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Alianza Minerals shares head north as it reports encouraging drill assays from Yukon project

Published: 11:00 01 Nov 2019 EDT

Alianza Minerals Ltd -
Highlights reported today from the Middlecoff zone include a 1.02 metre sample, which assayed 455 grams per ton (g/t) silver in one hole

Alianza Minerals Ltd (CVE:ANZ) shares advanced in Toronto Friday as the explorer unveiled positive drill results from its Haldane high-grade silver prospect in Yukon.

The assays are from two holes sunk at the Middlecoff zone at the Mt Haldane vein system targeting historic workings.

This year’s phase 2 drill program at the 8,579 hectare property has seen 963 metres cored in four holes. One hole was completed at each of the Ross and Bighorn anomalies, and two holes at the Middlecoff Zone.

Highlights reported today from the  Middlecoff zone include a 1.02 metre sample, which assayed 455 grams per ton (g/t) silver in one hole from a broader 10.66 metre section that averaged 125.6 g/t silver.

A separate intersection returned 996 g/t silver, 1.486 g/t gold and 28.35% lead over 0.35 metres, the company said.

The results come on the back of recent confirmation of a second target area at the Bighorn Zone, three kilometres east of the Middlecoff Zone.

"Drilling at the Middlecoff Zone has confirmed the presence of a wide structure capable of hosting high-grade silver mineralization in a series of anastomosing faults,” said Jason Weber, president and CEO.

"We are just starting to understand the orientation of the high-grade shoots that were targeted since the 1920’s, and with the new information from this drilling we can adjust our interpretation and target drilling in subsequent phases."

Shares in Alianza added 7.69% to C$0.070 on the day.

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