Drills Turning on High-Grade Silver Target in Canada’s Yukon Territory
by Mike Fagan
Hybrid prospect generator Alianza Minerals (TSX-V: ANZ)(OTC: TARSF) — currently trading around C$0.10 per share — has commenced Phase-Two drilling at its 100%-owned Haldane high-grade silver property located in the historic Keno Hill Mining District of Yukon Territory, Canada.
The 20,000-acre Haldane property is largely unexplored and is situated in a prolific mining district with historic production of over 200 million ounces of silver. The planned four-hole program will focus on the West Fault target where Phase-One drilling intersected an impressive 311 grams per tonne silver over 16 meters.
Alianza CEO, Jason Weber — whom you’ll be hearing more from momentarily — commented via press release:
Additionally, on the prospect generator side of things, Alianza has base and precious metals projects in well-established mining jurisdictions in the Yukon, British Columbia, Nevada, Colorado, and Peru.
The company has a joint venture agreement with Coeur Mining on the Tim Silver Project, Yukon, wherein Coeur can earn-in 80% by way of cash and exploration expenditures totaling ~C$4 million along with the completion of a feasibility study. And, with copper trading firmly above US$4.50 per pound, Alianza is actively seeking a JV partner to develop its drill-ready Yanac copper-dominant project in Peru.
I’m impressed by the manner in which the Alianza team is deploying the hybrid prospect generator model as it develops the flagship Haldane project on its own while holding and/or seeking joint venture agreements on its other projects. The intelligent, dual-pronged strategy effectively conserves capital and spreads risk across multiple projects while simultaneously increasing the prospects for exploration success.
Look for the first batch of results from Phase-Two drilling at Haldane in June-July, and we’ll continue to keep you abreast of any major developments from the company’s partner-funded projects, particularly the Tim Silver Project, over the coming weeks and months.
Our own Gerardo Del Real of Junior Resource Monthly sat down with Alianza CEO, Jason Weber, for a detailed look at the current Phase-Two drill program at the flagship Haldane Silver Project in Canada’s Yukon. CLICK HERE TO LISTEN. Transcript is also available.
You can also access our feature report on Alianza Minerals here.
Yours in profits,
Editor, Resource Stock Digest
Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.