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- Intersection within an 8.72 m wide fault/vein zone averaging 311 g/t silver
- West Fault target open in all directions
- Step-out drilling at West Fault and Middlecoff planned for spring program
The West Fault structure, as interpreted from surface geology and historical drilling, is over 1,750 m in strike length. Drilling to date has successfully intersected the West Fault over a fraction of this strike length and the target remains open in all directions. The high-grade results from HLD20-19 now allow for additional vectoring along possible high-grade ore-shoot orientations.
“The breadth and grade of silver mineralization encountered at the West Fault indicates that this target, and the
The 2020 program at the West Fault was designed to follow up on a 2011 intersection of320 g/t silver, 1.12 g/t gold,0.67% lead and 0.86% zinc over 2.20 m obtained by a prior operator.HLD20-19 intersected 16.15 metres of heavily broken and faulted mineralization in the vein structure and adjacent footwall crackle breccia. HLD20-19 intersected the target structure 39 m along strike and 55 m down dip of the 2011 intersection. Much of the structure is heavily fractured and broken, but fragments of sulphide vein (galena, sphalerite +/- sulphosalts) in an iron-manganese carbonate matrix are evident. This is most apparent in a 4.48 m (estimated true width) intersection averaging 444 g/t silver, 1.54% lead, and 1.34% zinc.
HLD20-18 tested the West Fault 18 m along strike and 27 m down dip of the 2011 hole. HLD20-18 returned 96 g/t silver, 0.15% lead and 0.73% zinc over 3.73 m (estimated true width) from a well-defined structure dominated by iron-manganese carbonate gangue.
2020 Significant Drill Intersections – West Fault Target
------------------------------------------------------------------------------------- |Hole |From |To |Core |Estimated |Silver|Gold |Lead|Zinc |Silver-Equivalent| | |(m) |(m) |Length|True Width|(g/t) |(g/t)|(%) |(%) |(g/t)* | | | | |(m) |(m) | | | | | | |-----------------------------------------------------------------------------------| |HLD20-18 |246.85|248.00|6.80 |3.73 |96 |0.15 |0.15|0.73 |140 | |-----------------------------------------------------------------------------------| | | | | | | | | | | | |-----------------------------------------------------------------------------------| |HLD20-19 |225.50|226.01|0.51 |0.28 |226 |0.02 |4.61|25.90|1347 | |-----------------------------------------------------------------------------------| |and |246.85|263.00|16.15 |8.72 |311 |0.11 |0.89|1.13 |390 | |-----------------------------------------------------------------------------------| |including|252.00|260.30|8.30 |4.48 |444 |0.15 |1.54|1.34 |554 | |-----------------------------------------------------------------------------------| |including|257.00|260.30|3.30 |1.78 |818 |0.20 |3.47|1.03 |980 | -------------------------------------------------------------------------------------
Analytical values have been rounded.
*Silver-equivalent values are calculated assuming 100% recovery using the formula: ((20 * silver (g/t) / 31.104) + (1650 * gold (g/t) / 31.104) + (0.90 * 2204 * lead %/100) + (1.10 * 2204 * zinc %/100)) *(31.1035 / 20). Metal price assumptions are
Maps and cross-sections can be found below and on the Company’s website atwww.alianzaminerals.com/project/haldane/.
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Figure1: West Fault Plan View
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Figure2: West Fault - HLD20-18 and -19 Cross Section – View looking 050⁰, +/- 25 metres.
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About
Alianza employs a hybrid business model of joint venture funding and self-funded projects to maximize opportunity for exploration success. The Company currently has gold, silver and base metal projects in
The Company is listed on the
Mr.
For further information, contact:
----------------------------------------------------- |Jason Weber , President and CEO | | |Sandrine Lam ,Shareholder Communications | | | | | |Tel: (604) 807-7217 | | |Fax: (888) 889-4874 | | | | | |Renmark Financial Communications Inc. | | |Melanie Barbeau | | |mbarbeau@renmarkfinancial.com | | |Tel: (416) 644-2020 or (514) 939-3989 | | |www.renmarkfinancial.com | | | | | | | | |To learn more visit:www.alianzaminerals.com | | -----------------------------------------------------
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