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A Canadian Silver Story You Can’t Afford to Miss

Stockhouse Editorial
1 Comment| August 30, 2021

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(Plan map of West Fault Complex drilling. Image via Alianza Minerals Ltd. Click to enlrge)

The demand for silver is expected to see continued strength throughout the remainder of the year, with the global total forecast projected to reach a six-year high this year of more than 1 billion ounces.

Click to enlargeSilver is also essential to the green revolution, the solar panel industry, and is a prime conductor necessary for electronics and electric vehicles. There will be a huge demand for silver in addition to its current industrial and jewelry demand, and companies raking in these riches are likely to see exponential growth.

Enter: Canada-based exploration Company Alianza Minerals Ltd. (TSX-V: ANZ, OTC: TARSF, Forum), who has reported additional results from the 2021 drilling campaign at the Haldane high-grade silver property.

Drilling has focused on the West Fault Complex target where a strong vein-fault system with high-grade silver mineralization is being defined. Following up on the initial success in hole HLD20-19, HLD21-25 has further extended the West Fault mineralization by 62 metres down dip with an intersection averaging 1,107 g/t silver, 6.98% lead and 3.97% zinc (1,485 g/t silver-equivalent(2)) over 1.60 metres (estimated true width of 1.00 metres). The 8,579-hectare Haldane Property is located in the western portion of the Keno Hill Silver District, 25 kilometres west of Keno City, YT.

West Fault Target Drill Intercepts:

Hole From (m) To (m) Interval
(m)
Est True Width (m)(1) Silver
(g/t)
Gold
(g/t)
Lead
(%)
Zinc
(%)
Silver Eq.(2)
(g/t)
HLD21-23 211.1 211.4 0.3(3) 0.18 145 0.53 0.30 19.3 925.6
HLD21-24 265.86 271.1 5.24(3) 3.14 1351 0.08 2.43 2.91 1542
Including 269.0 271.1 2.10 1.26 3267 0.11 5.80 7.02 3720
HLD21-25 293.44 300.27 6.83 4.27 363.4 0.14 1.73 2.80 534.2
Including 295.80 297.40 1.60 1.00 1107 0.16 6.98 3.97 1485
(1) True width of the vein and breccia mineralization is estimated to be 50-70% of the core length intersection with the exception of HLD21-25 where precise measurements of vein contact angles yields 62.5% of the core length intersection. A value of 60% is used for the purposes of reporting HLD21-23, 24 and 62.5% for HLD21-25.

(2) Silver-equivalent values are calculated assuming 100% recovery using the formula: ((20 * silver (g/t) / 31.1035) + (1650 * gold (g/t) / 31.1035) + (0.90 * 2204 * lead %/100) + (1.10 * 2204 * zinc %/100)) *(31.1035 / 20). Metal price assumptions are US$20/oz silver, US$1650/oz gold, US$0.90/lb lead and US$1.10/lb zinc.

(3) Core recovery is estimated at 70-75% for HLD21-24 and 25, with the exception of a 0.80 metre section of HLD21-24 where recovery was zero. A value of zero was assigned to silver, gold, lead and zinc for the section of zero core recovery for the purposes of composite interval calculations. Core recovery is estimated at 46% for HLD21-23.


Exploration at Haldane is targeting extensions of historical high-grade silver production on the property as well as recently defined targets, such as the West Fault, in new areas of the property.

Chief Executive Officer Jason Weber explained in an August 2021 media release for investors that, the team continues to expand the West Fault Complex mineralization at Haldane

“We have now extended the known mineralization 62 metres down dip in this hole and in our previously released HLD21-24, we have extended mineralization 75 metres down dip and approximately 50 metres along strike of HLD20-19. The additional holes at West Fault Complex are showing that it is a large structure with excellent potential for additional high grade silver mineralization.”

A geologist with over 25 years of experience in the minerals exploration industry, he added that this represents the Company’s third high-grade silver intersection.

His Company is engaged in the acquisition and exploration of mineral properties. Some of its properties include Yanac Project, Horsethief, Bellview, Twin Canyon, BP, Haldane, and KRL. Its geographical segments are United States, Canada, and Peru. A hybrid project generator, Alianza is preparing to release more drill results from its portfolio of projects, chief among them the Haldane Property.

The Company is also working toward building out a number of different aspects of building this business model, which includes bringing in new projects, looking at new partnerships on existing companies.

There is currently much uncertainty in the markets, but that sentiment could change as we enter a season that is normally positive for gold and silver.

The outlook is very positive for Alianza, from future drill results to the potential for additional partnerships and new acquisitions, especially when backstopped by the likelihood of a strong precious-metals market. Late summer to early fall 2021 could represent a solid buying opportunity in the sector in general, and even more so for active companies like Alianza Minerals Ltd.

To keep up with what’s happening around the Company, visit alianzaminerals.com.


FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.



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