Alianza Minerals Receives Permits to Begin Drilling at Klondike Copper Property, Colorado
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Alianza Minerals and Cloudbreak Discovery have received the required permits to begin the 2022 drilling program on behalf of partner Allied Copper Corp. The drill program is expected to begin in mid July, 2022. The Klondike Property consists of 76 unpatented mining claims, a State of Colorado exploration permit, and an exclusive right to a state lease.
“We are very excited to commence the 2022 program at Klondike. Our previous mapping and sampling work, and recently completed magnetics survey together have identified compelling targets for drill testing. We are looking forward to working with Allied to advance Klondike,” said Rob Duncan, M.Sc., vice president, Exploration for Alianza Minerals.
Alianza is finalizing a bond placement of approximately $29,000 to enable the program to commence on or about July 15. Allied, under the terms of its option agreement with Alianza and Cloudbreak is funding the program as part of the earn-in agreement. Alianza is the project operator. Planning and logistics for the program are well underway and the final drill plan will be announced prior to the program startup.
The Klondike Property is located approximately 25 kilometers south of Naturita, Colorado. This property lies within the Paradox Copper Belt, which includes the producing Lisbon Valley Mining Complex. Numerous historical copper occurrences have been identified throughout the district, however, many of these have not been explored using modern exploration techniques.
A 2021 reconnaissance program consisting of mapping, stream sediment sampling, and rock sampling was undertaken at the Klondike Property to help define drill targets at the West Graben Fault and East Graben Fault targets. Rock sampling and mapping successfully expanded the footprint of both targets and identified a new target named the Northeast Fault.
The project is road accessible year-round, traveling two kilometers of gravel road from paved highway. The project is comprised of 76 mining claims on federal mineral rights managed by the BLM, in addition to an exploration permit and an exclusive right to a state lease from the State of Colorado.
About Alianza Minerals Ltd.
Alianza employs a discovery-focused 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, Colorado, Nevada, and Peru. Alianza has one project (Tim, Yukon Territory) optioned out to Coeur Mining, Inc. and is actively seeking partners on other projects.
To stop by Alianza’s website, CLICK HERE
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