Business
Imperial X and Alianza Minerals Form Southern US Copper Exploration Alliance
(TheNewswire) Vancouver, BC – TheNewswire - June 15, 2021 ...
About this update from Silver North Resources Ltd.
[{"type":"text","content":"Imperial X and Alianza Minerals Form Southern US Copper Exploration Alliance\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, BC –\n \n \n TheNewswire -\n \n \n June 15, 2021 – Alianza Minerals Ltd.\n(TSXV:ANZ\n \n \n )\n \n \n (\n \n \n OTC:TARSF) (“Alianza”)\n \n and Imperial X PLC (LSE:CDL)\n(“Imperial X”) announce the two companies have struck a Strategic\nAlliance to explore for copper deposits in the United States. This\nalliance will focus on the identification, acquisition and advancement\nof copper projects in the states of Arizona, Colorado, New Mexico and\nUtah. Together, the two companies intend to identify new copper\nexploration opportunities to acquire and advance with the intent of\nfinding a partner to further the projects.\n \n \n Jason Weber, President and CEO of Alianza, noted that “We are\nlooking forward to identifying a robust portfolio of copper projects\nwith the Imperial X team. We started this process in 2020 and are\nexcited to bring Imperial X’s expertise, together with our own, to\ntake advantage of these opportunities.”\n \n \n Kyler Hardy, President and CEO of Imperial X expressed his enthusiasm\nfor working with the Alianza team, “Entering into this alliance will\nenhance our initial target evaluation and accelerate our ability to\npursue opportunities throughout the region with enticing examples of\nmineralization to target. These are the types of relationships that\nhave worked well for Imperial X in the past and follows in line with\nthe objectives of Imperial X.”\n \n \n Under the terms of the Alliance, either company can introduce projects\nto the Strategic Alliance. Projects accepted into the alliance will be\nheld 50/50 but funding of the initial acquisition and any preliminary\nwork programs will be funded 40% by the introducing partner and 60% by\nthe other party. Project expenditures are determined by committee,\nconsisting of two senior management personnel from each party. Alianza\nis the operator of alliance projects unless the Alliance steering\ncommittee determines that Imperial X would be a more suitable\noperator, on a case-by-case basis. The term of the Alliance is two\nyears and can be extended for an additional two years.\n \n \n Alianza and Imperial X expect to make project acquisitions for...