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Alianza hits high grades at Haldane

Alianza Minerals (TSXV: ANZ) shares lifted as it confirmed high-grade silver mineralisation amid limited historical underground workings at its Haldane project in Canada’s Yukon.
Alianza hits high grades at Haldane Alianza hits high grades at Haldane Alianza hits high grades at Haldane Alianza hits high grades at Haldane Alianza hits high grades at Haldane

Looking west to Mt Haldane at Alianza Minerals’ Haldane project in Canada’s Yukon

Staff reporter

The latest highlights included 1.02m at 455g/t silver at the Middlecoff zone; and 0.35m grading 996g/t silver, 1.486g/t gold and 28.35% lead.

President and CEO Jason Weber said the company was just starting to understand the orientation of the high-grade shoots which had been targeted since the 1920s at the property, in the territory's Keno Hill silver mining district.

"Drilling at the Middlecoff zone has confirmed the presence of a wide structure capable of hosting high-grade silver mineralisation in a series of anastomosing faults," he said.

The company also has projects in British Columbia, Nevada and Peru, and was liked by John Kaiser of Kaiser Research for its Nevada prospectivity at the annual Sprott Natural Resources Symposium in Vancouver in July.

It had working capital of about C$158,000 at June 30 then raised $1.1 million in July at 5c per unit and 6c per flow-through share.

Alianza closed up 15.4% or 1c on Friday to 7.5c, capitalising it at $6.2 million (US$4.7 million) and representing a rise of 25% year-to-date.