Alianza Minerals is a prospect generator with a hybrid business model of joint venture funding and self-funded projects to maximize opportunity for exploration success. The company currently has gold, silver and base metal projects in Yukon Territory, British Columbia, Nevada and Peru, and several royalties in Mexico. The flagship project of Alianza is the Haldane project in the Yukon, and other important projects are the Tim Silver project in the Yukon, and Horsethief in Nevada. Horsethief 2020 drilling hasn't been successful so far, but management and JV partner Hochschild are analyzing the latest drill results to see if there are any leads towards new drilling targets.
The 8,579 hectare Haldane Silver Property is located 25 km west of Keno City, Yukon Territories in the western portion of the Keno Hill Silver District where companies such as Alexco Resource Corp. and Metallic Minerals Corporation are currently exploring, and Victoria Gold Corp.’s Eagle Gold Mine Silver is nearby. Keno Hill is one of the highest grade silver districts in the world, and production began in 1913, with over 200 million ounces of silver produced through 1989. Production statistics from the Yukon government Minfile (2003) state that 4.87 million tonnes were mined at an average grade of 1,389 g/t silver, 5.62% lead and 3.14% zinc in that time.
Haldane shares lots of aspects with the Keno Hill mining camp:
-Quartzite (Keno Hill) host.
-Proximity to Robert Service Thrust
-Vein and breccia mineralization hosted by complex fault systems
- Galena, sphalerite, plus tetrahedrite and possibly pyrargyrite
- quartz and manganiferous-carbonate gangue are prevalent
- better grade commonly in proximity to northwest cross-faults
Again no certainty, but considering the high grade samples already found, the old adit production and the somewhat lower grade veins already hit, Alianza could be circling around some very interesting mineralization.
The Tim project in the Yukon is an analogy with the Silver Tip Mine owned by Coeur Mining. This company is the JV partner of Alianza on the Tim Project, and both companies are planning early stage exploration at the moment.
Alianza recently closed a C$3.2M oversubscribed financing, which enables management to continue drilling at Haldane, which has started in October 2020. 64% of outstanding shares is tightly held by funds, high net worths and insiders, of which management controls 14% so there is serious skin in the game.
Share price Alianza Minerals: