Alianza Minerals Ltd. has leased the Ashby gold property to Nevada Canyon Gold Corporation. The Ashby property is located approximately 13 miles southeast of Hawthorne.
Nevada Canyon Gold Corporation made a $1,000 payment upon signing and will make annual payments of $2,000 and will grant two percent net smelter royalty on production from the Ashby Lazy 1-3 claims. Nevada Canyon Gold Corporation will also pay all claim fees and reclamation work on the property. The term of the lease is ten years but can be extended for an additional 20 years.
“The Ashby lease allows Nevada Canyon to advance exploration of its larger claim package in the area in a coherent manner, giving Alianza greater ability to focus on its sediment-hosted targets at Horsethief, Bellview, and BP”, stated Jason Weber, P.Geo., President, and CEO of Alianza Minerals, in a press release. “We expect this will be one of a number of agreements with new partners in the coming months.”
Activity at the Ashby property dates back to the 1930’s when 9,000 ounces of gold was recovered from quartz in ten shafts at the Lazy Man Mine. Many times, the area has been mentioned in the Independent-News Years Ago column.
In the 1970’s and 1980’s, a few hundred ounces of gold per year were recovered from other shafts on the Ashby claim.
Mapping, prospecting, and review of historic working will bring the Ashby property up to today’s modern mining technology.