November 30, 2021
Alianza Minerals Ltd. (TSXV:ANZ, BUY (S), Timothy Lee) and its partner company, Cloudbreak Discovery PLC (LSE:CDL, Not Rated), have acquired the Stateline property located in Colorado and Utah. The project consists of 22 unpatented mining claims covering 148 hectares and is road accessible throughout the year. Stateline was purchased for US$20,000 in cash and a further US$40,000 in cash and shares. This is the company’s second property acquisition that has targeted sediment-hosted copper mineralization. Additionally, we note that the property is situated within the Paradox Cu Belt, which is also host to the producing Lisbon Valley Mining Complex. Numerous historical Cu occurrences have previously been identified within the belt, many of which were not explored using modern exploration methods. Previous copper explorers have reported mineralization with results including 1.6% Cu, 1.7 g/t Ag, 0.45% Cu and 2.1 g/t Ag, while disseminated copper-silver mineralization was also identified in several outcropping sandstones. Going forward, the two partner companies are expected to continuously identify, acquire and advance Cu projects that are located in southern US states through their strategic exploration alliance. Read more
