Alianza Minerals (TSX-V: ANZ)(OTC: TARSF) CEO Jason Weber on Targets at Twin Canyon Gold Project & Exploration in 2021
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the president and CEO of Alianza Minerals – Mr. Jason Weber. Jason, how are you this morning?
Jason Weber: Very well, thanks Gerardo, and nice to talk to you.
Gerardo Del Real: Good to have you back on, you had some news. Let me read the headline and then I'll let you provide the context.
The headline reads “Alianza Minerals increases size of gold in soils anomaly to over three kilometers at the Twin Canyon project in Colorado, here in the U.S.” Gold values 0.52 to 6.28 grams per tonne from underground grab samples, and drill program permitting underway. Provide some color for us if you'd be so kind, Jason.
Jason Weber: Yeah, the news release is really just a wrap-up of the work we got done through the fall at Twin Canyon. And it was really a combination of some surface work. And then we really wanted to get a better understanding of what might be controlling mineralization underground, and this all sets up for targeting for a drill program that we would, if we were to find a partner, we could do hopefully later this year. So it really all funneled into this idea that let's start to put some drill plans together. And to do that, we had to understand a little bit of what might be happening in the underground. So we went into the Charlene mine and took a fairly detailed look at some of the ways that mineralization was occurring. And I hate to call them veins.
They are veins, but they're really just these resistant shears in the sandstone that contained bitumen. And they're just a little harder than the surrounding rock and they have more bitumen than the surrounding rock. And we found that these Northeasterly striking sets of these bitumen veins were more mineralized or better mineralized than some of the other orientations. So that was good. That helps us now, when we orient a drill core from surface, we know we want to cut those veins as orthogonally as possible. So we're going to set up at a right angle to those and that'll help determine our drill direction. And when you consider that with the work that we've done, we've expanded the strike length of the soil geochem anomaly, really just testing along the exposures of where we see the junction create sandstone, which is the prospective host unit.
You need something to orient you in that 3,000 meters of, "Okay we know near the Charlene mine, there's gold mineralization, but what's the best way to cut it?" So we've got a much better feel for that now. And that helps us set up now for permitting the next program, which we're in the process of doing right now.
Gerardo Del Real: Excellent. And I imagine that you're in the process of planning exploration at multiple projects, given the recent exploration success, right?
Jason Weber: Yeah, absolutely. So, with the success at Haldane, particularly at our west fault target, that's where we’ll spend the majority of our exploration expenditures this year, but we'll target west fault in particular, in detail. We'll probably spend 80% of the budget for Haldane at west fault. Somewhere in that 80% range, 75, 80%. Outside of that, you know, these other projects that we really like, like Twin Canyon, we'll be seeking a partner to move those forward. So we've been getting the word out and talking to various groups who may be interested in taking the project on and advancing it. And to be honest, that was the plan at Twin Canyon all along was to bring somebody in. With Haldane being the focus for our exploration efforts, funded from Alianza's treasury.
Gerardo Del Real: How's the treasury looking Jason?
Jason Weber: Just under $2 million in the treasury right now. At least a million of that will go to the drilling at Haldane, which we hope to start up late April. We've got a drill contract set for that. So now it's just the logistics of getting camp in and people up there and a drill on-site. So that'll take us into late April if the weather allows us to get in there that early.
Gerardo Del Real: Well, I'm excited, full disclosure. I've purchased shares in the market recently, quite a few, holding through the drill program. Obviously I think that you're going to have continued success there, or I obviously would not have bought the shares. Right? Anything else you'd like to add to that, Jason?
Jason Weber: Well, when we look at what else we've got on the go, I think it's going to be not just Twin Canyon and Haldane that can generate news force this year. We've been working on, maybe a topic for another discussion another day, is a copper generative program that we hope to have some news on in the midterm. And then with Couer being active at our Tim project in the Southern Yukon, that'll get going with a SkyTEM survey this spring, it's going to be a busy year for us. It's really looking forward to getting out in the field and getting work done on all these projects, but also seeing the results generated from them. And hopefully there'll be exciting and our investors will see that throughout the year.
Gerardo Del Real: A lot to like for a company with a market cap sub-$14 million Canadian. A lot of shots on goal there.
Jason Weber: Yeah.
Gerardo Del Real: Good stuff, Jason.
Jason Weber: Absolutely.
Gerardo Del Real: Thank you so much for your time as always. Looking forward to having you back on soon.
Jason Weber: Thanks again Gerardo.
Gerardo Del Real: Appreciate it. Stay safe out there.