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Alianza Minerals grants 10-year lease for Ashby gold project to Nevada Canyon

Alianza Minerals Ltd. said Aug. 9 that it has leased the Ashby gold project in Nevada to Nevada Canyon Gold Corp. for an initial 10-year term with an option to extend for another 20 years.

Under the deal, Nevada Canyon will make a US$1,000 cash payment upon signing, make annual US$2,000 cash payments and grant a 2% net smelter royalty on future production.

Nevada Canyon will be responsible for all claim fees and reclamation work on the property.