Magnetics Survey Completed At Klondike Colorado Copper Property

VANCOUVER - Alianza Minerals Ltd. and Cloudbreak Discovery Plc reported that partner Allied Copper Corp. has completed an airborne magnetics survey at the Klondike Property, located in southwestern Colorado. A total of 213 line kilometers of surveying was completed at the property in order to help prioritize drilling targets for future campaigns. The Klondike Property consists of 76 unpatented mining claims, a State of Colorado Exploration Permit and an exclusive right to a State lease.

The recently completed survey was conducted using a drone-mounted magnetometer collecting data on 50 meter 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.

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. Sampling at the Northeast Fault returned 1.56% copper and 1.4 grams per tonne (“g/t”) silver over a 4.6 meter 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 meters long by 100 meters wide before becoming obscured beneath gravel cover. Further anomalous copper, including 2.1 meters of 463 ppm copper, was encountered over one kilometer to the northwest where the structure and host strata next appear from beneath the same gravel cover.