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Drilling Resumes at Alianza’s Horsethief Gold Property in Nevada

Mining News - Published on Mon, 27 Jul 2020

Image Source: Alianza Minerals Horsethief Gold Property
Alianza Minerals Ltd reported that crews have returned to site for completion of the 2020 reverse-circulation drilling program at the Horsethief Gold Property, Nevada. This work is funded by partner Hochschild Mining, a subsidiary of Hochschild Mining PLC under an option to earn a 60% interest in the project by funding exploration expenditures of US$5 million over 5.5 years. Drilling is underway at pad RC-10, the seventh hole of the program. Six holes have been completed to date, totalling 1,770 metres of drilling. Analytical results from the initial holes of the 2020 program have yet to be received and are expected soon. Results will be released once the QA/QC process and integration into the project database are complete.

Horsethief is located 16 miles east of the historic mining town of Pioche, NV. The current Notice of Intent, approved by the United States Bureau of Land Management, allows for up to 3,000 metres of drilling in ten holes.

Drilling at Horsethief follows a very successful 2019 program that included detailed mapping focussed on lithology, structure and alteration of the prospective limestone and dolostone stratigraphy exposed at Horsethief. Significantly, based on lithological characteristics and fossil identification, this work confidently assigned stratigraphic ages ranging from upper Cambrian to lower Ordovician. This is an important age determination as it corresponds to the ages of rocks hosting other major deposits such as the Long Canyon Gold Mine.

Additionally, the 2019 work program identified a new window of upper Cambrian to lower Ordovician-aged carbonate stratigraphy with significant jasperoid alteration in the northeast portion of the property. An additional 26 claims were staked to cover this occurrence as well as prospective stratigraphy identified in the southern portion of the property.

Horsethief hosts five primary drill targets; four target areas defined by surface exposures of altered carbonate rocks and one target at depth, interpreted from induced polarization and resistivity geophysical surveys.

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Posted By : Yogender Pancholi on Mon, 27 Jul 2020
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