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Alicanto Minerals Hits Visual Sulphides at Greater Falun Project

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) reported visual zinc-copper-silver-lead in first drill hole at the Skyttgruvan-Naverberg target within the company’s Greater Falun project in Sweden.

Alicanto Minerals said drill hole GRO22-19 at the Skyttgruvan-Naverberg target intersected multiple zones of massive sulphide and semi-massive to disseminated sulphides over a 43 metres interval within the prospective limestone unit associated with an extensive skarn alteration.

The massive sulphide intersections consist of sphalerite, galena, chalcopyrite and pyrrhotite over discrete zones of mineralisation up to seven metres in width.

Native silver mineralisation has also been identified within the massive sulphide intervals.

Based on the visual mineralisation seen to date, a second diamond drillhole has commenced to target extensions of the mineralisation system.

“While still early days, to hit multiple zones of polymetallic massive sulphide in our first drill hole at one of our priority targets at the Greater Falun project is a great result,” Alicanto Minerals managing director Rob Sennitt said in the company’s ASX announcement.

“This result, along strike from the historic Falun Mine, builds on our thesis that the Greater Falun project is part of a major mineralised belt that forms part of a significant mining district in the region.

“We have already commenced a follow up hole to further identify the scope and extent of this discovery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.alicantominerals.com.au

 

 

Alicanto Minerals Reports Swedish Maiden Resource at Sala

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has announced a maiden JORC 2012- compliant Inferred Resource the company’s Sala zinc-silver-lead project in Sweden.

Alicanto Minerals has delivered the maiden Resource at the Sala project just over a year since acquisition, with the mineralisation system remaining open for further growth both at depth below the Prince and Sala Lodes and from surface along the prospective lithological horizon.

The reported Maiden Resource comprises a total of 9.7 million tonnes at 4.5 zinc (Eq) containing over 311,000 tonnes of zinc, 15 million ounces of silver and 44,000 tonnes of lead; reported at 2.5 per cent zinc (Eq) cut-off.

Included in the Resource Estimate is a coherent near surface high-grade breccia zone dominated by semi massive sphalerite which contains the majority of 4.5 million tonnes at 6 per cent zinc (Eq) containing 8.5 million ounces of Silver and 201,000 tonnes of zinc reported at a 4 per cent zinc (Eq) cut-off.

“This is an outstanding maiden Resource which demonstrates the growing scale and quality of the Sala project,” Alicanto Minerals managing director Peter George said in the company’s ASX announcement.

“The fact that we established such a substantial Resource in just over a year of taking ownership also highlights the strength of the mineralisation and the immense ongoing growth potential.

“We believe there is significant inventory growth to come, with the mineralisation open in every direction and numerous highly prospective targets to drill.

“We will maintain the pace of drilling to unlock the full value of this asset, creating significant value for Alicanto shareholders in the process.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Email: info@alicantominerals.com.au

 

Web: www.alicantominerals.com.au

 

 

Alicanto Minerals Extends Known Mineralisation at Sala

Alicanto Minerals (ASX: AQI) released results from drilling and rock-chipping that has continued to extend the known mineralisation within the company’s polymetallic Sala silver-zinc-lead-copper-gold project in Sweden.

Alicanto reported high-grade rock chips up to 1480 grams per tonne silver, 10.3 per cent zinc from new areas while drilling results highlighted the potential of the Sala project.

The company also released step-out drilling results that returned silver-zinc-lead intersections that extended the known mineralisation, which remains open.

The results included:

SAL21-07
3.5m at 237g/t silver, 2.8 per cent zinc, 4.6 per cent lead from 488m;

SAL21-09
5.6m at 144g/t silver, 0.1 per cent zinc, 0.6 per cent lead from 231.2m; and

SAL21-11
4.4m at 283g/t silver, 3.9 per cent zinc, 1.9 per cent lead from 107.2m and 6.4m at 120g/t silver, 1.3 per cent zinc, 0.5 per cent lead from 258.6m, including 1.4m at 413g/t silver, 2.6 per cent zinc, 1.3 per cent lead from 258.6m.

“The latest results further highlighted the immense potential to establish a project with genuine scale,” Alicanto Minerals managing director Peter George said.

“These results support our strategy to build a substantial resource at Sala with the potential to underpin a stand-alone operation.

“We are well funded for 2022 with our recent $7 million capital raising and we continue to grow the boundaries of the known mineralisation at Sala.”

Alicanto Minerals is conducting exploration campaigns in Sweden’s mining region of Bergslagen.

The first of these is targeting extensions of the historic Sala silver-zinc-lead deposit and the second involves greenfields exploration around the Greater Falun copper-gold and polymetallic skarn project.

Alicanto’s strategy rests on discovering, growing and developing precious and base metal resources in the tier-one location of Sweden.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@alicantominerals.com.au

Web: www.alicantominerals.com.au

 

Alicanto Minerals Scores Hits in Fist Greater Falun Drill Holes

THE DRILL SERGEANT: Alicanto Minerals reported on the first holes drilled at the company’s Greater Falun copper-gold-silver project in Sweden.

Alicanto Minerals said the holes returned shallow, high-grade assays from the Swamp Thing and Heden prospects, which sit within 15 kilometres of the Falun copper-gold mine that was closed in 1992.

The company considers the results as particularly important because they also support Alicanto’s belief that Greater Falun is a Skarn system, not Volcanogenic Massive Sulphides (VMS).

“These are genuinely high-grade results, and they are an outstanding start to our exploration campaign,” Alicanto Minerals managing director Peter George said in the company’s ASX announcement.

“The grades point to the potential for an extensive mineralised system, they are shallow and they support Alicanto’s view that Greater Falun is not a VMS as long thought but is actually a skarn-hosted system.

“This is a major breakthrough because it shows we are on track to crack the code, which could open the door to a world-class system.

“Our geological model, which is based on extensive mining history in the area, our detailed mapping and now these initial drilling results shows there is potential for a large system with areas of very high-grade mineralisation.

“This information is driving the new 20,000 metres drilling program now underway.

“We have two diamond rigs turning at Falun, a third being mobilised to Sala and we expect to have a far more detailed picture of the project over the next few months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@alicantominerals.com.au

 

Web: www.alicantominerals.com.au

 

Alicanto Minerals Reports Maiden Arakaka Gold Resource

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) released a maiden JORC 2012-compliant Inferred Resource for the company’s 100 per cent-owned Arakaka gold project in Northwest Guyana, South America.

Alicanto Minerals’ declared the Inferred Resource of 500,000 ounces at 1.8 grams per tonne gold based on a review of data at Arakaka collected by Alicanto in conjunction with that provided by Barrick Gold Corp. (ASX 19 June 2018) and NordGold, (ASX 12 May 2020).

The Resource was calculated by Perth-based Cube Consulting.

The Mineral Resource Estimate (MRE) for the Arakaka gold project is taken from two separate domains, the Purple Heart and Gomes deposits located approximately six kilometres from one another.

The Purple Heart resource lies within a stacked thrust system developed to the margin of multiple porphyry intrusions of variable composition hosted within metavolcanics and metasediments where mineralisation has been observed to extend to approximately 150 metres vertical depth.

At Gomes the current resource is located within approximately 500m of strike along a West South West dipping regional scale shear, the Temberlin shear zone where mineralisation has been observed to extend approximately 100m vertical depth.

“This Resource is shallow, the mineralisation remains open in all directions and we already have numerous intersections outside the resource which will form part of the next estimate,” Alicanto Minerals managing director Peter George said in the company’s ASX announcement.

“We also have multiple walk-up targets with multi-million-ounce bulk tonnage potential that remain to be drilled.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@alicantominerals.com.au

 

Web: www.alicantominerals.com.au

 

 

Alicanto Minerals Identifies New Wolf Mountain Copper-Gold Anomalies

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) completed an IP survey that identified four new copper-gold anomalies near known mineralisation at the company’s Wolf Mountain prospect in Sweden.

Alicanto Minerals suggested the results highlight the potential of Wolf Mountain, which is one of several prospects within the Greater Falun project in Sweden, where drilling is underway.

The new IP anomalies are located between 500 metres and 1.8 kilometres from earlier drilling, targeting results of a previous IP survey that led to the discovery of distal copper-gold skarn with grades of up to 2.1 per cent copper, 69g/t Silver and 1.3 per cent zinc and grab samples at surface of 11.9 per cent copper and 2.9g/t gold hosted within a 100m strongly altered zone.

Apollo is of the opinion that these intersections may be the outer fringes of a large mineralised system with a higher-grade core.

A large airborne magnetic signature has also been spotted 2.5 kilometres south-south-west of the most southern of the four IP targets referred to above.

Alicanto geologists have interpreted this as a Causative Intrusion complete with copper-gold mineralisation as established in historical shallow drilling.

“These new anomalies are highly significant because not only are they strong signatures, but they are located right next to known copper-gold mineralisation,” Alicanto Minerals managing director Peter George said in the company’s announcement to the Australian Securities Exchange.

“The IP anomalies and magnetic signatures uncovered at Wolf Mountain are intriguing because they suggest the system could be very large (at least 5km).

“The drilling campaign now underway will test the numerous copper-gold and polymetallic skarn targets we have identified at Greater Falun, including these new anomalies at Wolf Mountain.

“We have mapped more than 2,000 outcrops and historical surface workings dating back centuries.

“When we overlay this information onto the huge amount of historical and recent geophysical data from the last 50 years, an impressive picture of the Greater Falun project is forming that has not been seen before.

“We have also found grab samples within the Greater Falun project that represent each zonation of the copper-gold skarn model – we now need to further prove up the model with our exploration drilling and vector into the Proximal part of the copper-gold Skarns.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@alicantominerals.com.au

 

Web: www.alicantominerals.com.au

 

Alicanto Minerals Drilling at Greater Falun in Sweden

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has kicked off a 4,000m diamond drilling program at the company’s Greater Falun copper-gold project in the Bergslagen region of Sweden.

Alicanto Minerals will be drilling to test new targets and seek to establish extensions to known mineralisation located in the vicinity of major copper gold systems.

The company explained the drilling will be the first thorough modern exploration campaign undertaken at Greater Falun as well as being the first drilling since Alicanto made a major breakthrough by establishing that the dominant mineralisation is copper-gold skarn, not a Volcanogenic Massive Sulphide (VMS) system as long believed.

Alicanto aims to establish a mineral inventory capable of supporting a central processing hub.

The diamond drilling program has commenced at the Green Mile targets, after drilling of which Alicanto expects to move the drill rig onto the next set of targets.

Alicanto is currently interpreting historic airborne electro-magnetic surveys and undertaking new ground electro-magnetic surveys, from across a large portion of the company’s tenements, to assist in further refining the search for conductors within the tenements.

“The extent of known mineralisation and the high quality of our targets mean this is a potentially company-making drilling program,” Alicanto Minerals managing director Peter George said in the company’s announcement to the Australian Securities Exchange.

“We have mapped more than 2,000 outcrops and historical surface workings which have resulted in us discovering seven copper-gold skarns at surface.

“When we overlay this information onto the large volume of historical and recent geophysical survey data, an impressive picture of the Greater Falun project is forming that has not been seen before now.

“This is the largest program ever undertaken within the Greater Falun project and will see us test the multiple EM signatures, IP Anomalies and copper-gold and polymetallic skarn targets we have discovered.

“We have started the drilling program with the untested EM conductors at Green Mile along strike from the historic, high-grade copper-gold Falun Mine, which produced 28 million tonnes at 4 per cent copper, 4 grams per tonne gold, 5 per cent zinc, 2 per cent lead and 35 grams per tonne silver up until 1992.

“The conductors are coincident with footwall alteration and high-grade rock chip results mapped on surface.”

 

Email: info@alicantominerals.com.au

 

Web: www.alicantominerals.com.au

 

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.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: info@alicantominerals.com.au

 

Web: www.alicantominerals.com.au

 

THE DAILY ROADHOUSE

 

Westgold Resources Recommences Sub-Level Mining at Big Bell

THE DRILL SERGEANT: Westgold Resources (ASX: WGX) has recommenced underground sub-level cave stoping at the Big Bell underground mine at the company’s Cue Gold Operations (CGO) in Western Australia.

Gateway Mining Identifies New Gold Corridors

THE DRILL SERGEANT: Gateway Mining (ASX: GML) has identified extensive new regional gold corridors outside of the main gold trend at the company’s 100 per cent-owned Gidgee gold project in Western Australia.

Encounter Resources Welcomes IGO in $15M Yeneena Earn-In Agreement

THE BOURSE WHISPERER: Encounter Resources (ASX: ENR) informed the market that Independence Group (ASX: IGO) has elected to enter an earn-in and Joint Venture agreement.

Azure Minerals Enhances Loma Bonita Gold Credentials

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported new intersects of wide intervals of gold and silver mineralisation on the company’s 100 per cent-owned Alacrán project in Sonora, Mexico.

Alicanto Minerals Intersects Chalcopyrite Mineralisation at Wolf Mountain

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has completed the first two drill holes (DH 20-01 & DH 20-02) at the company’s Wolf Mountain copper-gold target area in the Bergslagen district of southern Sweden.

 

Alicanto Minerals Intersects Chalcopyrite Mineralisation at Wolf Mountain

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has completed the first two drill holes (DH 20-01 & DH 20-02) at the company’s Wolf Mountain copper-gold target area in the Bergslagen district of southern Sweden.

Alicanto Minerals reported that the drilling has intersected approximately 24 metres (true width) of strong alteration Chalcopyrite mineralisation, including a 4m zone of more intense chalcopyrite mineralisation, and an overall near-55m wide mineralised zone.

The first hole (DD 20-01) intersected more than 60m (down-hole) of strong alteration and disseminated sulphides, including chalcopyrite and pyrite and ended in mineralisation.

The second hole has extended this zone.

The company said its geologists have interpreted these two holes to have intersected the outer margins of a largescale copper-gold system within the Wolf Mountain area, adding that the tenor of alteration around the mineralisation supports this interpretation.

Chalcopyrite mineralisation was observed in drill hole 20-02 that is coincident with strong silica-garnet-amphibole alteration similar to what Alicanto has previously observed in rock chipping on surface that has yielded up to 11.9 per cent copper and 2.9 grams per tonne gold.

“Alicanto is excited to announce that the second hole in its maiden diamond core drilling program targeting multiple large-scale, high-grade copper-gold mineralisation at Wolf Mountain in Sweden, has intersected a four-metre wide (true width), strongly altered mineralised zone with significant visible chalcopyrite and continues to intersect disseminated sulphides in its surrounding halo,” Alicanto Minerals chief executive officer Peter George said in the company’s announcement to the Australian Securities Exchange.

“The first hole intersected at least 25 metres (true width) of disseminated sulphides of typically one to five per cent, including logged chalcopyrite and pyrite mineralisation and intense wall rock alteration, and together the two holes define a total sulphide mineralised zone of approximately 55 metres (true width).

“Last year, initial geophysical Induced Polarisation surveying (IP) at the Wolf Mountain prospect identified multiple, large-scale anomalies that have never been drill tested.

“These are prospective for high-grade copper-gold mineralisation.

“Previously mapped, mineralised trends with coincident high-grade rock-chips of up to 11.9 per cent copper at surface were highlighted by the survey, but excitingly, further large-scale targets were also identified under thin glacial cover.

“This drilling represents the first of these exciting new targets to be tested.

“The rig has now been mobilised to extend the first hole that finished in mineralisation.

“Further drill results will be anticipated over the coming months.”

 

 

Email: admin@alicantominerals.com.au

 

Web: www.alicantominerals.com.au