Alicanto Minerals Identifies Four New Swedish Copper-Gold Targets

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has applied for new tenements at Stone Lake, Heritage Valley and Swamp Thing, all located within the company’s Greater Falun copper-gold project in Sweden.

The applications follow recent fieldwork by Alicanto that has demonstrated the new Greater Falun tenements contain several copper-gold skarn targets in addition to those the company has previously announced at Wolf Mt, Heden and Lustebo.

Alicanto’s recent work also led to its claim of discovery of high-grade copper-gold mineralisation within granite at the Birch Mountain target.

Grab samples taken from the historic test mining area at Birch Mountain identified 4.94 per cent copper with 0.3 grams per tonne gold and 3.61 per cent copper with 0.18g/t gold in strongly K-feldspar altered granite.

Alicanto has interpreted the location to represent the causative plutonic part of a copper-gold skarn system.

This takes the total number of discovered copper-gold skarns at surface to seven, all discovered since January 2020 and within 15 kilometres of the Greater Falun project.

“These latest high-grade copper-gold results from the recent surface mapping campaign continue to strongly support Alicanto’s interpretation of the significance of the previous Wolf Mt, Heden and Lustebo copper-gold skarn discoveries,” Alicanto Minerals managing director Peter George said in the company’s announcement to the Australian Securities Exchange.

“A regional distribution with seven (so far) of these copper-gold skarn systems has now been identified in the Greater Falun area.

“These further highlight the immense prospectivity of Alicanto’s land holding in what is a highly-endowed region.”