Junior Firm Hunting for Silver in Canada’s Yukon with Coeur Mining
by Mike Fagan
Junior explorer and prospect generator Alianza Minerals (TSX-V: ANZ)(OTC: TARSF) — currently trading around C$0.10 per share — has commenced exploration activities at its Tim Silver Project in Canada’s Yukon, which is being advanced via a joint venture agreement with Coeur Mining (NASDAQ: CDE).
Under the agreement, Coeur can earn-in 80% by way of cash and exploration expenditures totaling ~C$4 million along with the completion of a feasibility study.
The project is situated just 19 km northeast of Coeur’s Silvertip silver-zinc-lead underground mine (non-operational) located in northern British Columbia just south of the Yukon border. Silvertip is one of the highest-grade silver-zinc-lead operations in the world and sits within a highly prospective land package — making the Tim Silver Project an obvious fit with Coeur’s western Canadian operations.
Historical trenching at Tim has uncovered silver-lead-zinc bearing iron and manganese oxides over widths of up to 30 meters over a strike length of 1 km. The Alianza team believes the property has the potential to host a high-grade silver-lead-zinc deposit similar in nature to Silvertip.
Phase-one exploration at Tim will target high-grade silver-lead-zinc mineralization and will consist of a SkyTEM airborne geophysical survey to be followed by groundwork with Coeur as operator.
Additionally, Alianza is preparing to drill its 100%-owned Haldane Silver Project — also in the Yukon — which, last year, produced a highlight intercept of 818 g/t silver, 3.47% lead, and 1.03% zinc (980 g/t silver-equivalent) over 3.3 meters.
And finally, with copper trading at 10-year highs above US$4.50 per pound, Alianza is actively seeking a joint venture partner to develop its drill-ready Yanac copper-molybdenum porphyry prospect in Peru. Management recently acquired drill data from a previous reverse circulation program at the property; initial targets are being delineated for a potential phase-one drill program.
Our own Gerardo Del Real of Junior Resource Monthly caught up with CEO, Jason Weber, for a quick update on all-things Alianza. Listen to the interview by clicking here (transcript 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.