June 23, 2022
Hybrid prospect generator Alianza Minerals (TSX-V: ANZ)(OTC: TARSF) — currently trading below C$0.10 per share — is set to drill the Klondike copper project, Colorado, with earn-in partner Allied Copper Corp. funding the program.
Permits are now in place with drilling slated to commence in mid-July. Alianza VP Exploration Rob Duncan commented via press release:
“Our previous mapping and sampling work and recently completed magnetics survey together have identified compelling targets for drill testing. We are looking forward to working with Allied to advance Klondike.”
The Klondike property lies within the underexplored Paradox Copper Belt of southwestern Colorado. A 2021 work program consisting of mapping, stream sediment sampling, and rock sampling at the Northeast Fault target returned 1.56% copper over a 4.6-meter chip sample.
It will be exciting to have the drills turning at this US-based copper project in the current US$4/lb copper environment.
Additionally, Alianza has filed a 43-101 compliant Technical Report on its flagship, 100%-owned Haldane silver project in Yukon, Canada. Targets are currently being delineated for a phase-one drill program slated for summer 2022.
Also in the Yukon, permitting is underway at the Tim silver project, which is being advanced via a joint venture with NYSE-listed Coeur Mining. The project is situated just 19 kilometers from Coeur’s Silver Tip Mine in northern British Columbia; a summer 2022 drill program is currently in the planning stages for Tim.
So plenty of shots-on-goal for Alianza Minerals this summer, which is a hallmark of the hybrid prospect generator model. The company — which has a tiny market cap below C$10 million — currently has copper, silver, and gold projects in British Columbia, Yukon, Colorado, Nevada, and Peru.
Alianza Minerals is also actively reviewing additional projects for potential acquisition and is seeking potential joint venture partners for some of the other projects in its robust property portfolio.
For more on Alianza Minerals — including our exclusive interviews with upper management — please visit Resource Stock Digest.
Yours in profits,
Editor, Resource Stock Digest