) Vancouver, B.C. - TheNewswire - June 1, 2020 - Alian...
About this update from Silver North Resources Ltd.
[{"type":"text","content":"Drilling Underway at Alianza's Horsethief Gold Project, Nevada(via TheNewswire)\n \n \nVancouver, B.C. - TheNewswire - June 1, 2020 - Alianza Minerals Ltd. (TSXV:ANZ) (OTC:TARSF) (\"Alianza\" or the \"Company\") reports that the reverse-circulation (\"RC\") drilling program at the Horsethief Gold Property, Nevada has commenced. This program is funded by partner Hochschild Mining (US), a subsidiary of Hochschild Mining PLC (\"Hochschild\", LSE:HOC). Hochschild holds an option to earn a 60% interest in the project by funding exploration expenditures of US$5 million over 5.5 years. This program consists of up to 10 holes for a total of 2,600 meters and tests a wide area of the project. \n\n \n \nThe first two holes are located at the Horsethief North target (sites RC-P2 and -P4 in the attached map) to test stratigraphy below the extent of historic drilling. The presence of gold associated with jasperoid alteration and karst features at surface and in shallow drilling is a favourable indicator of potential at depth. From Horsethief North, the rig will move to Horsethief South (sites RC-P6 and -P5) to test similar targets before moving to the Mustang and Stallion target areas. Holes at Mustang and Stallion will also test for gold mineralization at the contact of cover volcanic rocks and the carbonate sediments thought to extend below. \n\n \n \nHighlights:\n\n\n \n- Horsethief hosts Upper Cambrian to Lower Ordovician rocks known to host other important precious metals in Nevada.\n\n\n \n- Four primary target areas defined by gold-bearing altered carbonate rocks on surface and in shallow drilling; one target at depth interpreted from geophysical surveys.\n\n\n \n- Current program is testing the upper Cambrian/lower Ordovician contact in proximity of historic drilling that returned 39.6 metres averaging 0.79 g/t Au and 13.7 m averaging 1.22 g/t gold. \n\n \n \nHorsethief is located 25 km (16 miles) east of the historic mining town of Pioche, NV. The current Notice of Intent (\"NOI\"), recently 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 \nHorsethief Property\n\n \n \nDrilling at Horsethief follows a very successful 2019 program that included detailed mapping focussed on lithology, structure and alteration of the prospective limestone and dolostone st...