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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

 

THE DAILY ROADHOUSE 18/2/20

 

Middle Island Resources Grabs More Barkly IOCG Ground

THE BOURSE WHISPERER: Middle Island Resources (ASX: MDI) has been allocated between 19 per cent and 95 per cent of each of four competing exploration licence applications, located within the newly available IOCG-prospective former Barkly moratorium area of the Northern Territory.

Bellevue Gold Drilling Results to Contribute to Resources Update

THE DRILL SERGEANT: Bellevue Gold (ASX; BGL) released the latest high-grade infill drill results that are expected to further underpin a maiden Indicated Resource at the company’s Bellevue gold project in Western Australia.

Antipa Minerals and Rio Tinto JV Identifies New Targets at Citadel

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) is advancing its exploration activities at the company’s Citadel project in the Paterson Province of Western Australia.

Alicanto Minerals Intersects Wide Zones of Swedish Mineralisation

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has hit more than 60 metres of strong alteration and disseminated sulphides including chalcopyrite and pyrite with the first diamond core drill hole of a maiden multi-hole drill program at the company’s 100 per cent-owned Wolf Mountain project in Sweden.

 

Alicanto Minerals Intersects Wide Zones of Swedish Mineralisation

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has hit more than 60 metres of strong alteration and disseminated sulphides including chalcopyrite and pyrite with the first diamond core drill hole of a maiden multi-hole drill program at the company’s 100 per cent-owned Wolf Mountain project in Sweden.

Alicanto Minerals is drilling at Wolf Mountain, targeting multiple large-scale, high-grade, copper-gold targets it had identified by Induced Polarisation (IP) chargeability and resistivity anomalies for potential disseminated and semimassive sulphide mineralisation.

The company’s earlier mapping and sampling activities identified numerous, sub-parallel lines of ancient shallow mine workings over more than a kilometre with rock chips up to 11.9 per cent copper and 2.9 grams per tonne gold at Wolf Mountain.

The company reported that the maiden drilling program has intersected more than 60 metres of disseminated chalcopyrite mineralisation from 54.25 to 117.5 metres down hole, ending in disseminated mineralisation.

“Alicanto is excited to announce that maiden diamond core drilling targeting multiple large-scale, high-grade copper-gold mineralisation at Wolf Mountain in Sweden has intersected at least 60 metres of disseminated sulphides of typically one to five per cent, including logged chalcopyrite and pyrite mineralisation and intense wall rock alteration in the first drill hole,” Alicanto Minerals chief executive officer Peter George said in the company’s announcement to the Australian Securities Exchange.

“Initial geophysical Induced Polarization surveying (IP) at the Wolf Mountain prospect last year identified multiple, large-scale anomalies that have never been drill tested 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 been identified under thin glacial cover.

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

“Drilling is interpreted by Alicanto geologists to have intersected the margins or ‘halo’ of what could be a large-scale mineralising system in the Wolf Mountain area.

“The rig has now been mobilised towards the interpreted geophysical higher intense anomaly of the system. Drill results will be anticipated over the coming weeks.”

 

Email: admin@alicantominerals.com.au

Web: www.alicantominerals.com.au

 

THE DAILY ROADHOUSE

 

Golden Rim Identifies Multiple High-Grade Gold Structures

THE DRILL SERGEANT: Golden Rim Resources (ASX: GMR) results for further rock chip samples and from geophysical data it collected as part of an ongoing exploration campaign at the company’s Kouri gold project in Burkina Faso.

Alicanto Exercises Swedish Project Acquisition Option

THE BOURSE WHISPERER: Alicanto Minerals (ASX: AQI) exercised an option to acquire 100 per cent of shares in Zaffer (Australia) Pty Ltd.

African Gold Hits High Grades at Sitakili Permit

THE DRILL SERGEANT: African Gold (ASX: A1G) recently completed a maiden drill program for the preliminary assessment of the Kirchon and Grand Filon prospects on the company’s Sitakili Permit in West Mali.

 

Alicanto Exercises Swedish Project Acquisition Option

THE BOURSE WHISPERER: Alicanto Minerals (ASX: AQI) exercised an option to acquire 100 per cent of shares in Zaffer (Australia) Pty Ltd.

Zaffer is the owner of the Oxberg and Naverberg VMS (Volcanogenic Massive Sulphide) projects within the highly endowed copper-gold-zinc-lead-silver Bergslagen Mining District of Southern Sweden where Alicanto has been undertaking exploration activities over the past six months.

This has consisted confirmation drilling on the Oxberg project that intersected high-grade copper, gold and zinc mineralisation beneath extensive surface anomalies, which remains open in all directions.

Extensive field mapping and surface geochemistry sampling defined both a new copper gold target and substantial extensions of base metal mineralisation confirming a +45km mineralised trend, which the company thinks deserves further exploration activity and maiden drill testing.

During this time, Alicanto acquired additional tenure consolidating the Oxberg-Naverberg-Wolf Mountain projects into a contiguous land package where it completed an initial IP (Induced Polarisation) geophysical survey highlighting a large-scale, undrilled copper-gold target, complemented by surface rock chip results.

At this stage, the Wolf Mountain prospect is undrilled and these newly identified IP anomalies represent high priority drill targets for the company.

The acquisition of the Oxberg and Naverberg project concessions will give Alicanto an aggregate 130 square kilometres holding on two major VMS horizons, including ownership of the historic Skyttgruvan mine and targets only five kilometres along strike from the historic Falun Mine.

The combined projects are located within the larger highly prospective Bergslagen District in Sweden, which is also host to the operating mines of Garpenberg and Zinkgruvan, operated by Boliden and Lundin respectively.

“We are very pleased to move ahead with the acquisition which is identified as an exciting district-scale project consisting of highly prospective and underexplored tenements within the prolific Bergslagen high-grade VMS district in Sweden,” Alicanto Minerals chairman Didier Murcia said in the company’s announcement to the Australian Securities Exchange.

“High-grade deposits such as Garpenberg, Zinkgruvan and Falun highlight the prospectivity of the region, and we look forward to exploring new targets at Oxberg and Naverberg.

“The Oxberg-Naverberg project and newly identified Wolf Mountain project were selected following a detailed review of the region, conducted by geologists with more than 25 years’ experience in the region, including multiple discoveries.

“The exploration potential, and results received to date, strongly support our decision to move forward in Sweden.”

Alicanto indicated it intends to immediately follow up the identification of multiple large-scale IP anomalies with initial drill testing over the next few months as well as completing maiden diamond drilling over the Oxberg and Naverberg target areas in the coming months.

 

Email: admin@alicantominerals.com.au

Web: www.alicantominerals.com.au

 

THE DAILY ROADHOUSE

 

Alicanto Minerals Hits Big Gold Numbers at Arakaka

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) released a whack of high-grade gold results from a diamond drilling program recently completed at the company’s 100 per cent-owned Arakaka gold project in northwest Guyana, South America.

Gateway Mining Expands Whistler Gold Footprint

THE DRILL SERGEANT: Gateway Mining (ASX: GML) reported results from a recently completed reverse circulation (RC) drilling program around the Whistler gold deposit, within the company’s 100 per cent-owned Gidgee gold project in Western Australia.

Trigg Mining Expands Lake Rason System

THE DRILL SERGEANT: Trigg Mining (ASX: TMG) announced it has received results of drilling carried out in December 2019 over the company’s Laverton Links sulphate of potash (SOP) project in Western Australia.

Antipa Minerals Welcomes Continued Rio Tinto Interest at Citadel

THE BOURSE WHISPERER: Antipa Minerals (ASX: AZY) reported that Rio Tinto Exploration Pty Limited has elected to proceed with the next earn-in stage into Antipa’s Citadel project which is located immediately adjacent to Rio Tinto’s Winu project in the Paterson Province in Western Australia.

Magmatic Resources Defines Large Porphyry Target at Lady Ilse

THE DRILL SERGEANT: Magmatic Resources (ASX: MAG) has completed an advanced MIMDAS geophysical survey at the Lady Ilse prospect, located within the company’s 100 per cent-owned Wellington North project in Western Australia.

Alicanto Minerals Hits Big Gold Numbers at Arakaka

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) released a whack of high-grade gold results from a diamond drilling program recently completed at the company’s 100 per cent-owned Arakaka gold project in northwest Guyana, South America.

Alicanto Minerals drilled 51 diamond holes over 1.4 kilometres of strike around the Purple Heart prospect area along the Arakaka Main Trend.

The drilling was fully funded through Alicanto’s Joint Venture with Nord Gold SE.

From the assay results the company has received to date, highlights include:

ARDD309
19.05 metres at 7.43 grams per tonne gold from 260.75m, including 0.5m at202.4g/t gold from 263.8m;

ARDD316
6m at 11.15g/t gold from 69m, including 0.5m at111.89g/t gold from 71.5m;

ARDD329
0.54m at 160.13g/t gold from 239.8m;

ARDD306
6.5m at 5.44g/t gold from 142.2m, including 0.6m at47.44g/t gold from 143.5m;

ARDD281
2.9m at 3.36g/t gold from 89m;

ARDD282
5.85m at 1.98g/t gold from 190.33m;

ARDD323
0.55m at 21.44g/t gold from 93.45m;

ARDD299
3.5m at 2.39g/t gold from surface;

ARDD303
0.75m at 10.17g/t gold from surface;

ARDD304
4.6m at 2.32g/t gold from 163.4m; and

ARDD319
5.45m at 2.71g/t gold from 54m.

Alicanto explained the drilling also identified a previously unrecognised high-grade shoot component to mineralisation associated with the Purple Heart and Central structures.

The recently returned assays indicate the dimensions of these high-grade shoots to be of enough scale to lead to the potential development of substantial gold resources.

“Our drilling at Arakaka in Guyana represents the first time there has been targeted diamond drilling on the prolific gold-producing Arakaka Main Trend,” Alicanto Minerals CEO Peter George said in the company’s announcement to the Australian Securities Exchange.

“Alicanto has completed an initial 10,478 metres of diamond drilling over only 1.4 kilometres of the main trend fully funded through the Earn-In-Agreement with Nordgold.

“These initial encouraging high-grade results not only demonstrate the continuity of mineralisation throughout the area but also indicate that multiple high-grade gold shoots exist within the shallowly dipping, stacked mineralised structures.

“These high-grade shoots have an apparent, shallow, north plunge which will be the focus of further drilling following the geological integration of the current drilling.

“I am very pleased for the team to have discovered what we always firmly believed was in the ground at Guyana.

“This success, combined with intersecting high-grade massive sulphides in our maiden drilling program in Sweden, caps off a fantastic year for the Alicanto team and I am looking forward to what we will achieve in 2020.”

Alicanto said it anticipates further assays of the recently completed diamond drilling program in the coming weeks, after which it will complete a 3D interpretation of the geology and setting of observed, significant, high-grade gold mineralisation to better plan Phase 2 diamond drilling.

 

Web: www.alicantominerals.com.au

 

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