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THE DAILY ROADHOUSE

 

Musgrave Minerals Intersects High-Grade Link Lode at Break of Day

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported the intersection of high-grade gold in a ‘link’ position joining the two main gold lodes at the Break of Day deposit on the company’s Cue gold project in Western Australia.

Carawine Resources Identifies New Victorian Porphyry Copper-Gold Targets

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) announced geophysical results from a detailed helicopter-borne magnetic and radiometric (heli-mag) geophysical survey completed at the company’s 100 per cent-owned Jamieson project in northeast Victoria, host to the Hill 800 and Rhyolite Creek prospects.

Alicanto Minerals Completes Geophyisal IP Survey at Wolf Mountain

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) completed its maiden IP survey at the company’s Wolf Mountain copper-gold target area within the Bergslagen district of Southern Sweden.

Ausgold Raising up to $3.6 Million for Katanning Gold Project

THE BOURSE WHISPERER: Ausgold Limited (ASX: AUC) informed the market it has received binding commitments from institutional and sophisticated investors for a share placement to raise $2.376 million.

 

Alicanto Minerals Completes Geophyisal IP Survey at Wolf Mountain

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) completed its maiden IP survey at the company’s Wolf Mountain copper-gold target area within the Bergslagen district of Southern Sweden.

Alicanto Minerals said the survey identified multiple new, large-scale IP chargeability and resistivity anomalies it believes may correspond to both disseminated and semi-massive sulphide bodies.

In line with the IP anomalies are rock chip results of up to 11.9 per cent copper and 2.9 grams per tonne gold across four separate mapped mineralised trends, over one kilometre strike that are completely open.

Alicanto said multiple IP anomalies were also identified under shallow cover that at this stage remain unsampled and undrilled.

The company explained that the IP only covers 300 metres of strike on regional scale alteration and the structures that have been identified and mapped by Alicanto geologists over 14km are still considered highly prospective for both high-grade and bulk tonnage copper-gold mineralisation.

The Wolf Mountain prospect is yet to be subjected to the drill bit and the company considers these newly identified IP anomalies as high priority drill targets.

“Our initial IP survey at the Wolf Mountain prospect has identified multiple undrilled, large-scale anomalies prospective for high-grade copper-gold mineralisation,” Alicanto Minerals chief executive officer Peter George said in the company’s announcement to the Australian Securities Exchange.

“Previously mapped, mineralised trends with coincident high-grade rock chips of up to 11.9 per cent Copper and 2.9 grams per tonne gold, are highlighted by the survey.

“However, excitingly, further large-scale targets have also been identified under thin glacial cover, and all targets are undrilled and remain open along strike.

“The IP was conducted to follow up on the recent identification of a regional scale greater than-14-kilometres long hydrothermal system at Wolf Mountain, considered prospective for high-grade and bulk-tonnage copper-gold mineralisation.

“The survey only partially covers a 300 metre portion of the identified mineralised trend and mineralisation is open in all directions providing great encouragement for further exploration.”

Alicanto is concurrently undertaking 1,000 metres of maiden diamond drill testing of multiple high-grade copper, zinc and gold targets at Naverberg and Oxberg.

“In addition to the proposed maiden diamond drilling at the advanced, high-grade Oxberg and Naverberg zinc-lead-copper-silver-gold VMS targets, Alicanto intends to advance the newly identified anomalies at Wolf Mountain to initial diamond drill testing in the next few months,” George continued.

“Further Geophysical surveys are also being planned and Alicanto will inform the market of these as the company proceeds.

“Industry leading geophysical consultants, Southern Geoscience, are also currently reinterpreting all of the historical and existing geophysical datasets from the region, with new target areas anticipated to drive the next phase of exploration and drilling on the project areas.

“In addition, results from the 12,000 metre diamond drilling program at the Arakaka gold project in Guyana, fully funded by NordGold SE, are anticipated in the near future.”

 

Email: admin@alicantominerals.com.au

Web: www.alicantominerals.com.au

 

THE DAILY ROADHOUSE

 

Bellevue Gold Returns Further High-Grade Gold Hits

THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) is beavering away at the company’s Bellevue gold project in Western Australia.

Alicanto Minerals Encounters High-Grades in Sweden

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has enjoyed swift success from the maiden exploration program underway in Sweden. Alicanto Minerals announced drilling on the Oxberg and Naverberg VMS (Volcanogenic Massive Sulphide) project within the Bergslagen Mining District of Sweden has returned high-grade results.

Matador Mining Hits High-Grade Gold Intercepts at Window Glass Hill

THE DRILL SERGEANT: Matador Mining (ASX: MZZ) has encountered some high-grade gold hits during an ongoing exploration program at the company’s Cape Ray gold project in Newfoundland, Canada.

NTM Gold Highlights New Gold Trends

THE DRILL SERGEANT: NTM Gold (ASX: NTM) recently completed a 125-hole aircore program at the company’s 100 per cent-owned Redcliffe gold project located near Leonora in Western Australia.

 

Alicanto Minerals Encounters High-Grades in Sweden

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has enjoyed swift success from the maiden exploration program underway in Sweden.

Alicanto Minerals announced drilling on the Oxberg and Naverberg VMS (Volcanogenic Massive Sulphide) project within the Bergslagen Mining District of Sweden has returned high-grade results.

The company said the first two drill holes of the maiden reconnaissance drill program intersected shallow massive sulphides with grades of up to 9.5 per cent copper, 16 grams per tonne gold, 285g/t silver, 3.9 per cent lead and 8.2 per cent zinc at the Lustebo prospect.

Results include:

Drill hole 19-01
2.5 metres at 4.2g/t gold, 43g/t silver, 2.2 per cent copper and 1.7 per cent zinc from 151.5 m, including a massive sulphide zone of 0.8m at 13.1g/t gold, 126g/t silver, 6.43 per cent copper, 1.9 per cent lead & 4.7 per cent zinc from 152.63m;

Drill hole 19-02
2.72m at 0.3g/t gold, 43g/t silver, 1.1 per cent copper, 0.4 per cent lead and 1.1 per cent zinc from 152.68m, including a massive sulphide zone of 0.2m at 0.5g/t gold, 285g/t silver, 9.5 per cent copper, 2.6 per cent lead & 6.5 per cent zinc from 152.68m.

“The company is very excited to announce the intersection of massive sulphides with high-grade copper, gold and zinc assays from its maiden diamond drilling program at the Lustebo prospect,” Alicanto Minerals chief executive officer Peter George said in the company’s announcement to the Australian Securities Exchange.

“The exceptionally high grades encountered in the maiden drilling support the company’s belief that significant high-grade base metal deposits exist in the underexplored Oxberg project area.

“Alicanto will follow up these drilling results with down-hole electromagnetic surveys (DHEM) to help plan further drilling to define the extent of the massive sulphide body and to vector drilling to more significant widths of the mineralisation.

“Lustebo is the first prospect area the company has drilled within more than 45 kilometres of mapped prospective, mineralised horizons throughout the Oxberg-Naverberg project area.

“Multiple other prospects have been identified and are being advanced towards preliminary drill testing.

“In addition, the company has commenced an IP survey at its recently identified Wolf Mountain copper-gold prospect, nine kilometres from the Lustebo prospect to follow up on significant copper mineralisation observed on surface with rock chip results of up to 11.9 per cent copper.

“Phase two follow up drilling as well as new target drilling is anticipated to commence in the near term once permitting is completed.”

Alicanto is also currently carrying out a 12,000-metre diamond drill program at the company’s Arakaka gold project in Guyana.

“Results from the 12,000 metre diamond core drilling program at our Arakaka gold project in Guyana, fully funded by NordGold SE, are also anticipated soon,” George said.

 

Email: admin@alicantominerals.com.au

Web: www.alicantominerals.com.au

 

THE DAILY ROADHOUSE

 

Alicanto Minerals Identifies New Targets at Wolf Mountain

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has identified a new regional scale hydrothermal mineralised system at the Wolf Mountain prospect within the company’s optioned Oxberg and Naverberg VMS in the Bergslagen Mining District of Southern Sweden.

Auroch Minerals Intercepts More Saints Nickel

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) released assay results from the first six drill-holes from the first drilling program to be carried out at the company’s recently-acquired Saints nickel project, located near Kalgoorlie in Western Australia.

Carawine Resources Strike Farm-In and Joint Venture with FMG

THE BOURSE WHISPERER: Carawine Resources (ASX: CWX) has entered into a Farm-In and Joint Venture Agreement with a subsidiary of FMG Resources (ASX: FMG).

Breaker Resources Funded to Drill Bombora

THE BOURSE WHISPERER: Breaker Resources (ASX: BRB) has agreed to a non-brokered $8 million share placement to Electrum Strategic Opportunities Fund II LP, a major US-based private equity fund focused on precious metals.

Corazon Mining to Commence Drilling at Lynn Lake

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) announced plans for drilling to be carried out at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba, Canada.

Ardiden Identifies New Pickle Lake Gold Targets

THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) has identified several priority targets for gold mineralisation at the West Pickle prospect, part of the company’s 100 per cent-owned Pickle Lake gold project in Ontario, Canada.

 

Alicanto Minerals Identifies New Targets at Wolf Mountain

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has identified a new regional scale hydrothermal mineralised system at the Wolf Mountain prospect within the company’s optioned Oxberg and Naverberg VMS in the Bergslagen Mining District of Southern Sweden.

Alicanto Miinerals declared the new hydrothermal mineralised system at Wolf Mountain to be prospective for copper-gold mineralisation after rock chip results returned up to 11.9 per cent copper across four separate mapped mineralised trends that intermittently outcrop through shallow glacial till cover over one kilometre of strike and are completely open.

The company explained the high-grade rock chips were previously believed to be part of a wide system of copper stringers feeding VMS deposits in the vicinity.

However, it now considers the copper stringers are most likely part of a large scale greater than-14-kilometre hydrothermal system with similar characteristics to the Aitik copper-gold mine in Northern Sweden.

Alicanto currently has 1000 metres of maiden diamond drill testing of multiple high-grade copper, zinc and gold targets underway at:

Naverberg where multiple untested targets identified from high-grade rock chips of 26.1 per cent zinc, 13.5 per cent lead and 2.8 per cent copper; and

Oxberg where multiple undrilled targets were identified by rock chips up to 9.4 per cent zinc, 11.9 per cent copper and 3.7 per cent lead.

“The Bergslagen Mining District is world famous for producing large scale and high-grade VMS style copper-gold deposits,” Alicanto Minerals chief executive officer Peter George said in the company’s announcement to the Australian Securities Exchange.

“With the intensive work that our exploration team has done on the ground in the last few months at Naverberg and Oxberg and interrogating the research undertaken in the past by others – we now believe that we have identified a previously unrecognised, large-scale hydrothermal system greater than 14 kilometres long at Wolf Mountain prospect, prospective for high-grade and bulk-tonnage copper-gold, which has overprinted part of the Western extents of our Naverberg and Oxberg projects.

“The Wolf Mountain system appears to have occurred some 20 million years after the formation of the limestone ore horizon hosting the VMS deposits (as previously reported by Alicanto), and has been made possible through the re-mobilisation of the same structures that formed the VMS deposits.

“Our research has discovered that in the past, it was believed that the high-grade copper occurrences at Wolf Mountain prospect were part of the stringer systems feeding VMS deposits at Oxberg and Naverberg – given the presence of the metals, minerals and structures that we have now found at Wolf Mountain this shows many similarities with the same occurrences at the world famous Aitik copper-gold mine (in Sweden’s north) which produces over 39 million tonnes of ore per annum.”

Alicanto indicated it intends to complete its maiden 1000 metres of drilling on its initial targets on its Sweden projects this quarter.

It also aims to complete ground geophysical programs including IP that are proposed for the newly identified Wolf Mountain target area to commence over the coming weeks.

 

Email: admin@alicantominerals.com.au

 

Web: www.alicantominerals.com.au