Mike Fagan,
Editor
Aug. 18, 2022
Hybrid prospect generator Alianza Minerals (TSX-V: ANZ)(OTC: TARSF) — currently trading around C$0.05 per share — has commenced Phase-1 drilling at the Klondike Copper Project, located south of Naturita, Colorado, where surface sampling has recovered significant grades up to 6.23% copper.
The 1,000-meter program will test three separate multi-kilometer copper-mineralized targets at the West Graben, East Graben, and Northeast faults via a minimum of five drill holes.
Alianza executive chairman Mark T. Brown commented via press release:
“We are extremely pleased to have drilling underway at Klondike, just over one year after announcing its acquisition with our alliance partner, Cloudbreak. It is very encouraging that we are uncovering new copper occurrences as we build access into the drill pads, strengthening our conviction that we are testing robust copper targets.”
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The maiden drill program — which is expected to take about four to six weeks to complete with assays due starting in the fourth quarter — is being fully funded by Alianza’s partner Allied Copper Corp.
That type of funding arrangement is a hallmark and key operating advantage of the prospect generator model as it gives Alianza numerous shots-on-goal as multiple properties within its vast portfolio are explored by way of partner-funded programs.
The 843-hectare (2,083-acre) Klondike property is of particular interest as it is an extremely underexplored copper project situated in the mining-friendly state of Colorado and, more importantly, within the Paradox Copper Belt.
Our own Gerardo Del Real of Junior Resource Monthly sat down with Alianza Minerals CEO Jason Weber to go over the current drilling progress at Klondike, plus a look at some of the other key projects in the ANZ portfolio. Enjoy!
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest