Phase-Two Drill Program Commencing in Historic Yukon Silver District
by Mike Fagan
Alianza Minerals (TSX-V: ANZ)(OTC: TARSF) — currently trading around C$0.10 per share — has announced the mobilization of equipment for its upcoming drill program at its 100%-owned Haldane Silver Project located in the historic Keno Hill Mining District of Yukon Territory, Canada.
The upcoming 2021 program is a follow-up to last year’s Phase One program, which produced a highlight intercept of 311 grams per tonne (g/t) silver, 0.89% lead, and 1.13% zinc over 16 meters — including a higher-grade core of 818 g/t silver, 3.47% lead, and 1.03% zinc (980 g/t silver-equivalent) over 3.3 meters.
Alianza president & CEO, Jason Weber, P.Geo — whom you’ll be hearing more from momentarily — commented via press release:
Boasting 200 million-plus ounces of historic silver production, the Keno Hill Mining District is one of the world’s highest-grade silver camps and Canada’s second-largest silver producer.
The Phase Two program will test for potential high-grade mineralized shoots along strike and down dip of last year’s highlight hole in the West Fault zone.
Far from a one-trick pony, Alianza is a hybrid explorer\prospect generator with precious and base metals projects in well-established mining jurisdictions in the Yukon, British Columbia, Nevada, Colorado, and Peru.
That includes the Tim Silver Project, Yukon Territory, which is being advanced via a joint venture with Coeur Mining (NASDAQ: CDE) 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 finally, with copper approaching 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 Alianza president & CEO, Jason Weber, to discuss the copper porphyry potential at Yanac as well as the upcoming Phase Two drill program at the flagship Haldane silver project. You can catch that interview here.
Be sure to also check out 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.