Alianza Minerals Ltd. announced that its proposal for drilling at the Twin Canyon Project in southwest Colorado has been approved by the United States Forest Service and the Colorado Division of Reclamation, Mining and Safety, subject to certain standard operating conditions and placement of a $18,104 bond. Alianza has now received all necessary permits to conduct a proposed 13 hole drill program from 8 drill pads, totalling approximately 3,950 metres of drilling. Exploration at Twin Canyon has targeted disseminated native gold mineralization associated with a bleached sandstone spotted with bitumen, with small amounts of limonite after pyrite.

Optical and microprobe work carried out on mineralized samples indicate a direct gold - bitumen association raising the novel possibility that the mineralizing process at Twin Canyon is driven by those associated with petroleum basin development. A small underground gold mine operated at Twin Canyon dating back to the mid-1950s. Historic sampling of the underground workings has returned grab samples ranging from 0.1 to 15.77 g/t gold.

Twenty-eight historic channel samples 1.5 to 10 metres in length were anomalous in gold, eight of which exceeded 2 g/t gold. Recent work, including mapping and soil and rock geochemical sampling expanded the prospective strike length of the prospective gold bearing sandstone unit to over 3000 metres, with regional potential for expansion of the target laterally as well as to deeper stratigraphic levels. Alianza is seeking a partner to fund the next phase of work and will be entering into discussions with prospective partners through the first quarter of 2023.