Alianza Minerals Sells Mexican Properties
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 16, 2016) - Alianza Minerals Ltd. (TSX VENTURE:ANZ) ("Alianza" or the "Company") announces that it has sold its three Mexican properties to Almadex Minerals Ltd. (TSX VENTURE:AMZ) ("Almadex") for a 1% Net Smelter Royalty ("NSR").
Jason Weber, President and CEO of Alianza stated, "With the sale of our Mexican properties to Almadex, a company with great experience in exploring in Mexico, Alianza streamlines costs while remaining focussed on our early stage and generative projects in Peru, Yukon, and Nevada."
The three properties sold to Almadex are the Yago, Mezquites and San Pedro properties. In return, the Company will receive a 1% NSR which is capped at $1 million.
About Alianza Minerals Ltd.
Alianza increases the chances of success in mineral exploration by using the "Prospect Generator" business model, focussing on gold and copper exploration in Latin America and Nevada.
The Company has 13.8 million shares issued and outstanding, and is listed on the TSX Venture Exchange (TSX VENTURE:ANZ). Mr. Jason Weber, BSc, P.Geo., Alianza's President and CEO is a Qualified Person as defined by National Instrument 43-101.Mr. Weber supervised the preparation of the technical information contained in this release.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
Contact
Alianza Minerals Ltd.
Jason Weber
President and CEO
(604) 687-3520
(888) 889-4874
Alianza Minerals Ltd.
Sandrine Lam
Shareholder Communications
(604) 687-3520
(888) 889-4874
www.alianzaminerals.com