Cloudbreak Discovery (LSE:CDL) and Alianza Minerals (TSXV:ANZ / OTC:TARSF) have received the required permits to begin the 2022 drilling program on behalf of partner Allied Copper Corp. (TSX-V: CPR) have now been received. The drill program at the alliance’s Klondike Property is expected to begin in mid July, 2022. The Klondike Property consists of 76 unpatented mining claims, a State of Colorado Exploration Permit and an exclusive right to a State lease.
Rob Duncan, Vice President for Exploration for Alianza Minerals said that previous mapping and sampling work, and recently completed magnetics survey together have identified “compelling targets” for drill testing.
Alianza is finalising a bond placement of approximately US$29,000 to enable the program to commence on or about July 15. Allied Copper Corp, under the terms of its option agreement with Alianza and Cloudbreak, is funding the program as part of the earn-in agreement. Alianza is the project operator. Planning and logistics for the program are well underway and the final drill plan will be announced prior to the program startup.
What is the Klondike Property?
The Klondike Property is located approximately 25 kilometres south of Naturita, Colorado. The 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 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 mineralised 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.
Cloudbreak Discovery commissions helicopter survey of Northwestern Portfolio
Cloudbreak Discovery also said it has engaged Precision GeoSurveys to conduct a high-resolution helicopter-borne magnetic survey over the company’s Northwestern Portfolio, comprised of Northern Treasure, Rizz, Icefall and Atlin West, all located in northwestern British Columbia, Canada.The survey begins Cloudbreak’s next phase of exploration across the projects, which contain an extensive number of mineralised showings. A primary goal of the survey is to identify prominent, potentially mineralised structures. The survey will also help delineate lithologic contacts to determine the next phase of ground-based exploration.
Under the terms of various option agreements in place, Power Group Projects Corp will be financing the survey on the Rizz, Icefall and Atlin West projects. Exploration costs for Northern Treasure will be financed by Cloudbreak Discovery as it remains open for option.
“Cloudbreak was attracted to the region due to the absence of historic exploration work over the ground,” explained CEO Kyler Hardy. “Precision GeoSurveys will be applying this exploration technique to identify potential targets which can be advanced by our partners. Northern Treasure, our remaining project we staked in 2021, will benefit from the survey to guide the next phase and generate further interest from potential partners.”
