Horsethief Results Of Final Four Holes

VANCOUVER - Alianza Minerals Ltd. reported that the gold results have been received for the final four holes of the ten-hole reverse circulation drilling program completed in August at the Horsethief Gold Property, Nevada.

HT20-009 at the Stallion target yielded a 76 meter intersection from surface of anomalous gold results up to 0.185 g/t from individual 1.5 meter samples. Anomalous gold results are associated with moderate to strong jasperoid development within the carbonate host rocks. One additional hole at the Stallion, one at the Mustang and one at the Thoroughbred target all intersected variable altered carbonate rocks with only spotty anomalous gold results. The multi-element ICP data for six of the holes is still outstanding and will be incorporated into the database once received.

"Although clearly not the discovery we were hoping for, the size and distribution of altered carbonate rocks along with widespread anomalous gold concentrations is encouraging. We will carry out a detailed examination of the pathfinder elements from the ICP data once it is available from the lab to determine if any vectors towards remaining targets exist," said, Jason Weber President & CEO.