During a year full of COVID-19 surprises and -distractions, Alianza Minerals (ANZ.V) was able to continue with their drill programs, funded by either partners like Hochschild or themselves. As the results at the Horsethief project disappointed (best result was 76m @ 0.185g/t Au), Hochschild elected to terminate the option agreement, so the project was returned to Alianza again.
As I discussed recently in other articles, 2020 is shaping up to be a remarkable year, with COVID-19 disrupting the markets and real economy, prompting central banks around the world with huge stimulus packages to perform damage control. The negative real interest rates combined with a devaluating US Dollar appeared to be the perfect storm for precious metals, including silver, the metal of focus for Alianza Minerals (ANZ.V).
Alianza Minerals (ANZ.V) was ready for their Phase II drill program at their fully owned flagship Haldane silver project, after their Phase I drill target defining program was completed earlier during the summer of last year. The company has been busy raising additional cash for 2020 exploration, and it started out with a small financing of $250,000 at 5 cents per unit on January 30, 2020.
All cashed up after raising C$1.1M in an oversubscribed financing in July, Alianza Minerals (ANZ.V) was ready for their 2019 Phase II drill program at their flagship Haldane silver project, after their Phase I drill target defining program was completed earlier this summer, and drilling begun in late August.
After Alianza Minerals (ANZ.V) increased the earlier announced C$750k financing to C$1M after it received plenty of interest, this C$0.05 round eventually closed at C$1.1M, which is nothing but successful for a tiny C$5M market cap at the time of closing.
After Alianza Minerals (ANZ.V) increased the earlier announced C$750k financing to C$1M after it received plenty of interest, this C$0.05 round eventually closed at C$1.1M, which is nothing but successful for a tiny C$5M market cap at the time of closing.
Alianza Minerals (ANZ.V) is the second hybrid prospect generator I am discussing in a short period of time, after closely related Avrupa Minerals (AVU.V). Both companies are guided by Pacific Opportunity Capital, a Vancouver financial consulting and merchant banking firm, led by Mark T.