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The recently completed survey was conducted using a drone-mounted magnetometer collecting data on 50 metre line spacings to provide a high resolution data set to assist in targeting drilling at the Northeast Fault, West Graben Fault and East Graben Fault targets. The data from the current program is being processed and the results will be interpreted to target potential structures and alteration associated with copper mineralization.
Allied Files Technical Report
Allied Copper recently filed the National Instrument (“NI”) 43-101 Technical Report on SEDAR titled “Technical Report on the
About the Klondike Property
The Klondike Property is located approximately 25 kilometres south of
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. Sampling at the Northeast Fault returned 1.56% copper and 1.4 grams per tonne (“g/t”) silver over a 4.6 metre chip sample of bleached, bitumen spotted and altered Jurassic sandstones of the Saltwash member of the Morrison Formation.
Copper mineralized sandstones at the Northeast Fault target can be traced along the fault and outboard from it into the adjacent sandstones over an area 200 metres long by 100 metres wide before becoming obscured beneath gravel cover. Further anomalous copper, including 2.1 metres of 463 ppm copper, was encountered over one kilometre to the northwest where the structure and host strata next appear from beneath the same gravel cover.
At Klondike, documented copper exploration ceased in the 1960s with subsequent exploration targeting uranium the 1970s. Previous workers reported high-grade copper mineralization highlighted by results of 6.3% copper and 23.3 g/t silver in outcrop. In addition to its high-grade potential, disseminated copper-silver mineralization has been observed which may be amenable to modern open pit mining with Solvent Extraction Electrowinning (“SXEW”) processing similar to the
The project is road accessible year-round, traveling two kilometres 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
Figure 1.Klondike Geology and Copper Results Map
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About the
Under the terms of the Alliance, either Cloudbreak Discovery PLC or
About Cloudbreak Discovery PLC
Cloudbreak Discovery PLC, is a leading natural resource project generator, working across a wide array of mineral assets that are being developed and managed by an experienced team with a proven track record. Value accretion within the projects being developed by Cloudbreak’s generative model enables a multi-asset approach to investing and exploration. Diversification within the mining sector and amongst resource classes is key to withstanding the cycles of natural resource investing.
About Allied Copper
Allied Copper Corp. is headquartered in
About
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
Alianza is listed on the
Mr.
For further information, contact:
Tel: (604) 807-7217
Fax: (888) 889-4874
slogan@renmarkfinancial.com
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
To learn more visit:www.alianzaminerals.com
Twitter:https://twitter.com/AlianzaMinerals
LinkedIn:https://www.linkedin.com/company/alianza-minerals-ltd
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