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Alianza Minerals Drilling Update for Haldane Silver Property in YT

Mining News - Published on Tue, 05 Nov 2019

Image Source: SteelGuru
Alianza Minerals Ltd reported the remaining two holes from the Haldane Silver Property drilling program. Both holes were drilled at the Middlecoff zone at the Mt Haldane Vein System, targeting high-grade silver mineralization found in historic underground workings. Highlights include a 1.02 metre sample within the Middlecoff Zone that assayed 455.0 g/t silver in HLD19-16 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. These results follow the recent confirmation of a second target area at the Bighorn Zone, three kilometres east of the Middlecoff Zone. Mr Jason Weber, President and CEO, said “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. We are just starting to understand the orientation of the high-grade shoots that were targeted since the 7 920's, and with the new information from this drilling we can adjust our interpretation and target drilling in subsequent phases."

Two holes HLD19-16 (187 metres, -60° at 085°) and 17 (200 metres, -70° at 090°) targeted the Middlecoff Zone along strike from a high-grade silver-bearing vein which returned an average of 775 g/t Ag in a series of 17 historic chip samples averaging 1.0 metre wide over 13.7 metres of strike. Hole HLD19-16 targeted this zone along a shallow plunge and intersected significant mineralization in the Middlecoff Zone from 110.30 to 125.00 metres downhole, crossing at least three mineralized vein-faults; from 110.30 to 112.76 metres, from 115.46 to 117.70 metres, and from 120.55 to 122.57 metres. The zones consist of strongly oxidized, fractured and broken core with fault gouge and little remnant sulphide. Between these structures, the core is altered and mineralized with galena present in veins where preserved. Of note is the uppermost intersection within the Middlecoff zone which included a 0.35 metre section of 996 g/t silver and 1.486 g/t gold. This mineralization was marked by elevated gold-copper-antimony-arsenic values in contrast to the other intersections downhole which are lower in these elements. Further downhole, two additional mineralized structures were also intersected from 133.00 to 133.40 metres and 153.55 to 156.00 metres (Footwall Veins).

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Posted By : Rabi Wangkhem on Tue, 05 Nov 2019
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