Alianza Minerals Gallops on New Samples
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Alianza Minerals Gallops on New Samples

Penny Stock Picks, Daily Trade Ideas, Market Commentary & More. Invest Like A Pro – Pro, Free For 14 Days!
By: Tomas Ronolski - News

Wednesday, November 7, 2018

It was a promising find in recent weeks for Vancouver-based Alianza Minerals (TSX-Venture:ANZ). The miner sampling at the recently-optioned the KRL Property has returned high-grade gold values from the KRL showing, including 122 g/t gold from a 50 cm-wide quartz vein.

The KRL Property is located in B.C.’s Golden Triangle, near the junction of McLymont Creek and the Iskut River, approximately five kilometres from the McLymont Creek and Forrest Kerr power generation plants. 

A total of 12 grab samples were collected from two steeply-dipping northwesterly and two northeasterly-oriented quartz veins in the vicinity of the KRL showing. Sampled veins range from 10-50 cm in width. 

Four samples of a 40-50 cm-wide vein (historic Trench 1) returned 3.15, 8.24, 122 and 7.94 g/t gold, respectively. These were collected over 18 metres strike length and compare favourably to historically reported results. 

Three samples were also collected from historic Trench 7 over a strike length of 16 metres, returning 7.43, 22.4 and 0.235 g/t gold from a 30 cm-wide vein, also confirming historic sampling.

Said CEO Jason Weber,“We undertook this brief reconnaissance program at KRL to confirm historic sampling and to help plan 2019 exploration on the property,” stated Jason Weber, P.Geo., President and CEO of Alianza. “High-grade gold-bearing samples collected correlate with high grade mineralization sampled by a prior operator near their property boundary.”

Alianza gained 1.5 cents, or 23.1%, by noon ET Wednesday morning to eight cents, on volume surpassing 200,000 shares. 

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